Is profit different from unfair tax?

[Kidlicious]

Originally posted by Flubber




That one made me laugh-- people with degrees make on avergae way way more than folks without one but I guess I'll take your word for it that people aren't compeensated for education

Actually a degree doesn't really pay you anything. When you include the costs involved including the work it takes and the opportunity cost (lost wages). You do get paid a premium however when you are trained in a specialized area where there is a shortage. You don't just get paid for being educated though.

Originally posted by Flubber
Oh and in Calgary an articling lawyer at a big firm makes about 60K while a 4th year associate makes around 100K . They are both expected to bill a similar number of hours and bonuses are possible but the 4th years bills at a higher rate since the market rates value experience . people pay a higher hourlu rate for a more experienced lawyer so how doesn't the market directly compensate for experience again ??

I'm not disagreeing with you here, but do you agree that you should be compensated for any experience that you have?

[Kidlicious]

Originally posted by Berzerker
My initial response was making a point to Kid (I assume he's reading side-debates).

When I have time.

[Kidlicious]

Originally posted by JohnT


Merely because you haven't the slightest idea what a CEO or other executives bring to a company?

They organize production. They are comparable to the planners in the new system. A system where the decision makers compensate themselves so highly is corrupt any way you look at it. This wont do. I won't support such a system, communist or capitalist.

[Kidlicious]

Originally posted by PLATO
Profit is a return on RISK. This is a very simple but highly accurate definition.

It is a simple definition for sure, however it is not accurate. You are simply looking at it from a business perspective instead of the employees perspective.

The question is who's property is being risked. If I don't work then how can I risk losing the benefits of my work? I can't, but I can steal something and then risk it. Then of course I'm not the rightfull owner of the benefits.

[Kidlicious]

Originally posted by Mordoch

Its a really bad definition. Basicly Kid is trying to completely ignore the fact that owners often put a huge amount of work into their company.

You missed my discussion with MtG about the owner/manager. I suggest you go back a few pages.

[Kidlicious]

Originally posted by Velociryx
I'm still waiting for someone, ANYONE from the Red camp to answer the "nanny" question.

Are you guys so afraid of having to be personally accountable for your success or failure? So frightened of having to be responsible for your own future that you're willing to sign your life away to the state? Do you really believe that most people are so inept that they cannot decide what's best for themselves....themselves?

Mystifying.

-=Vel=-

People can and do make the best decisions for themselves, and I'm glad that you agree. The problem is that they suffer in the current system even though they have made the best decision for themself. Reason: exploitation and class conflict.

[Kidlicious]

Originally posted by skywalker


YOU ARE WRONG

This time you put the super caps at the bottom of your post, but I still didn't read it.

[Kidlicious]

Originally posted by David Floyd
But how would the concept of rent reduce freedom? Going back to Vel's example, you are VOLUNTARILY agreeing to give Vel 1 units per day, in exchange for the ability to produce 9 extra units per day for yourself.

Again with the freedom to make the best decision available. How am I free if the best decision to make results in my own exploitation?

[Japher]

People can and do make the best decisions for themselves, and I'm glad that you agree. The problem is that they suffer in the current system even though they have made the best decision for themself. Reason: exploitation and class conflict.

Being accountable for your actions does not mean "making your own decision" or "not suffering"... It means not blaming lack of success on "exploitation" or "class conflict". Those are not reasons they are just excuses. You ask "who oppressed me?!" when you should be asking "who helped me?" and "why did I fail?"...

Remember: whenever you point a finger at someone else there are three more pointing right back at you

[Kidlicious]

Originally posted by Velociryx
"But if I owned it, I wouldn't be subject to such constraints."

That's very true, and there's nothing stoping you from making your own.

There is a little thing called money that we are all talking about.

[Kidlicious]

Originally posted by Japher


Being accountable for your actions does not mean "making your own decision" or "not suffering"... It means not blaming lack of success on "exploitation" or "class conflict". Those are not reasons they are just excuses. You ask "who oppressed me?!" when you should be asking "who helped me?" and "why did I fail?"...

Remember: whenever you point a finger at someone else there are three more pointing right back at you

You have totally missed my point. Responsible, rational people go broke.

[Japher]

I know Kid, just giving you greif.

I totally disagree with your communist propoganda, but it makes you more humane than me. I wish you great success in all you do, but if your goal of financial freedom is never obtained don't go blaming us "greedy" people for playing the game at hand.

Also, rational people go broke because of bad decissions or "acts of god" not because of the underlying economic principles decided to rip them off.

[JohnT]

Originally posted by Kidicious


They organize production. They are comparable to the planners in the new system. A system where the decision makers compensate themselves so highly is corrupt any way you look at it. This wont do. I won't support such a system, communist or capitalist.

But why in Gods name should or would I take on the responsibility and burden of ensuring that I make the payrolls that families depend upon for a mere $75,000 a year? Shiite, might as well be a worker-bee making $25,000/year moving sacks of potatos from one side of the warehouse to the other if that's all I'm going to get compensated for the sleepless nights, the headaches, the worry.

And no, I am looking at it and a system in which the decision makers and risk takers compensate themselves as high as they do in the US is not corrupt - it's incentivizing. But thanks for trying!

[Imran Siddiqui]

Hit the buzzer, John... Kid has got the wrong answer again .

[Arrian]

MUST STOP LOOKING AT THE TRAIN WRECK. MUST STOP...

-Arrian