A simple truth; the purpose of business is to make money

[Dikhaut]

Not all businesses are legal. During Prohibition, the bad guys broke the law and got wealthy. Would they have done so sans the profits?

Let’s leave the Kennedys out of this. After all, another one of them is running for President. I doubt his anti vax platform will get him far but he is polling surprisingly well against Biden.


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[Hugh MacD]

Re: A simple truth; the purpose of business is to make money

It will catch up to us.

It already has. Look at the infrastructure, education system and housing crisis in this country.

[David G]

Re: A simple truth; the purpose of business is to make money

It already has. Look at the infrastructure, education system and housing crisis in this country.

Indeed. Tax cuts (and various other favors) for the already wealthy is toxic except for some specific circumstances... which the US is nowhere approaching. And those tax cuts have led to the Acton Dictum... which only accelerates the degradation.

[soap94]

Re: A simple truth; the purpose of business is to make money

I agree if there is a workaround - why would you use this loophole? Also sometime companies need to spend money on different apps and tools to optimize business cycle and processes. A good example is a tool sharedcontacts.com which allows you to store and share contacts internally in the most efficient way. If you have this difficulty in your firm - highly recommend it.

[sandtown]

Re: A simple truth; the purpose of business is to make money

If there's money to be made, someone will do it.

No one is "entitled" to profit from such activities as peddling disease pathogens, human trafficking, and producing AR-15s.

There is nothing "normal", or "to be expected", or inevitable about those things.

There are few or no assault rifles in Oz.

[John Smith]

Re: A simple truth; the purpose of business is to make money

No one is "entitled" to profit from such activities as peddling disease pathogens, human trafficking, and producing AR-15s.

There is nothing "normal", or "to be expected", or inevitable about those things.

There are few or no assault rifles in Oz.

Yes, one is entitled to profit from legal activities. We ended Prohibition because it didn't work well. Sadly we didn't learn from that experience.

60 Minutes last night had an interesting piece about defense contractors. Apparently this began under Reagan where they let one company make all of one plane or weapon system. Then there was no competition, and the private companies makings these things could charge whatever they wished, and if the plane needed repair, only one company was able to make the repair.

Bottom line is this is costing the taxpayers one hell of a lot of money. But the businesses are making bigger and bigger profits.

[Scary Borg Craft]

Re: A simple truth; the purpose of business is to make money

60 Minutes last night had an interesting piece about defense contractors. Apparently this began under Reagan where they let one company make all of one plane or weapon system. Then there was no competition, and the private companies makings these things could charge whatever they wished, and if the plane needed repair, only one company was able to make the repair.

Bottom line is this is costing the taxpayers one hell of a lot of money. But the businesses are making bigger and bigger profits.

60 mins made a special about something that has been obvious since RayGun? Do they consider the American public are so uninformed to have not noticed, or am I crediting some people for having more intelligence?

[sandtown]

Re: A simple truth; the purpose of business is to make money

60 Minutes last night had an interesting piece about defense contractors. Apparently this began under Reagan where they let one company make all of one plane or weapon system. Then there was no competition, and the private companies makings these things could charge whatever they wished, and if the plane needed repair, only one company was able to make the repair. .

Jeff Sachs agrees with you, and challenges the Bilge narrative on Ukr at the same time . .

https://www.laprogressive.com/economic-equality/endless-u-s-wars?utm_source=LA+Progressive+NEW&utm_campaign=8ff30458dd-LAP+News+--+%288%29+18+NOVEMBER+2022_COPY_01&utm_medium=email&utm_term=0_61288e16ef-8ff30458dd-287073744&ct=t(EMAIL_CAMPAIGN_11_17_2022_10_46_COPY_01)&mc_cid=8ff30458dd&mc_eid=f1f2ef99d2

[John Smith]

Re: A simple truth; the purpose of business is to make money

60 mins made a special about something that has been obvious since RayGun? Do they consider the American public are so uninformed to have not noticed, or am I crediting some people for having more intelligence?

You'd have to ask 60 minutes. They reported a trend that BEGAN under Reagan and has reached a point where we spend far too much because there's no competition. I suspect most people who pay any attention realize the military pays higher prices than it should, but, perhaps, don't understand why that is.

Private companies rip off the military because they can. This trend was kicked off by Reagan, but it's grown worse.

[Dikhaut]

Jeff Sachs agrees with you, and challenges the Bilge narrative on Ukr at the same time . .

https://www.laprogressive.com/econom...eid=f1f2ef99d2

On 60 minutes they reported that the problems began in the early 90s. Reagan left office in 1988. They weren’t specific. Could have been Bush or Clinton in the early 90s. Since 60 minutes leans so hard to the left I assumed it was under Clinton. If it was Bush I’m sure they would have worked in his name and his party.


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[David G]

Re: A simple truth; the purpose of business is to make money

"The great wealth of nations lies not in their gold or silver, but in their learning, wisdom, and in their living according to their laws." – John Locke

[johnw]

Re: A simple truth; the purpose of business is to make money

Tax policy is not my area of expertise. But even I am cringing at the preponderance of bad information being passed along as fact, or just assumed and used in a question as an embedded presupposition.

One example - anywhere in the thread where it says tax increases get passed directly on to consumers... you can safely ignore anything else the person says.

That's because taxes SOMETIMES get passed directly thru, but not always. Not even mostly, iirc. The 'incidence' - or what portion of a tax increase falls on the consumer vs. the producing firm - depends on price 'elasticity'.

For more... look up those two terms. For now, consider cigarettes. Since they're addictive, consumers have been shown to be willing to accept almost 100% of any price increase. So any tax increase lands on them. Other products... the % is reversed. And every mix in the middle.

The big change since 1950 has been the shift from corporate taxes and excise taxes to payroll taxes.



So, instead of taxing the management function of the corporation or the consumption of excise taxed goods, we tax labor. Because apparently, working is the behavior we wish to penalize.

[Gavra Meads]

While charitable organizations aim to fulfill their missions rather than generate profits, they still require funds to cover expenses and pay salaries. These funds typically come from donations, grants, and other sources of income. However, it's important to note that the primary purpose of charitable organizations is not to accumulate wealth but to address social, humanitarian, or environmental needs.

In the realm of business-to-business (B2B) operations, data enrichment plays a crucial role in enhancing the quality and effectiveness of marketing and sales efforts. B2B data enrichment involves gathering additional information about companies, such as firmographics, technographic, and contact details, and augmenting existing data to create a more comprehensive view of target businesses.

By leveraging B2B data enrichment techniques, companies can gain valuable insights into their target market, identify key decision-makers, and personalize their marketing messages. Enriched data allows businesses to better understand customer needs, pain points, and preferences, enabling them to tailor their offerings and effectively position themselves in the market.

[George.]

I am so glad we now have to prove we are human to keep the bots out.

[John Smith]

Charities provide necessary help where profit is unlikely. That said, Charities still have expenses: salaries, building heating, office supplies, etc. and so on.