Friday, October 1, 2010

Why is Greed the New Defintion of Capitalism?




So the economy sucks!  Frankly, it's going to be that way for a while.  Hopefully it will cycle through to better times as it always has in the past.  In the mean time it would be really nice if I didn't have to listen to people whining about how greedy businesses are because they aren't hiring or in fact firing.

My family is barely making ends meat thanks to my husband being on disability and he has been denied SS disability twice now, but we are dealing, not complaining.  I work 60-65 hours a week between two jobs and and know that it will all be for the best in the end.  Others, swing the opposite way and just blame the greed of companies for all there problems.

"No one will hire me!"
"Can you believe they laid so in so off after 30 years?"
"These companies are just greedy!"

Um.....Have you ever been a business owner? The work that goes into maintaining cash flow is crazy and as with everything in life, there are casualties.  Most of the businesses in the US are still "small" businesses, not big conglomerates like Walmart.  Most are struggling to keep their businesses afloat and their own families fed.  How can people just assume that business owners are all scrooges who don't care about anything else but the stack of money they can accumulate.  Even the big conglomerates are not all bad.  They are just better at making money and growing their business to it's full potential.  They shouldn't be penalized for that.

When times are good, they have the potential to be good for everyone.  When times are tough, they are tough for everyone.  There are few people who make money in times of economic hardship, at least not without making some tough decisions.  I know many employers who agonize over the fact that they have to scale back employment and fire people with families.  Fact of the matter is, everyone has bills to pay and business owners have triple (personal, business and TAXES).

Taxes are where big and small businesses get screwed the most.  I worked for a CPA firm that did business taxes and it's more than obscene  what they pay out on a yearly basis.  So when you think that businesses are just raking in the dough, remember that if you take part in a government program, they probably paid for a large part of it.

Also, most large businesses are the biggest detonators of charity.  A little something we all wish we could give, but usually don't.  Walmart has, for many years, been at the top of the list for donating.  Most would assume that it's only for the tax deduction, which is a bonus, but I'd like to think that deep down they realize they are the haves in a have not world and they want to give back.

As is true in all aspects off society, there are good people and bad people.  Some are greedy and some are generous and more are just trying to get by.  That goes for employers as well as employees, so let's cut them some slack.




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