Opposing income minimums and caps.

Vic Biorseth, Friday, May 01, 2009
http://www.Thinking-Catholic-Strategic-Center.com

Income minimums and caps today seem innocuous enough; we’ve had a minimum wage law for years, and the salaries and bonuses of corporate big shots always appear to be way out of line, especially when compared to the income of the average corporate worker. So how can any argument opposed to them be valid, moral and practical?

Well, a free market is either free, or it is not. A free market is a private market; that is, it is not subject to government intervention. Otherwise, if it is a government market, as opposed to a private market, then it is not a free market. It is a government controlled market, to the degree that the government controls any part of it. A free market operates independently of government, as do the people who have the liberty required to participate in it. It is the most important sphere of private human activity that operates outside the reach of government and impervious to government control of it. The only legitimate (i.e., Constitutional) government controls affecting the free market place are those laws and regulations that enforce contract law, limit monopoly and so forth, in order to keep it free.

Just as the natural laws of supply and demand set the price for products and services produced in the free market, the same laws of supply and demand set the income levels of various workers who produce the goods and services for sale in the free market place. I submit that a Lee Iacocca is indeed worth more pay than I was worth as an assembly line worker at the old GM Fleetwood plant on Fort street in Detroit when I got out of the army. Or any other typical hourly worker.

For one thing, there were quite a few more like me than like him available on the job market at that time. Hundreds of thousands more, perhaps even millions.

The notion that pay and bonuses of big shots like Lee Iacocca and perhaps the next lower three to ten tiers of management detract from corporate profits is nothing but a boatload of poo-poo. These people add, enormously, to corporate profits. How many are there out there in the job market that can compare to the likes of Iacocca? How many are there who can turn a corporation around, and change it from a loser to a winner? Damned few, that’s how many, and they don’t come cheap, because there is a strong market for that kind of talent. The private market already knows that; government does not. Government is not smart enough to know that. Corporations compete for that kind of unique talent. People who solve big, major problems, who take on extreme challenges, turn red ink into black ink, and who regularly meet really big payrolls do not come cheap.

Sometimes, like us lower mortals, they screw up or make less than good major decisions. The Edsel model is a good example. But then, more than making up for it, everybody recognizes that the Mustang was a marketing concept that hit the corporate economic ball completely out of the park. How much does that sort of thing bring to a corporation profit, to corporate expansion, to increasing jobs, to growing the economy? It’s almost incalculable.

To think that you can get that same sort of passion, commitment and performance from talented people who spent a major part of their lives immersed in the education and training to get themselves to this point, with some sort of fixed amount of compensation comparable to hourly workers is just ridiculous. People don’t become engineers or MBAs and work their way up for twenty years or more just to make a “comparable wage.” Go to Cuba if you want to do that; America is the place of dreams; the place where you can truly be whatever you want to be and make of yourself whatever you are determined enough to make of yourself.

Our American Marxists who are currently running the House, the Senate, the White House and the SLIMC1 may be counted upon to regularly demonize executive pay and bonuses in their ongoing effort to increase class envy, and to demonize even wealth itself in the eyes of the overall populace. They are out to kill the free market and bring us into a typical Socialist dictatorship; that is their real but hidden agenda.

Consider this: if you paid for your kid to go to college and get a better education, did you expect and hope that your kid might thereby make more money as a result?

Why?

Would you have spent the money to send your kid to college if the only hope for your kid’s future was pay comparable to everyone else’s pay, and should your kid have gone through the difficulty of all that study for no greater financial reward?

Marxists are anti-Americans, and they are dream killers.

At the other end of the spectrum we are stuck with an annually increasing minimum wage law that produces nothing but increased unemployment among the poorest and least qualified workers in America. That’s about all it produces. I believe unemployment of the poorest among us is the purpose for the law; it’s just too obvious to have any other true reason for being. The purpose is to increase discontent among the poor, and sympathy for them among the middle class. Again, this is stoking class envy, wealth envy, and social guilt.

The existence of a vast market for lower wage workers in America is born out by the huge illegal workforce currently working “under the table” in the orchards, vineyards and fields of America. Many if not most of the workers are here illegally – they came here to work jobs that pay less than the minimum wage. There are millions and millions of them. Their very presence here proves that there is a giant market for less than minimum wage workers in America. The market will be satisfied.

Eliminating the minimum wage would bring these people out from hiding – at least the ones who are here legally. It would also go far to eliminate or at least minimize the mistreatment and exploitation of these workers by unscrupulous and even criminal employers, and open up the job marketplace so that legitimate employers could compete with each other for good workers. Lower wage workers are definitely in demand, or there wouldn’t be so many of them already here and working.

