General Discussion
In reply to the discussion: Why would a business owner expand and hire if he/she can't make more money? [View all]peabody
(445 posts)and I can understand that. But from my point of view most things, unlike the iPhone, can
be easily done by other people. If a window maker decided he wanted to stop making more
windows because he's capped out at his profits then there would be other window makers to
pick up the slack. Yes, there'll probably be no iPhone makers to take up the excess demand
but people going without iPhones would be better than having a system where the wealth
gets overly concentrated with one company or one person. We could have it so that
excess profits from one year can be carried over into future years when the
company didn't hit its cap.
The argument--or more like the threat--that production would cease is similar to the threat
that if corporations didn't pay CEO's their exorbitant salaries then they wouldn't have good
people managing their companies. For once, I would like to see their bluff get called.
My guess is that there'll be a ton of people willing to run these companies for less and do just
as well or better. Same with production: it won't stop as long as there is demand for it.