Economic Education: Get Some!

And of course what you say really has nothing to do with the issue currently being discussed.

Owners typically have a different attitude then people who have no ownership. Plain and simple.

Just out of curiosity, how does one manage to acquire rental properties in that amount and own a fleet of semis? I know it’s possible, but I’m genuinely curious. The rental units especially because that can be very lucrative and supplement the income from my current employer.

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Typically, yes. But, does that make it right?

Experience means everything in the real world Professor Ravioli.

Save money and start purchasing properties.

We started with foreclosures and fixing them ourselves. (My brother in law and I). It helped he was a VP of lending at a large bank. The more properties you buy and own - the more you can leverage to purchase more.

Foreclosures or run-down cheap houses can increase exponentially in value with some hard work and expertise in fixing them up yourself. Then you can use that increased value and your rental income as leverage to borrow and keep going.

My father-in-law ran a medium sized trucking company for 40 years. Had around 50 trucks at his height. Shipped mainly custom boats across the country, agriculture, and road supplies.

I had contacts at the postal office, so we bought his fleet from him and expanded it. We run postal and a lot of LTL and transloading freight. We have a little over 500 trucks now.

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Also good partner(s) you can trust and that are good at business.

Does that make what right? If workers own the business they have a greater stake in seeing the business succeed rather than working hard for someone else. It is a better business arrangement. The workers hire the manager and if they believe the manager hasn’t done a good job, they fire the manager. A complete turn around to the typical arrangement.

Then why don’t they start their own business if they can do it so easily?

For whom? Why would I have a novel idea, the means to start something, all the debt and overhead, and then gift ownership to employees that literally have no skin in the game?

Make that make logical sense.

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it’s Chompsky you plebian

No sir.

For the workers, that’s who. Let them take on the debt and overhead and reap the rewards.

No one said it was easy. They do start their own businesses. Why is this not taught more readily in schools?

Forgive me. Comski

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Then do yourself a favor and read it. It will completely change your view on the “news”.

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It won’t. I don’t consume much news an I’m about as skeptical as they come. I don’t need a communist to explain how people are lying to me for personal gain, I know they are.

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Why when I’ve already done it?

They can go do it if they want.

The thing is most people don’t have the want or ability to put in 100 hours a week to get a business started and the headache of keeping it running.

Why would I do all that and then gift them ownership? That is idiocy.

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When it gets time to sell the business, who would you sell it to? It’s not gifting if you sell it.

It will help to give validity to your assumptions.

Nah. It’s the same as me suggesting you read “Free to Choose” or “Liberty and Tyranny.”

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Many businesses and workers are aware of this. The business offers employees opportunities to purchase stock at a discount. Employees, who are not helpless cripples like some, purchase it and profit.

Up where I used to live they built an Amazon warehouse and started hiring about 1.5 years ago. I just saw in the news they’re having a union vote today. The place just opened, hired these people and in a years time it’s “taking advantage of the workers?” What a bunch of ungrateful scumbags.

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The highest bidder, if I am selling.

Which very rarely will be an employee.

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