Oct. 1st, 2012

QOTD

Oct. 1st, 2012 07:15 am
giandujakiss: (Default)
I am a corporate chief executive.

I am a business owner.

I am a private-equity fund manager.

I am a job creator and I am entitled.

I am entitled to complain about the economy even when my stock price, my portfolio and my profits are at record levels.

I am entitled to a healthy and well-educated workforce, a modern and efficient transportation system and protection for my person and property, just as I am entitled to demonize the government workers who provide them.

I am entitled to complain bitterly about taxes that are always too high, even when they are at record lows.

I am entitled to a judicial system that efficiently enforces contracts and legal obligations on customers, suppliers and employees but does not afford them the same right in return.

I am entitled to a compensation package that is above average for my company’s size and industry, reflecting the company’s aspirations if not its performance.

I am entitled to have my earned income taxed as capital gains and my investment income taxed at the lowest rate anywhere in the world — or not at all.

I am entitled to pass on my accumulated wealth tax-free to heirs, who in turn, are entitled to claim that they earned everything they have.

I am entitled to use unlimited amounts of my own or company funds to buy elections without disclosing such expenditures to shareholders or the public.

I am entitled to fire any worker who tries to organize a union. I am entitled to break any existing union by moving, or threatening to move, operations to a union-hostile environment.

I am entitled to operate my business free of all government regulations other than those written or approved by my industry.

I am entitled to load companies up with debt in order to pay myself and investors big dividends — and then blame any bankruptcy on over-compensated workers.

I am entitled to contracts, subsidies, tax breaks, loans and even bailouts from government, even as I complain about job-killing government budget deficits.

I am entitled to take credit for all the jobs I create while ignoring any jobs I destroy.
-- Steve Pearlstein (but seriously, read the whole thing)

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