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truedalife
join:2003-01-10
Brooklyn, MD
| reply to JTRockville
Re: Right On Alice
I always see you posting about everything, but know very little. City bonds are used in projects like this with interest paid at what ever the current FED rate is. The Cities Bond money is returned and grows a little in the process. People kill me with this "making CEO's rich" BS.
Once again, this is a free market economy. You start a business, you put in hard work, and pray for success. Just because you started a business, doesn't mean you'll be successful. In order to succeed, the business playing field should be non-bias. There are fair and unfair advantages in business.
Fair is finding a cheap supplier for your goods, maybe you'll pass the saving on or maybe you won't and take a higher profit. That's a normal American business practice.
Unfair is a Government getting involved in a free market business. The Government can streamline any legal process that a normal business entrepreneur could not. Utilizing any City agency in there project including the legal department. The City can also amend any law (like the franchise agreement) if it feels the law wouldn't work for them. Without any lobbying and sometimes without any knowledge to the people it serves. If the business fails, the cost to the tax payers could be high. And there has been allot of Cable, Telco and Broadband companies now bankrupt. The Government can undercut any other business in it's market with such advantages.
CEO's salaries are voted by a board and approved by the stock holders. They pay someone like Jeffrey Immelt, the CEO of GE, all that money because he is a genius when it comes to business. GE generates over $15 Billion dollars in earnings. There stock is highly recommended in any portfolio. And someone who doesn't understand a free market system would say what you did. Jeffrey Immelt salary for one year was close to 4 million, and under his watch the business took in $15 billion in earnings. His salary is only 2% of the total earnings. Sounds fair to me!
Who the hell are we to tell a business what they feel is the fair price for the service. If you can do it cheaper and better than why aren't you in business? Why? Because you take no action in life and instead complain about everyone else's business. Verizon, Comcast, AT&T, or whoever sets there prices based on there business plan. Smart shoppers research before they buy and your market drives your prices.
If I am the only person with apples in your town I can set my price. Someone else comes in and may set the price the same as my apples but may have a juicier apple. Or under cut me if his production cost is low enough too. No one is going to under cut there own cost. Except Sony and the PS3, which there stock has taken a hit for that. But Sony has deep pockets and the old PS2 slim is still selling at a good profit margin. And soon a price war will being with the Xbox 360 cutting it's price. That's how real American businesses work you commies.
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"Always in the Need for Speed." | |
JTRockville
Data Ho
Premium,MVM
join:2002-01-28
Rockville, MD
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| Perhaps you should research the different vehicles municipal systems use for funding. They're not all funded the same way.
Do you use the USPS? Have they put UPS, FedEx, or DHL out of business yet?
Do you use public schools? Have they put private schools out of business yet?
Private enterprise failures cost taxpayers money too, but taxpayers don't share the profit if they're successful.
Who's trying to set the price of private service anyway? Private companies are always free to gouge customers whatever the market will bear, whether or not there is a municipal system in place. The gouging has gone on for so long, people would like an alternative, and in many places we're willing to build it ourselves.
Don't like it? Then don't move to an area with a municipal system. But there are plenty of others who will come when it's built, so I doubt you'll be missed. | |
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