Is profit different from unfair tax?

[Kidlicious]

Originally posted by Q Cubed
yeah, 'cept that in a socialist/communist government, to prevent yourself from being ratted on by the neighbor, or to ensure that the wheels of justice turn in your favor, you have to pay, er, bribe the lawyer/policeman. it's a profit for them, mostly 'cause they don't have to do much other than look the other way.

That's not exclusive to communism. It's more related to culture.

[DanielXY]

Read up here all you need to know about profit

http://www.dmwright.com/html/ferengi.htm

[Lefty Scaevola]

Originally posted by Dissident
communists are dum

Yep, some more than others.

[DinoDoc]

I hope none of you people espousing the evils of turning a profit never try and start a company of any sort.

[Kidlicious]

Originally posted by DanielXY
Read up here all you need to know about profit

http://www.dmwright.com/html/ferengi.htm

I like Rule 42: What's mine is mine, and what's yours is mine too.

[yavoon]

seeing "unfair tax" is some obscure qualification of the idea of taxation. and profit is not. I'd say yah they are.

[The Andy-Man]

I spend my money on what I choose.
I have very little choice if the govt. decides i have to pay 70% income tax cos I am earning over a certain amount (something Lefties loved to do in britain in the 60's and 70's)

[The Andy-Man]

anyway, the 'profit' a company makes are the wages of the 'owner' (ie, all the profits a grocery store make are what contribute to the owners well being, his food, mortgage etc), in a big company the profits are a little more complex, but the principle is the same.

[MichaeltheGreat]

Originally posted by Kidicious


If you perform a service than you are paid a wage or salary. That's not profit.

Assuming you work for someone else. I guess your assumption is everyone should work for the state.

And profit has nothing to do with a tax. Or have you never heard of businesses losing money and going out of business?

[MichaeltheGreat]

Originally posted by Kidicious


And the question is that if the value of your service is v, then why aren't you mad because you only get paid p.

1) Because it's a dumbass simplistic equation.

2) Because the "value" of a service is different for different parties in the employer-employee-customer transaction.

[DAVOUT]

Only once, Kidicious should look into an actual balance sheet of an ordinary grocery and compute the increase in net salary that would result of all the profit being allocated to the employees.

[SKILORD]

Originally posted by Kidicious


If you perform a service than you are paid a wage or salary. That's not profit.

WTF?

What is profit then? If profit is not, as I have been taught, money which exceeds your overhead, then what is it?

Were you drunk when you posted this thread?

So, if profit is the money that is added on to allow vendors to be renumerated for their services then what is taxation?

Taxation is the monies seized by the state, or the monies paid to the state in order to maintain services that the state provides.

So taxation and profit are alike only if the company who is making the profit is a large monopoly with armed thugs, maintining their monopolistic status with said thugs. Otherwise profit is a system by which vendors and workers maintain their lifestyles. What light does this shed on the sacred government.

[Kuciwalker]

Originally posted by Dissident
communists are dum

Capitalists, however, can't spell

[Kuciwalker]

Originally posted by Kidicious
And the question is that if the value of your service is v, then why aren't you mad because you only get paid p.

p > v in most cases. When p < v, you just don't sell your service.

Why would you be pissed?

[The Andy-Man]

What is profit then? If profit is not, as I have been taught, money which exceeds your overhead, then what is it?

but those over heads don't include feeding the guys family, or the amount of effort he put in to run a succesfull company