@SteveTheBookGuy@SenRandPaul Things are definetly expensive, but thats not because of capitalism, its precisely because of big government, money printing and over regulation.
Do you actually believe more government will make things better?
This is class warfare. It is un-American, bad for business, and ultimately hurts the very people it claims to help.
Americans are already taxed enough, far too much, actually. The real problem is not that we lack revenue; it’s how Washington wastes it through rampant spending, fraud, and abuse.
The American way is to reward entrepreneurs who build successful businesses, create jobs, and provide for their fellow citizens, not to confiscate a chunk of their profit.
Capitalism is the way.
President Trump shares a message on the assassination of Charlie Kirk.
“I ask all Americans to commit themselves to the American values for which Charlie Kirk lived & died. The values of free speech, citizenship, the rule of law & the patriotic devotion & love of God.”
Reminder: Profit is a good thing.
This should be an obvious statement. But, since our youngest and most educated citizens keep voting for people like Zohran Mamdani and AOC, apparently it needs to be reiterated.
Profit is a good thing. It is critical for a progressive, flourishing society, and the ethical pursuit of it should be celebrated, not criticized.
What is profit?
Profit represents the financial gain that accrues to owners of a business when total revenue exceeds total costs. Put simply, it’s how much business owners get to keep when they’re able to sell things for more than it costs to create them.
Socialists commonly denigrate profit as “exploitative” or “parasitical”; if they’re trying to sound fancy, they’ll say things like “the surplus value of labor that the bourgeoisie capitalist class has extracted from the working class.”
They are wrong.
Profit serves two extremely valuable—and irreplaceable—roles in society, even for people who don’t own businesses:
1. Profit rewards risk and incentivizes growth. All economic ventures that create value for the wide range of stakeholders in our society—from financial parties, such as investors and lenders, to customers, suppliers, employees, governments, and community organizations—have financial outcomes that are inherently uncertain. This uncertainty is called risk, and, in varying levels, it is inherent to any project without a guaranteed and instantaneous payout.
Without profit, there would be no incentive for companies and their shareholders to assume these risks. Without profit, there would be no capital investments (e.g., equipment purchases, new factories), innovation (e.g., new technologies, pharmaceutical R&D), or entrepreneurship. Without profit, there would be new jobs created, no new restaurants to enjoy, no tax revenue to fund government benefits, national defense, public education, municipal parks.
Profit is the mechanism that makes progress possible, for business owners and employees alike.
2. Profit sends a signal to the rest of the economy that a certain product or service is valuable, and that someone should make the investments necessary to supply more of it. Economists refer to this as a price signal, and it’s virtually impossible to replicate outside of profit creation in a market-based economy.
When auto manufacturers are able to sell cars profitably, it sends a signal to the market for competitors to produce more of them (whether through greater capacity utilization at existing facilities or by constructing new factories). This leads to more cars being produced and sold, lower prices for customers, greater labor demand, and, over time, stronger wages for employees.
The same applies to plumbing companies, iron ore mining, wheat production, new medications, video games, coffee shops, and every last job in the labor market. Profit provides the signal that subtly directs every economic decision across our complex, wonderful, multifaceted society.
It sounds simple, right? But there are millions of variables here across millions of economic participants, all of them changing continuously. What looks seamless in a market-based economy becomes impossible to model in a centrally planned one. It’s laughable to even try.
Our modern-day capitalist society is nothing short of a miracle. It may not be perfect, but it’s vastly superior to any other economic system ever attempted or imagined.
Profit is a foundational pillar of that system, and it deserves respect as such. Keep that in mind next time you’re at work, checking out at the grocery store, or filling out your ballot in a voting booth.
Business is the ultimate game.
Once you become good at it, almost all else pales by comparison. Yet, it can require all you have to give. Your day, your week, your year, your sanity. You hit one goal just to see another. Your problems just keep getting bigger as you get better. You win big just to get sucker punched. Old you wouldn't recognize new you.
But you won't stop... not because it's easy. But because it's hard, and worth it.
@lbi_trader@LeadingReport They would only pay taxes on the excess of their first 300k combined. So per your example they would only pay taxes on 150k and their first 300k would be tax free.
This is pathetically bad. Canadians opted towards warm, fuzzy DEI nonsense. Look at how the international community voted economically as a result.
This is an important lesson for the rest of us to learn.
Socialist, virtue signaling is a quick way to shut yourself off from capital. Given enough time, this will eventually run your economy onto the rocks.
California, especially, needs to pay close attention.
I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to Public Health. The Safety and Health of all Americans is the most important role of any Administration, and HHS will play a big role in helping ensure that everybody will be protected from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to the overwhelming Health Crisis in this Country. Mr. Kennedy will restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!
Wokeism is dead.
Identity politics is dead.
Virtue-signalling is dead.
Trump’s massive win was a total repudiation of all the far-left’s ‘progressive’ (but actually regressive) crap.
Common sense will now return to a world that had gone nuts, and thank god for that.