Loading ...Assuming the slaves are the working class, and the masters are big business. That make payrolls. If the masters are too cheap and greedy and free to not share the profits fairly, the slaves stop paying their mortgages for one example. Then the Bank masters get screwed by the retail master’s low paid workforce. One master screwing another master. Besides that, the low wages produced low taxes, or worse, the working poor absorb taxes getting food stamps section 8 etc.
So the masters in a sense have been screwing each other by not coming together to lobby Congress to pass new bigger higher minimum wage laws. For their own good. An equal playing field for businesses. Then BOTH, gov’t and business would be better off with wealthier customers and taxpayers. It would be survival of the strongest businesses. For example a friend I know since 10 years old, opened 8 stores in Brooklyn 65 employees on the allowed low wages. Labor and imports prices were too cheap and the customer “slaves” were still well off from before the cheap imports.
He made huge profits, and plowed them into 14 multi family houses. He also bought many 500 ounce silver monster boxes. He loved them. And told the delivery people he was a rock collector, they are rocks. And business run Gov’t supported both his real estate and retail businesses. Hes dead now and left a ton of unspent money behind. I went into manufacturing, and the “gov’t” we paid taxes to, sold us out, did not like us. So I accumulate anything like he had. And I got him his first job in a department store. The drugs and cosmetics dept. And up the ladder he went. I went up the ladder too, until after 1980 all my peers were closing down.
So what I’m saying, if he (and his business peers), should have lobbied Congress, and asked for legislation, to pay more payroll. Then, instead of him owning 26 apartment rentals, at the end of his life, left behind, he’d have maybe 10. And instead of 10 monster boxes, left behind, he’d have maybe 5. And his daughter would inherit a half ton of money instead of a full ton money. LOL. And the whole system would still be ok instead of screwed up.
None of this matters anymore, because the past system of greed manipulation, and mistakes, has culminated. And trying to right itself. After 40 years of a bad habits, the Master addicts of the world were told by Dr. Market that they have to quit the old bad habits quick or die. So its cold turkey time for them as they go thru withdrawal. No pain no gain.