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canaryinthemine said:
I am anti-company only in as much as I think companies should exist for it's workers and customers........and not the other way around...
I know that if you ask the CEO,.....he/she will tell you that the.....company....is of prime importance.....
But you and I.....and the other 99% of the population.....live in a country where the principal law-giving document has the words "Of the People, By the People" in it.....

And why shouldn't business be held to that....high...standard?
If business is ranked..."higher"....than the common interest......then just a few people profit....
And the rest of us are expendable fodder for the Labor pool.....
Businesses bend heaven and earth to convince......US.......of their paramount importance to the common good....all the while using and abusing their very workers and customers.....

Amazon would be a great example of that.......I'm sure Jeff Bezos is lying awake at night worrying about all the NEMF drivers who can't pay their mortgage, or afford college for their children........

Maybe he's lying awake at night thinking of all the stock dividends piling up.......

His business model is hundreds,..if not thousands of years old....
Slash your supplier's throats, so you can slash your competitor's throats....
So you can roll in a pile of dough high enough that you can't see the trail of wrecked lives and futures you've caused...to get that pile of dough......
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Of the people, By the people is from Abraham Lincoln's Gettysburg address. How does Gettysburg apply to business?
 
Homesick said:
Seabreeze, I guess I should have said Canary is anti-business rather than anti-company. Anyway, the reason Canary is anti-business is his belief that the role of businesses, or a company, in society is to support its workers. He has posted this belief many times. While this is true, it is a secondary consideration and one that must be addressed in order to keep a company in business. The primary role of business in society is allow the greatest number of people the opportunity to create wealth.

Businesses have created more wealth, for more people, than any other wealth creating vehicle in human history. Take any average normal working individual, have them put 10% of their income every year of there working life (18-68) in a diversified index fund like the S&P 500 fund or the Russel 2000 fund, and that individual will have created enough wealth for the average person to retire comfortably on. Or take your average individual, have them start a business and spend 25 to 30 years growing that business and they will have created enough wealth to retire comfortably. But if you take the profit out of the business and give it to the individual workers, then you create no dividends, no reason for business expansions, and no reason for individuals to invest in that company.

When I say Canary is anti-company I don't mean this in a derogatory or name call way. It is his belief, he has stated it over and over, but that does not make it true. Business is for the creating of wealth and to allow everyone the opportunity to become wealthy.
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I can tell you a much better and quicker way to create wealth, sell 180 acres to IBM.
 
Homesick said:
Seabreeze, I guess I should have said Canary is anti-business rather than anti-company. Anyway, the reason Canary is anti-business is his belief that the role of businesses, or a company, in society is to support its workers. He has posted this belief many times. While this is true, it is a secondary consideration and one that must be addressed in order to keep a company in business. The primary role of business in society is to allow the greatest number of people the opportunity to create wealth.

Businesses have created more wealth, for more people, than any other wealth creating vehicle in human history. Take any average normal working individual, have them put 10% of their income every year of there working life (18-68) in a diversified index fund like the S&P 500 fund or the Russel 2000 fund, and that individual will have created enough wealth for the average person to retire comfortably on. Or take your average individual, have them start a business and spend 25 to 30 years growing that business and they will have created enough wealth to retire comfortably. But if you take the profit out of the business and give it to the individual workers, then you create no dividends, no reason for business expansions, and no reason for individuals to invest in that company.

When I say Canary is anti-company I don't mean this in a derogatory or name call way. It is his belief, he has stated it over and over, but that does not make it true. Business is for the creating of wealth and to allow everyone the opportunity to become wealthy.
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Ahh,.....Someday we'll have to sit down and drink a cold Iced tea w/lemon, one sugar,.......And debate Adam Smith,... and whether Milton Friedman correctly envisioned the extent global businesses could take advantage of poorer populations and Labor pool wages........or whether he vastly underestimated business mobility in the 21st Century.......And their lack of Moral Principles...

Playing the stock market,.....does not produce a....product. It only provides funding for people who will,....try to produce a ...tangible, physical product......
All well and good,..........until the...."playing"....becomes more important than ...."product" production.

Welcome to the 21st Century Casino............The more players,...the greater the..volatility.....Hurry Up And Throw The "Dice"!...You've Got People Standing In Line Behind You Waiting!

I am Anti-Business-Using-Their-Legislative-Clout-To-Stifle-Their-Competition..........Don't see nothing wrong with an honest Businessman(...insert "oxymoron" jest here..)....producing an honest product or service at an honest price.....to serve the People's needs...

