Editorial note: the content below is unedited. Only format changes have been made to the content to improve readability. This post does not necessarily reflect my own personal views, but those of the credited author. Normally I write everything posted here, but on rare occasions, I've seen fit to make an exception and publish the (properly credited) work of another writer. This happens to be one of those rare occasions...a very pleasant surprise, written and submitted for your consideration by a friend. My friend (and fellow author) Frank Boccia is a very interesting man. His book The Crouching Beast was firsthand account of the Battle in the AShau Valley for Dong Ap Bia -- more popularly known as "Hamburger Hill". Frank's work received rave reviews from the most important critics one can possibly encounter -- people who "have been there" and lived through the experience the writer has attempted to describe. His critics unanimously agreed -- Frank is a great writer with the uncanny ability of being able to put the reader in his shoes. And now without further ado, these are Frank's thoughts on rationalism. I am a rationalist. I was born that way; it's the way my brain is wired. Being a rationalist does not imply that one necessarily has one belief system rather than another. It is simply how we see and evaluate the world. We see cause and effect, in linear paths. But that is all: My father was a thorough rationalist; a man whose occupation involved the formulation of the theories of statistical economics. He was also a devout Roman Catholic to the end … [Read more...]
An experiment in wealth redistribution
Dan Price apparently had the best of intentions. He wanted his employees to stop worrying about petty problems like their mortgages and car payments, so Dan one day called a company meeting and announced that going forward, everyone would receive the same pay. Even his own salary would be slashed from seven figures all the way down to $70,000 -- the arbitrary "minimum" (and maximum) wage for every employee of Gravity Payments. Now everyone should be happy, right? What could possibly go wrong? Well...everything. First, Dan's two best employees quit. “He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump,” said former Gravity financial manager Maisey McMaster. When she complained, Price called her selfish and naturally, she resigned. Web designer Grant Moran observed, "Now the people who were just clocking in and out were making the same as me,” and he also quit. Then Dan's big brother filed a lawsuit against him that may bankrupt the company. However, "We don't have the margin of error to pay those legal fees," Dan told the New York Times. Well, Shazam! Apparently it never occurred to Mr. Price that there might be some blowback to his plan to redistribute the wealth of the company's investors by ludicrously increasing their salary expenses. This story should become the classic case study that illustrates the value of capitalism and a free market system. It would be easier to feel sorry for Mr. Price -- he's renting out his house, no longer … [Read more...]