 ratilfar says: Having declared that the very idea of representing capital as well as labor in government is undemocratic, Lincoln goes on to demolish the assumption made by those today who talk about investors as "wealth creators": It is assumed that labor is available only in connection with capital; that nobody labors unless somebody else, owning capital, somehow by the use of it induces him to labor. Lincoln goes on to point out that many Americans were self-employed, and that many others were laborers at one point in their lives and capitalists at others. With the war against the slave-owning South in the background, he concludes: Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not existed. I have a friend who just closed the doors to his business about 3 weeks ago. 15 years he risked his home and life savings to start his company. If he would have failed he would have been financially ruined. He eventually employed 28 employees plus or minus 1 or 2 at any given point over the past 15 years. He created 6 millionaires. He gave dozens, maybe hundreds, job opportunities and experience which they used to further there careers after moving on to other opportunities. He provided full healthcare coverage, profit-sharing, 401k, 8 paid holidays, and 2 weeks vacation a year. Over the years he poured hundreds of thousands of dollars into his community, church, and charities. His story is ... |
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