I hold similar views to the speaker. While studying economics I understand the theory behind low taxes on the wealthy but they seem to not incorporate economical environments. There must lie a point, which varies among circumstances, that those with high levels of wealth no longer efficiently improve the economy with increased capital. Diminishing returns on wealth. While the rich are more able to invest and innovate at an expensive level, the middle class still contributes and in greater numbers. The middle class is also the largest group of consumers, which is indeed the building blocks of business. The upper class consumes as well, but they can potentially consume products that are extravagant and more wasteful than most. I am interested in a ratio breakdown by economic class of how much they invest and consume, or in the case of this video employee, as part of their income.
I still support business ethics like that of Henry Ford
"It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages."
"There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible."
Great words from a man who ensured his workers made enough money to afford his products!
Before the PS3 everyone was nice to me :(
