cliff in East Lake Colorado list and am 760 in denver had cliff
you wanted to disagree with me it says here the yeah
i dont good go for it are
you okay so men are always right so here I am someone has their convenience store
and they employ
3 people and say they just may be a delay on seven dollars an hour
Ryan amo three people work 100000 we combine
Ryan so that's a thirty three hundred dollars a month yeah
right when a hundred other curator three dollars so you take up term
know some mac os payroll small businesses now jumped
a twelve hundred dollars a month Ryan so
his in business not to a a
to to satisfy government or two are a
to make other people what is a business-like or capitalist control
yourself to your cap for strikes you set up businesses
I'm not a capitalist I'm an entrepreneur there's a difference
I don't I don't make a living only the three Apple reforms to cut the three
phones couple is money
human mage and equipment and physical capital so few
set up for any business you you are cap system you have to form have some
almost by your definition not by my definition where is it that was what
happens if you read milt freemen
yeah right but I II go back Mario Fannin on for
ok backpack black guy who's just now taken a lawsuit rock on the dollars a
month house response to recoup
what your your for small your promise is
that the guy who's running this convenience store
seven dollars an hour he's paying wages that that his principal
goal is to make money on if thats
that's all well and good but the reality is that he is
operating a business when you operate a business
in the United States or anywhere in the world for that matter donned but
typically
you are given special treatment under tax laws
and you're given limitations of liability
under under Cooper charter laws you get a whole lotta benefits from the
government
the reason why We the People give
businesspeople like me or like that 711 guy
give them benefits is because the
the the presumption is that bike conducting business we will do something
that will accrue benefit to society
now if you're running a business in a way that doesn't benefit society
you should not be running their business whatcha guys love this guy's a
legitimate business
and if you can just ask the question his now taken the last twelve hundred
dollars a month
you need another if these if he's if he cannot run his business
in a way that benefit society if you cannot run his business
and pay reasonable wage then he's got a lousy business model
and he doesn't deserve to know if it's it has paid minimum wage which is a
legal way the moment is quite within his rights to that
that's correct or your business or else business what it does
so it will actually it is my business and it is your business were part of the
society he's participating
he's using the infrastructure that we're paying for justice to the defense of
lust for you
you believe that either II pretty good for business and you can you put a
capital F arrest
and you and you gonna create jobs and and great a
opportunities for that person's family know all the sudden
your payrolls got twelve hundred dollars a month house you gonna get that back
that's the first time I've Asha
I don't post get that money back there's a there's a whole variety of ways that
you can do that when you when you increase people's wages and and i've
been oh I've done that with his radio show the people that are working with me
right now are making a whole lot more than the people who start out with me
back when Rama started out with a way back in the day I me at first two years
I took no pay it all in and my the earliest employees we're working for
very very little
and at you know over time you pew few changer business model as as as
opportunities become
impossible I would say that this guy should either take less pay himself
or cut way back on other expenses what one raises prices and as a whole variety
of things he can do
but the fact of the matter is shut up at the post I'll try to filibuster if you
actually want to answer your question please put the cap if
if you actually want an answer to your question robust remy is not going to get
it for you
if this guy actually wants to be in business
and the minimum wage law has gone up
he's not the only person affected by all of his peers are affected by it so
everybody is going to have to adjust their business models
and and feet up to the reality I mean look around right now
everybody has adjusted their business models to to accommodate the minimum
wage
in fact I would say that Walmart and McDonalds have
ever adjusted their business model to it could do not only accommodate the
minimum wage
but to accommodate the the the welfare reforms in the in the late 90's so that
now we
are supporting their employees I think that's a lousy business model to
back to you cliff nice and I either said before I guess I was a holdover
you I think she imparted you down cuz you wouldn't stop talking about
was trying to get a word in but anyway I'm the point is that if you set up a
business
a contrary to people like mister Obama who
has never run a business last year's kinda no idea what historian
a you are you going to business to make money and
capitalism is the only form of economic activity that we know of
today there could be something else down the line back and drag people from
very meager means and and in fact that's simply not true
all.com that's absolutely true but let's assume we're not sure how ever you never
heard of cooperatives
what Warren Buffett go look up on their gone in Spain
it they're doing they're doing fifty billion dollars a year in business
they're not capitalises its cost a couple is now they're owned by their
employees
you to understand the meaning of capital some you're thinking Asus monitor
ok its biggest cash capitalism is not discuss not
I'm saying that he my definition of capitalism differs from Milton
Friedman's apparently my definition of capitalism
or capitalist is a person who lives of capital
as opposed to Cairo true true captain the reel to reel understand that people
tomorrow
this reforms human energy physical capital and Marseille
everyone knows everyone is starting an economics most fastest
how free Mon I'm familiar with that model but I ate
for purposes you know for example for the purposes of our tax code
I don't get to say oh I'm only going to you know when I take a pay check out in
this company
I pay up to 39 percent i picking up his
I don't have the luxury the iran has the same well I'll pay a maximum of 20
percent
because I'm taking capital ISO and it just doesn't work