Businesses grow to a certain point where it's almost endemic that they will try to....outmaneuver their competition...and "capture"...a market....by using their profits to buy Legislative Advantage.

Insurance companies, and laws requiring you to insure your,....car, home, and health.....come to mind.

I'm old enough to remember you didn't have to,...by LAW,....purchase car insurance. If you were "at fault",....you'd pay the man directly. Or be sued......
But you had a choice........(...especially if you were a non-drinking exemplary driver....).....

Choice no more! You're required by Law to insure your vehicle,....at an ever-rising rate,...in spite of you being a non-drinking exemplary driver with 3,500,000 miles of safe driving....You've been out-lobbied by the insurance companies to......pay just as much as any slovenly drunken bum in a '76 Buick Battlewagon with belching exhaust and flapping fenders.......

"Safety"...I think, was the reason the insurance companies gave.......Makes their profits safe, is what I think they meant......

Mark me down as "Anti-Law"..too.......
 
canaryinthemine said:
Ahh,.....Someday we'll have to sit down and drink a cold Iced tea w/lemon, one sugar,.......And debate Adam Smith,... and whether Milton Friedman correctly envisioned the extent global businesses could take advantage of poorer populations and Labor pool wages........or whether he vastly underestimated business mobility in the 21st Century.......And their lack of Moral Principles...

Playing the stock market,.....does not produce a....product. It only provides funding for people who will,....try to produce a ...tangible, physical product......
All well and good,..........until the...."playing"....becomes more important than ...."product" production.

Welcome to the 21st Century Casino............The more players,...the greater the..volatility.....Hurry Up And Throw The "Dice"!...You've Got People Standing In Line Behind You Waiting!

I am Anti-Business-Using-Their-Legislative-Clout-To-Stifle-Their-Competition..........Don't see nothing wrong with an honest Businessman(...insert "oxymoron" jest here..)....producing an honest product or service at an honest price.....to serve the People's needs...

Businesses grow to a certain point where it's almost endemic that they will try to....outmaneuver their competition...and "capture"...a market....by using their profits to buy Legislative Advantage.

Insurance companies, and laws requiring you to insure your,....car, home, and health.....come to mind.

I'm old enough to remember you didn't have to,...by LAW,....purchase car insurance. If you were "at fault",....you'd pay the man directly. Or be sued......
But you had a choice........(...especially if you were a non-drinking exemplary driver....).....

Choice no more! You're required by Law to insure your vehicle,....at an ever-rising rate,...in spite of you being a non-drinking exemplary driver with 3,500,000 miles of safe driving....You've been out-lobbied by the insurance companies to......pay just as much as any slovenly drunken bum in a '76 Buick Battlewagon with belching exhaust and flapping fenders.......

"Safety"...I think, was the reason the insurance companies gave.......Makes their profits safe, is what I think they meant......

Mark me down as "Anti-Law"..too.......
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All true, canary. Over the past 35-40 years, we’ve witnessed the largest transfer of wealth in human history. Never before have so few ran away with so much, while the ones who shoulder the burden continually have the ‘dangling carrot’ pulled further away from reach. Homesick tells us that businesses are this great ‘wealth-producing vehicle’. Partially true. But for a dwindling amount of the burden-bearers, not so much.
 
canaryinthemine said:
Ahh,.....Someday we'll have to sit down and drink a cold Iced tea w/lemon, one sugar,.......And debate Adam Smith,... and whether Milton Friedman correctly envisioned the extent global businesses could take advantage of poorer populations and Labor pool wages........or whether he vastly underestimated business mobility in the 21st Century.......And their lack of Moral Principles...

Playing the stock market,.....does not produce a....product. It only provides funding for people who will,....try to produce a ...tangible, physical product......
All well and good,..........until the...."playing"....becomes more important than ...."product" production.

Welcome to the 21st Century Casino............The more players,...the greater the..volatility.....Hurry Up And Throw The "Dice"!...You've Got People Standing In Line Behind You Waiting!

I am Anti-Business-Using-Their-Legislative-Clout-To-Stifle-Their-Competition..........Don't see nothing wrong with an honest Businessman(...insert "oxymoron" jest here..)....producing an honest product or service at an honest price.....to serve the People's needs...

Businesses grow to a certain point where it's almost endemic that they will try to....outmaneuver their competition...and "capture"...a market....by using their profits to buy Legislative Advantage.

