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Well I can't speak for everyone but as a small business owner in a highly specialised business with global public companies as customers, I could financially ta
by hultner 7y ago
Well I can't speak for everyone but as a small business owner in a highly specialised business with global public companies as customers, I could financially take out more than twice that as pre-tax salary from my company but my takehome would only increase with about $3k so I hardly see any point in taking out more salary. The salary I actually take out is much closer to that of the cashier and I skipped even taking out any salary for Q1 and most of Q2 of this year since I didn't really need the money. I'd much rather reinvest the money into my company so I can expand and employ more people. I also have a goal of providing a better workplace in general, for instance I'd really like to offer 30 hour work weeks and two months paid time off per year, it's not something I can afford at this point in time but I certainly think it would be possible in the future. From my point of view it's more important to be able to build a sustainable business which can offer jobs that provide a high quality of life as well as both professional and personal fulfillment for all employees. And I do think that capitalism is the only way to produce enough quality throughput to achieve that.
- teekert 7y agoThanks for doing this. I think that what is practiced in the US a lot is the fast food of capitalism. Utterly unhealthy and aimed at short term satisfaction. As the differences between rich and poor grown they will find themselves in society that's not fun to live in anymore. Capitalism is a thing of beauty but it is sick when money buys political power, risky shuffling with money make you more than producing something of value and young people enter the job market with a debt that will take decades to repay.