Marxists claim that the illegal aliens who get jobs here are “only doing jobs Americans would not do.” I don’t believe it. Americans are doing these jobs; however, they are doing them illegally, because they are breaking the minimum wage laws, and so they are working under the table. If it were not against any law, plenty of other Americans would be willing to do the same work. Preferably, they would do the work above the table, where everyone could see what was going on.

I previously said, in Kill the Illegal Alien Market Place, among other pages, that it would be relatively easy to get our current illegal alien population to leave us, on their own. At least, those of them who are not here under the auspices of organized crime families or gangsters. The workers among them. (That was before I had studied the Fair Tax -- I now concede that my national sales tax is less thought-out and researched than the Fair Tax, which should be implemented.) Getting rid of the minimum wage, instituting Fair Tax, prosecuting and shutting down illegal alien employers would do the trick. Americans and legal aliens could then compete for legal jobs at the lower end just as CEOs do at the upper end of our economy.

Bottom line, the government needs to get out of the free market’s way and let it operate. In describing the Rule Of Subsidiarity we described the American principle of the lowest jurisdiction possible handling problems, not the highest, and we described a private sphere of activity completely beyond the scope and reach of government. This rule is almost a definition of proper liberty of man in a moral culture.

Today, we have a President, Obama, who dares to hire and fire CEOs of private corporations; and who dares to oversee and direct bankruptcy reorganizations in the place of the court; and who previously publicly lied about billions of our dollars in a bail-out that specifically would prevent his pre-planned and orchestrated bankruptcy reorganization, and this is just the beginning.

How? By what authority? Has he already become supreme dictator?

The other two so-called co-equal branches of government, meanwhile, sit on their hands and do nothing.

And yet, the American principle remains, in spite of Obama’s travesties against the free market and liberty. Corporate executive pay and bonuses are what they are because the free market demands it, and free market competition establishes it. And it’s the same with all wages for work, including the lowest ranking ones. There is no dishonor in honest work, and there is no dishonor in accepting one’s pay, even when the Marxists don’t like it, and this remains true no matter how much they politicize and publicly demonize it.

Truth has a life of its own.

Pray for America.



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SLIMC1 Secularist Liberal Intellectual Media Complex
GESGOEAEOT2 Gradually, Ever So Gradually, Over Eons And Eons Of Time
PEWAG3 Punctuated Equilibrium's Wild Assed Guess
TTRSTF4 Them There Real Scientifical Type Fellers
TTRSPTF5 Them There Real Smart Perfesser Type Fellers
TTRSJTF6 Them There Real Smart Journalistical Type Fellers
SNRTACBT7 Surely No Right Thinking Adult Could Believe Today
STNSEACPB8 Surely Today No Serious, Educated Adult Could Possibly Believe
WDN9 We Don't Know
BMDFP10 Baboons, Mongrel Dogs, Filthy Pigs
HBAACOTE11 Human Beings Are A Cancer On The Earth
ACLU12 Anti-Christian Litigation Union
FLORMPORIF13 Flagrant Liar, Or, Mindless Parrot, Or, Innocent Fool
MEJTML14 Marxist Ends-Justify-The-Means Liar
IEJTML15 Islamic Ends-Justify-The-Means Liar
MPAV16 Marxist Principles And Values
WBESSWG17 Wise, Benign, Elite, Super-Scientific World Governance
TRMITM18 The Reason Man's In This Mess

I avoid social media, having been burned by poor security in that arena.  You may contact me through comments at the bottom of any webpage on this website, including this one. I am the only one who sees, approves and publishes these comments, or not.  Regards, Vic

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Date: Thu May 07 06:11:28 2009
From: Vic Biorseth
Comment:

Just saw another reporter going bananas over another “executive party” thrown, this time, by GM, for their best fleet customers at a cost of umpty-ump kazillion dollars (O.K., I don’t remember how much they spent.) The upshot was that after receiving billions of our tax dollars in bail out funds they had the unmitigated gall to throw a huge party at another posh resort, presumably using our money to do it.

The breathless and obviously angry journalist was negatively reporting this story on the Fox News Network, showing that even the best in journalism today is infected with the super simplistic wealth-envy and class-envy that bloomed from Marxist seeds sown long ago, and well tended over the years since. Nevertheless, journalists are not businessmen, they don’t have to meet any payrolls or handle any business crisis situations, and, basically, in the business arena, they usually don’t really know what they're talking about. The fundamental business point journalists (and Marxists) miss, or miss-represent, is that it takes money to make money.

