In the discussion thread: Rich-Poor Gap Widest in Republican-Leaning States, Census Shows [View all]
Response to TBF (Reply #16)
Fri Mar 9, 2012, 02:02 PM
TahitiNut (71,571 posts)
19. Owners vs. Workers ... a "war" of long-standing.
Last edited Fri Mar 9, 2012, 02:03 PM - Edit history (2)
What I find most noxious is the hi-jacking of language, most notably the word "entitlement." Ownership itself is the very embodiment of the word entitlement, which refers solely to a power or 'right' conferred by a Title - which is a legal fiction created solely by law (or fiat) and enforced by the state. We are all familiar with the terms "King" and "Prince" and "Baron" (all titles) ... and we're all familiar with a Title to land or real estate, or even our vehicles. What we seem to disconnect on, mentally, is that they're the very things to which we refer when we use the term entitlement. While the use of that term in reference to Social Security is, in fact, technically correct, it's the far more inequitable powers enforced by the State that lend a negative connotation to the term.
Nowhere is this inequity more evident in today's economy than in the "lion's share" (i.e. might makes right) extracted from an enterprise by the "owner" -- or shareholders. Today's S&P500 corporation distributes more than twice as much of its net income to the 'owners' than it does to those by whose labors such income was created. Yes, Virginia, the workers get less than 30% of the wealth they create in today's corporation. (And the NBA players went on strike because their share was less than 50%!!! Imagine that! Organized labor.)
"It is always sound business to take any obtainable net gain, at any cost and at any risk to the rest of the community." (Thorstein Veblen)
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|Cirque du So-What||Mar 2012||#2|
Owners vs. Workers ... a "war" of long-standing.
|Proud Public Servant||Mar 2012||#12|
|sofa king||Mar 2012||#25|
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