Panera Bread's Socialist 'Pay What You Want' Experiment Fails Miserably

Discussion in 'Politics' started by Tsing Tao, Feb 14, 2019.

  1. Tsing Tao

    Tsing Tao

    Ah, I agree with that statement completely.
     
    #11     Feb 14, 2019
  2. gwb-trading

    gwb-trading

    Most of the "Pay what you can" restaurants in the Raleigh-Durham area are associated with ministries that include campaigns for people to donate money to support the mission.

    None of these restaurants make money. All of them would go out of business if their ministry cash stream was cut. Less than than 10% of their patrons leave money.

    Effectively they are food banks with a restaurant atmosphere and serving hot meals.

    While these "Pay what you can" restaurants serve a noble social purpose as charitable entities they are not viable businesses.
     
    #12     Feb 14, 2019
  3. Tsing Tao

    Tsing Tao

    And it is important to realize that a government model of socialism will also lead to the same problem. As Mrs. Thatcher once said "The problem with Socialism is that you eventually run out of someone else's money."
     
    #13     Feb 14, 2019
  4. piezoe

    piezoe

    The problem with socialism, as with all other "-isms," is misunderstanding promulgated by simple catch phrases used to promote personal agendas, too often picked up and repeated by the poorly informed. All modern economies are mixed economies. The private sector manages some thing better than government, and vice versa. The goal should be to have both good government and a good mix .
     
    #14     Feb 14, 2019
    Tsing Tao and RedDuke like this.
  5. gwb-trading

    gwb-trading

    Here is a good example for government to work from.... the best run town in Georgia.

     
    #15     Feb 14, 2019
    piezoe likes this.
  6. gwb-trading

    gwb-trading

     
    #16     Feb 14, 2019
  7. Maybe the IRS can try out a "pay what you want" experimental programs just to get that old socialist ball rolling.
     
    #17     Feb 14, 2019
    CaptainObvious and Tsing Tao like this.
  8. Tsing Tao

    Tsing Tao

    Love it! Let's see how that one works.
     
    #18     Feb 15, 2019