Constitutional Libertarianism

Constitutional Libertarianism

Tuesday, September 8, 2009

A profit at any expense, or none at all

This article covers a lot more than just constitutional government. It covers expectations and economic 'rights' as well.

Where is it in the Constitution that it says a business owner is entitled to or has a right to make a set profit percentage or the business is not viable? There is none. It's not even implied.

Why not? Because the framers of the Constitution believed that operating one's own business was one's own risk. Risk entails more than how much money one throws at it. It also concerns how much personal investment, meaning, the time and effort you put into it. The depth of interaction between yourself as the business owner and the people who agree to work for you.

Nowhere does it say that so long as one puts a certain amount of money into it, they will be guaranteed a minimum profit level. You're on your own there.

Interestingly enough though, a tremendous number of 'investors' and corporate owners believe and operate in exactly that manner. As if they are entitled to a minimum profit level and anything below that must be absorbed and handled by someone else, be it the workers or the the quality of the product or even by the government itself in terms of 'assistance ( read "bailout").

Always, always, always, they make sure the 'profit' is seen to before anything else and then expenses are handled from the rest of the pool.

"Well, we covered our financial interest, now how to pay the bills? How about we fire 20 people and use other parts made for practically nothing in another country?"

I'm sure that's how many people envision the American business operations discussion happening.

A message to American business owners and investors, You are NOT entitled to a profit, you are NOT entitled to being "rich" and you are NOT entitled to having someone else pay your bills when you have grossly mismanaged your business.

The American government should NOT be propping up businesses that practice these vulture-like habits and is only encouraging the not effective practice and mindset of 'entitlement' whether held by poor people who think govt should pay their bills or by wealthy people who think govt should cover their assets.

As an American, you have the right to life, Liberty and the pursuit of happiness. After that, the government needs to stop trying to make people dependent.