I know that in at least one such incident from the past the story ravaged executives for an annual party at an expensive resort that was not even thrown for executives, but for sales staff, who had met or exceeded quotas during the past business period. An annual event. For the un-initiated or less-informed, the sales staff is the only part of the corporation that actually brings in revenue; everyone else in the company only spends it. Workers can make product, but if it doesn’t get sold, workers will soon be out of a job. Only sales produce any company income. Period. Without sales the business dies.

I never heard any corrections to the story or any apology to the executives regarding raking them over the coals for honoring their best salesmen and their families, so I’m assuming none was ever made.

Now the latest brouhaha involves a similar party at a similar resort at a similar expense, this time for the best customers of GM, who account for upwards of a quarter of all corporate sales dollars on an annual basis. We’re talking fleet sales here; people and companies who buy whole fleets of cars and trucks and vans at a time. It bears repeating: It takes money to make money. This is a sales event. A chance to show top customers new products, and, yes, to entertain them and their families. That’s what sales are all about.

So, the only conclusion we can draw from the negative rush to judgment against horrid GM for this further wanton economic travesty is that they are expected to stop selling.

Yeah, right; that ought to solve the problems.

Regards,

Vic


Date: Sun Oct 09 11:05:41 2011
From: lib
Email:
Location:
Comment:

What do you think of "Occupy the Wall Street" movement that seems to be gathering momentum? Do you think this might end up being the liberal version of the tea party?


Date: Mon Oct 10 05:49:47 2011
From: Vic Biorseth
Comment:

Lib:

No, not even close.

Occupy Wall Street is a Communist funded and Communist organized “event” for the objects of community organization and purposeful educational indoctrination. I’m sure the funders and organizers – George Soros, Comrade Obama, etc. – would prefer to be called Progressives rather than Communist, but as a simple matter of fact progressives are Communists.

Most of the pitifully few (in comparison with Tea Party events) out demonstrating cannot put together a coherent sentence, let alone explain in detail what they are demonstrating about. They don’t even know what they are doing there. The ones who are not being paid are just doing what their teachers or professors told them to do.

Union thugs are now joining them and upping the violence ante, and I’m sure there are real revolutionaries and real anarchists in among them all. But the important thing is that, while this is yet another attempt at actual violent revolution, ala 1968, it too will fail for lack of popular support.

You can’t have a popular revolution without popular support. That’s why all the “revolutions” of 1848 failed; see the Refuting Marx page.

The real Tea Party members are staying out of it, staying home, and letting the kiddies and the Commies burn themselves out trying to start trouble with the local police. They will eventually lose, despite the best efforts and the support of our thoroughly Marxist Democrat Party, our thoroughly Marxist SLIMC1 , our thoroughly Marxist education system, our thoroughly Marxist President, and the funding of the thoroughly Marxist George Soros.

Regards,

Vic


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Kerry lies again, and then lies about his lies, in concert with the SLIMC. There he goes again! Kerry lies again and again about American servicemen and veterans; he just can't help himself.

Kerry's Lies: The Old, Vietnam-Era Anti-War Chickens are Comming Home to Roost. POW Lawsuit Could Force Kerry To Come Clean - by George "Bud" Day, Chairman, Vietnam Veterans Legacy Foundation.

What's going on with Mel Gibson? Is he really an anti-Semite? I am surprised that Mel Gibson is an alcolholic.  But I am never surprised at any words that come out of the mouth of any drunk.

Still Worrying Over NuVo Consequences. The Holidays have gone by, several days have passed, and the SANE  NuVo Initiative still stands pat.

The Dem's October Surprise involves another flip-flop of their public "standard". The clearly pro-sodomy Party that openly seeks the "Gay" vote goes Victorian for another pre-election October Surprise ploy.

Some Problems with NuVo: the so-called Null-Vote Initiative. A "philosophical" movement aimed at keeping religious conservatives from voting? Seriously? Let me state my problems with NuVo.

Come, let us sit and reason together. Jews and Christians of various stripe and spot can say to each other, 'Come, let us sit and reason together.' But we can't do that with the Moslems.

Regarding SANE works dropping NuVo: Nul Vote Initiative dies with a whimper. If you can't really present a good argument, sit down. On SANE Works dropping the NuVo Initiative: a program that works hard to SOUND pro-American while ACTING to oppose American National Existence.

Even experts grossly underestimate the Marxist zeal of the American Left. The sharp Left turn happened in the Hoover-FDR era, and the Marxism of the American Left has been deepening ever since.

