Monday, September 10, 2012

GOOD FAIRIES OF CORPORATE PROFIT ELIMINATION...

This will almost sound like a fairy tale.  The good fairies, the group of democrats who recently proposed that profits should be eliminated from corporations, stand with their magic wands waving to a drum beat.

For those inclined to left-wing wand waving here are some simple facts...you take them to whatever drum beating march you choose.

In the fairy tale land of no profit this is what would happen:

1. There would not be any corporate profit left to buy plant and equipment.
2. The millions of workers that work in those industries wouldn't have any jobs.
3. The fairy tale land wouldn't have any money left over to pay dividends to your mutual funds, your IRAs or investments in IBM or anything else.
4. The few dollars that are left from these "wicked" profits couldn't be retained in the companies to pay off debts and provide a financially strong environment to maintain employment.

The good fairies of profit elimination must want to live in another world called Obama, Saul Alinsky, Communism and Failure.  Who are these good fairies?



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