Originally posted by TheAngryFarm
Originally posted by The X
And corporations will show the true colours by doing this, they will not allow profits to take a hit from this if they can make you pay for it, price
fixing on a national level like has never been seen before is about to happen.
What true colors? Corporations have one single obligation and that is to their shareholders. They arent in business to make less profit in order for
the government to enrich themselves, or to make their employees lives better.
If they did allow profits to take a hit without doing anything and everything they could to prevent it from happening, they would be negligent in
their fiduciary duty to the stockholders.
As was said before, people do not go into business, put their capital and finances at risk, just so they can contribute more to society or to make
people feel good. People go into business for one reason and one reason only: to make money.
That reason is 100% correct, and government does nothing but make the cost to the end consumer go up.
I agree with you business is meant to make money, as for fiduciary duty, it is always far easier to indulge with indifference and neglect any kind of
social responsibility, than it is to try and adjust in a fair reasoned and well ajudged manner to legislation that MAY affect profit margins.
Of course the government will try and sweeten the transition by giving tax breaks to business owners, as we all know, once prices are shifted, they
rarely if ever, recover the original position, if the reason for them going up is corrected, prices hardly ever follow.
No doubt right now there are masses of business owners who have for a very long time managed to keep poorly paid workers within the companies on short
hours denying them rights of full time employees with all the benefits that entails.
They are looking down the throat of a set of circumstances, that until now, a hard heart, a lack of interest, lack of care, and intentioned
indifference to them as a person, had managed to maintain.
My heart bleeds for them.
I hope any of them that attempts to pass this onto customers with price gouging find overall their profits affected by inordinate amounts when people
stop using their goods or services.
There is absolutely nothing wrong with society exercising a strong social conscience, in fact, if this was exercised in all ways, nobody would be on a
low wage, everyone would have medical cover anyway.
These are the most essential human rights in this very broken society,companies take the most precious aspect of someones life, and pays as little as
it can for it, not what it is worth, what they can get away with.
Unfortunately people are stupid enough to accept it.
I am very glad the US is stepping into the 21st century with regards to providing medical cover as a right to people, the legislation is borne of good
intentions, if everyone accepts it with the spirit in which it was intended and waits to see how bad the adjustment is going to be before, slapping
punitive charges on employees, and customers, it would be better for everyone.
How many corporations will make the situation much worse by both, taking money off employees, and, passing extra charges along to customers?.
I have no idea, but, i guarantee this is what will happen in some cases, government should legislate before this gets out of hand and stop any kind of
price fixing, or, price gouging, or sanctioning of wages, corporations most of all cannot be trusted to treat customers and employees fairly, they
should be constrained from knee jerk responses for at least six months whilst determinations are made as to exactly how badly it is really affecting