While he is at it, I wish the writer would examine the issue or prospect of
Worker Self Directed Enterprises, WSDE's, in which leftists like myself
find some hope.
Family owned businesses are a denial of the American creed of equal justice for
all.Actually I don't know if equal justice for all is in the
American creed, it's just that I get that meaning from the founding
documents and the pledge to the flag. When power and wealth is
passed to the new generation on a basis of family relationship, the notion of
equal justice for others is simply thrown out the window. Yet, in the
recognition of the family as a very important structure of our society, one
can't refuse the right of a parent to return the favor of allegiance as
given by one's offspring. A government of the people, for
the people and by the people, would seek to equalize the equality of justice by
taxing the transfer of wealth. The inheritance tax imposed on the deceased is a
feeble attempt at that, but is inadequate and unfair. The tax should be on the
income to the individual in the same manner as the personal income tax on all
other kinds of income.
I have no problem with Family owned businesses.Predicting how the
family will manage the business (with their track record) is as reliable as
trying to figure out how a board of directors will manage the company.====I have no problem with WSDEs as well. They are harder to
predict, but at least you have a say in how the company is run (and the money to
do it comes out of your pocket). So if you need a huge influx of money (to
build more buildings in other parts of the country, or expand the current build,
or renovate your business)... it's harder for these people to come up with
that kind of money (billions in some cases).WINCO seems to be doing
fine, and they are a WSDE.I don't see how that's a leftist
ideal though... they are just as capitalist as any other company I know of.
The employees appoint the CEO, but they are just as out for profit as any
company out there.===No problem with
"non-profits" as well... I work for one now.
Ultra,Our Constitution in no way prohibits family businesses.When the Constitution was written all businesses were family owned, or
government owned (we didn't have "corporations" or even a stock
exchange in America then).===Nothing in our current law
prohibits family businesses.====How are family owned
businesses "a denial of the American creed of equal justice for
all"??Do YOU not have the right to start and own your own
business?? Of course you do!Just because you choose NOT to start a
family business (and instead choose to work for a business somebody else
started).... does NOT mean you have been unequally treated by our laws...
"They account for 60 percent of total U.S. employment, and 78 percent of all
new jobs"... but they are evil people, and deny the American creed of equal
justice for all... right Ultra?
Any business requires risk. Somebody has to put capital at risk. Somebody has
to hire people to produce a product or to provide a service. Somebody has to do
the required research to see whether their "better mousetrap" solves
somebody's problem.Those who demand that workers get a bigger
share have to ask themselves why those workers are not willing to take that
risk. Those who tell us that government should redistribute the
profits from the few businesses that succeed can't show us any part of the
Constitution that allows government to take anything from anyone without paying
the fair market price.Anyone in America has equal opportunity to
risk his money. Those who have little to risk can still buy stock in other
businesses. They don't have to wait until they can buy an entire business.
They can buy just a few shares and then reinvest any profits.A wage
does not transfer ownership. The person who washes your car does not receive
the title to your car. But, there are those who think otherwise.
2 bits. I don't think that all the un-American beliefs and
activities are mentioned in the Constitution. I don't recall seeing the
word hate in the Constitution and yet it is the most pervasive un-American
activity in America. I think the Constitution might have it under freedom of
religion. It is not that family owned business is illegal or that
families who own businesses are evil. The bad part of family owned business is
the constant concentration of wealth that will take us back to the same world as
England was at the time of the revolution. The author states "
First, many family businesses are run by owners who have a long-term and
generational perspective. In many cases, they see themselves as stewards for the
future."That is the un-American part.
Who owns business?Who creates the opportunity for a business
operation?Who creates the need for a business operation?Who provides the customers for a business operation?Who provides
the workers for a business operation?Who specifies the quantity,
quality and the manner of creation of the product?Who provides the
infrastructure needed for the business operation?Who provides the
protection from other businesses for the business operation?Who
provides the rules and regulations for the business operation?Who
pays for all the costs, wages, taxes and profits?The answer to all
of the above is Society and its agent called government.---Who provides the money to build, run and create the product?Who
gets all the profit? The answer to these questions is the Investor,
who loans the business operation some of his surplus money
These comments are just more self aggrandizing and entitlement from the
leftists. Maybe if you actually tried to create a business you would
have an idea that business owners work. Just because you are looking for the
easiest way to get through life, doesn't mean others do that. Many people
look for a way to make the life better for others, and work their tails off to
do that. In the process they build a successful business. I have yet
to see union workers or government workers work half as hard as those who start
their own business.