Insurance companies, and laws requiring you to insure your,....car, home, and health.....come to mind.

I'm old enough to remember you didn't have to,...by LAW,....purchase car insurance. If you were "at fault",....you'd pay the man directly. Or be sued......
But you had a choice........(...especially if you were a non-drinking exemplary driver....).....

Choice no more! You're required by Law to insure your vehicle,....at an ever-rising rate,...in spite of you being a non-drinking exemplary driver with 3,500,000 miles of safe driving....You've been out-lobbied by the insurance companies to......pay just as much as any slovenly drunken bum in a '76 Buick Battlewagon with belching exhaust and flapping fenders.......

"Safety"...I think, was the reason the insurance companies gave.......Makes their profits safe, is what I think they meant......

Mark me down as "Anti-Law"..too.......
Click to expand...
My friend Canary (and I mean that in a heartfelt meaningful way) I have said in the past I would love to buy you a steak dinner and a beer (or tea) one day. This past week would have been a great time to do such a thing, I was in Pensacola scuba diving, watching the Blue Angels practice 2 days and enjoying some fun-in-the-sun. But one of the things I didn't have to worry about was being involved in auto accident with someone who had no insurance and no assets to sue for that would leave me unable to work while the other individual said “sue me because I own nothing for you to take.” I to am old enough to remember a time when auto insurance was not mandatory and why it became the law-of-the- land in all 50 states. I did miss the the law that requires a person to insure their home?

You point out that the stock market is gambling and doesn't produce a product but it does produce a service and a lot of wealth. I suggested index funds for those who are not savvy investors. So I'll ask you, and anyone else, can anyone give me a 50 year time frame where the the S&P 500 or the Russell 2000 ended lower than at the beginning of that time frame? Anyone who has lost money in that time frame using index investing?

Life is not without risks but some risks are worth taking because the alternative is to do nothing and let life pass you by. Life was good this past week, the water was clear and warm, the Blue Angles were spectacular, and I really enjoyed myself. Because the alternative was to sit at home, watch TV, and be safe!
 
runawaytrain said:
Damn brother Breeze, that would make you the true definition of Old Timer. Exactly how old are you?
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I'm highly offended by your question and won't answer, however, I will tell you I started to work for Ryder at
the age of 19, in 1955.
I seriously doubt an "ole Texan" can come up with my age using those figures.
 
seabreeze said:
I'm highly offended by your question and won't answer, however, I will tell you I started to work for Ryder at
the age of 19, in 1955.
I seriously doubt an "ole Texan" can come up with my age using those figures.
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When since I was born in Dallas in 1955 all I would need to do is add 19 ..... 64+19=83 .... Sooooooo. According to my calculations you retired in your mid 50’s which IMO would make you the smartest individual on TB. You must have an IQ of at least 180.
 
runawaytrain said:
When since I was born in Dallas in 1955 all I would need to do is add 19 ..... 64+19=83 .... Sooooooo. According to my calculations you retired in your mid 50’s which IMO would make you the smartest individual on TB. You must have an IQ of at least 180.
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I see you been drinking again.
82, retired @54 when PIE folded.
I Q is .018
 
seabreeze said:
I see you been drinking again.
82, retired @54 when PIE folded.
I Q is .018
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I was close.... our birthdays probably threw it off but you are right. I’ve had a few beers which is adding to my weight. 200 ain’t happening here in Texas. Too much good Tex-Mex food here. I love guacamole and fajitas and my waist line can attest to that. As far as my IQ .... I jest ain’t able 2 remember dat farr bak.
 
runawaytrain said:
I was close.... our birthdays probably threw it off but you are right. I’ve had a few beers which is adding to my weight. 200 ain’t happening here in Texas. Too much good Tex-Mex food here. I love guacamole and fajitas and my waist line can attest to that. As far as my IQ .... I jest ain’t able 2 remember dat farr bak.
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I once told a guy, my last IQ test was around 567, he was serious, said "damn, you must have some college"
 
Whew!....I was going to date myself after Bro. Homesick mentioned Pensacola,...by saying I was stationed at Hurlburt Field, Fort Walton Beach,...way back in '73-'74....
...where my job was Assistant Propeller Spinner on the biplanes....

But then Bro. Seabreeze knocks my "age-bragging" galley-west by saying he was driving truck in 1955.........
.....I was one year old at the time,...and was proud of my getting my big toe in my mouth.....a feat I can no longer do.....
 
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