Thinking American, in a nutshell: When one has lots to say, but time is limited. The older I get, the busier I get. Answering multiple questions as a thinking American, but in a hurry.

"We are an Easter People, and Hallelujah is our Song." (John Paul the Great) Our absolutely unique and singular Easter story, and the incredible force with which it struck human history.

Witnessing, grieving and weeping for our dieing culture.  What might it take to call a whole people back from the brink of cultural death?

If we have an inherent right to something, then, who must supply it?  Rights and Responsibilities exist in paired sets; a right does not exist in the absence of a related responsibility.  If indeed we have a right to our job, then, someone must provide it. Who?

So how come we have all these homeless people if our system is so great? The strong "Utopian Idealist" firmly believes that absolute worldly perfection is actually possible.  Therefore, there should never be any such thing as a hungry or homeless person.

Taking a look at Illegal Imigration and Tax Problem solutions. In our view, the minimum wage and income tax have outlived their usefulness, and only contribute to the illegal alien problem. 

First journal / blog entries when the thinking catholic blog first opened up. Notes to readers about what I was doing. 

On-going WebSite work and planned WebPages as of 09/07/2006. Adding items to book store. 

Vic's busted finger status - life goes on. Another busted finger status report, since the original one rolled off of the 50-entry BLOG update records.

Website Status as of 02/05/2009. No more Bookstore; no more Contact Me; no more complexity.

Website Status 03-09-2009. Just a note to bring you up to date on website status 03-09-2009.

Website Status 04/06/2009. Busy driving daily now; most website work will be weekend and as available.

The Plastic Bags and Eco Doom theory: will plastic bags end life as we know it? Plastic Bag and Eco Doom predictions tell us that plastic grocery and garbage bags will still be buried in the land fills and dumps a thousand years from now.  Well … so what?

Farewell Smokey Biorseth; Rest In Peace.  Hello Coal Biorseth; Welcome Home. As we were laying our beloved Smokey Biorseth to rest in his grave beside the lilies, a carbon-copy of Smokey, in younger form, emerged from the lilies.

Honky Biorseth really runs this house. If you want to know what's in any cabinet in the house, just ask Honky Biorseth.

Kill the illegal alien marketplace, and illegal aliens will leave on their own. Why should we "imagine" life with no Mexico? Shouldn't the Mexicans be trying to imagine no such thing as the USA?

More Marxist infiltration of higher education. Public school and the media are not the only places dominated by Marxist thought; even Catholic institutions are infected.

Of Families and Fortunes, and Inheritance Vs. Redistribution. Families and Fortunes are despised by Marxists, because Marxism demonizes the family, demonizes fortunes, and even demonizes profit.

Website Status Update 11/09/10. Just a Website status update; where we are and where we’re going.

Regarding the 2010 Tax Deal Pledge Breaker: Pledge? What Pledge? How can Republican deal makers even face us? We need to hang a Tea Party target on all professional politicians for 2012.

Pray for peace in Jerusalem, and for deliverance of Israel from harm. To pray for peace in Jerusalem is to pray for deliverance from Obama.

A tale of Promised Financial Melt-Down Debt Ceiling Nonsense and Happy Marxists. Everyone, on both sides, believes the Debt Ceiling Nonsense.  Why?

God and Nature: on the Nature of Things, established by the Creator of Things. God and Nature: on man’s Perversion of the Nature of Things, even with the best of intentions.

Our Ohio voter Guide for the 2012 Election. The 2l012 Ohio Voter Guide – The Choices Have Never Been Clearer, or more critical.

Evangelization enters the animal kingdom with the first bear prayer. It is fitting that the first bear prayer would be a prayer of thanksgiving.

Is the Internet down in Lithuania? Sudden loss of Lithanian traffic suggests the internet is down in Lithuania. 

The rise of the Femi Nazi Green Beret, and the decline of military victory. The first Femi Nazi Green Beret will be awarded out of fairness, not excellence.

Food Insurance: Is this stuff really any good? All of us conspiracy-theorizing, global-calamity doomsday-preppers need their Food Insurance.

We just had to try to do Robert Irvine's Plastic Wrapped Baby Back Ribs. Put plastic wrapped baby back ribs in the oven? What? Are you nuts?

Thoughts on the first Eucharist, established by the Last Supper.  The first Eucharist was recognized by the Apostles for what it was on that holiest Holy Thursday.

Tea-Party-Candidates-04-18-2014.  The Constitution is not going to be restored to legal preeminence unless we replace leadership incumbents of BOTH PARTIES.

Ecce homo; Behold the man.  Ecce Homo.  Behold the Innocent Lamb, who takes away the sins of the world.

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