Torpedoing Himself

Dan Price had a good thing going. He had a million dollar business going great guns until one day he decided to “torpedo himself.” He set all his employees, including himself, a salary of $70,000.00 a year. Which, of course, made everybody happy—except for the people who were already making almost as much because their talents and abilities rated it. But especially the janitors and other floor-sweepers who had NO talents or abilities and were sorely challenged to be able to keep THAT job. He lowered his own million dollar salary to help finance it. Some of his better employees, who were already making that much, quit and went elsewhere, where their talents and abilities were appreciated. The lower-talented employees, of course, gleefully stayed on, collecting their inflated salaries and “Lording it over” their friends, who didn't make nearly as much, thus losing those friends.

Within three months, Price had to rent out his own house to make his own ends meet, and then he began to see the ignorance of his action. Pretty soon his friends were avoiding him because they didn't want to associate with someone so stupid. Soon his business was failing, and he admitted his critics, including Rush Limbaugh, were right. But it was too late. He couldn't lower salaries back to where they had been, because the employees now regarded it as “their due,” whether they were smart or talented enough to rate it, or not. So now he owned a failing business, had many bills he couldn't pay, and his customers were leaving, because there was no incentive for his employees to give real customer service. END of a profitable business through stupidity. That's socialism/collectivism. (Conservatives United)