What company? There are only two people involved in the scenario I just described. There is me, and there is the employee I hire. I buy 100 nuts and 100 bolts. I employ a worker to attach each nut to a bolt. When he is all done, who owns the assembled nuts and bolts.
Pay attention now: When YOU PAY a contractor to build a fence, does the contractor own the fence or do you? I may not have been clear that this means you paid the contractor up front for the job. You own the fence already. He's just transferring YOUR money, using it to pay for the materials and the labor.
Semantics. But if it makes you feel better I'll say it's stealing. How about that? http://www.merriam-webster.com/dictionary/stealing?show=0&t=1391999875
Okay, so the worker doesn't own the assembled nuts and bolts. So, as we can see, a worker who assembles components owned by an employer does not magically come to own the resulting assembled components. So why would you say that a worker who assembles ipod components owned by his employer ought to own the resulting assembled item?
Well, I always knew libertarians are confused. Does a thief use the money he steals from you to build roads, pay police and firefighters and buy guns for the military? Nope. Guess your tax/theft analogy fails miserably. Wait. What? How so? What economics classes have you taken? Sounds like your teacher messed up badly. That's one source. Okay I get it now. This is just lazy trolling.
In that case, ownership has been transferred from the contractor's company to your company. Legally, neither does the employer. As I said, the company owns them. Only through the company.
I suggest you google tacit consent. Are laws against murder voluntary? Try murdering someone. See what happens. (*)(*)(*)(*)ing oppressive government taking away our right to murder people.
If it's a S corporation or LLC it has a separate tax ID and ownership of the nut & bold, if it's a sole proprietorship you just attach your work expenses and income as a schedule C to your own return. It's your bolt & nut; your taxes; you are the company.
So why would you have said earlier that the workers should own the assembled ipods, when you have just now said that it is the company that is the rightful owner?
Are you unaware of the concept of sole proprietorships? I, as a sole proprietor, buy 100 nuts and 100 bolts. I employ a worker to attach a nut to each bolt. After he is done, who owns the resulting nuts and bolts? Me, the sole proprietor, or the worker?
A sole proprietorship? If you have one tax ID, you are the company. You're not Bill Jones, you're not Jones Siding you're tax ID 23-123-4567. You want to establish a separate legal entity, form that entity and apply for a separate tax ID. Until you do and sell that bolt to your new entity, you own it and you get the pay the taxes on your asset.
In a sole proprietorship, there is no legal distinction between the owner and the business. So, yes, I, the sole proprietor, would own the assembled nuts and bolts. The workers would not own the assembled nuts and bolts. So why would you have said earlier that a worker should become the owner?
The only other ways that a government can get revenue is to own a business or to constantly borrow money. Since borrowing money inherently means you have to pay that money back, a government would one day run out of lenders. Since I am a supporter of having as little government ownership of business as possible, I would not support using government-owned business as a revenue-generating enterprise.
That's a legal entity. You're dealt with in the name of the company, which is a legal entity. If you drop dead, your relations to it can be transferred to someone else.
I don't think that's true. I believe the value of a dollar actually comes from the fact that the government guarantees it as a private debt extinguisher. Well,....that and the practical convenience paper money has over something like gold for instance. And the fact it can be exchanged for certain government services. And unless something goes horribly wrong, the government most likely is not going to come to your house and take all your gold coins just because you don't have any paper money to pay your taxes with. And chances are that if you're that poor, you wont even be needing to pay taxes in the first place...
You're wrong. There is no legal distinction between a proprietorship and the owner. But nevertheless, whether the business is a proprietorship, a partnership, or a corporation, the business is the owner of the nuts and bolts prior to the worker assembling them, and the business is the owner of the nuts and bolts after the worker assembles them. So why would you say that the worker ought to own them?
Its value comes from its government backed guarantee as a private debt extinguisher. And the fact it can be exchanged for certain government services.
No you're dealt with by your tax ID. If you drop dead, your wife get's your car too that doesn't mean the car was a separate legal entity. If you want the company to be a separate legal entity, you need to establish it as as such. And that's not a trivial decision, you'll be accepting a lot of overhead to maintain that separate entity that depending on what you're doing may not be worth it.