I have a choice between owning my own business or having a job. In my own business, I’d be on call 24 hrs/day, 7 days a week. When I go on vacation, I make NOTHING, but have to continue to pay my employees. I’ve seen the schedule C of people doing exactly what I’d be doing. I’d take 2-5 years to break even, and I would be unlikely to reach my present after tax income for at least 10 years. At age 45, with a family to support, I don’t think it’s a good idea to take that kind of risk. I would be ineligible for certain investments and benefits to which I have had access in both my present position and my previous position. Yeah, I could sell the practice when I retire, but most physicians do not retire, they keep working until they drop–I wonder why?
Investments are important, but you need to have capital to invest. From where is that to come? From payday loans lender? From work! And how does that capital earn income? From other people’s work. My investments lost about 17% of their value in the last 18 months. Thank goodness for the “job”. And if it weren’t for people wanting to work at jobs, businesses couldn’t function. So don’t be so quick to bash jobs.
Of capitalism, Abraham Lincoln said, “Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”