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re: Why does the word "profit" have a negative connotation?
Posted on 8/18/14 at 8:55 am to JEAUXBLEAUX
Posted on 8/18/14 at 8:55 am to JEAUXBLEAUX
quote:
I have no beef with Walmart.
Alot of liberal/progressives do, yet they ignore the overall benefits that Walmart provides to the very people they try to pander to. It's quite ironic. They try to make poor people hate the very entity that is helping them the most! A cheap goods provider.
quote:
The beef is when companies switch from the US to say Malaysia so that their labor costs are cut tremendously.
Again there are 2 sides of the story. You could say how dare Nike take advantage of cheap labor in undeveloped countries, all while charging $200 for a shoe that cost $1 to make.
I could say, those people in that undeveloped country wouldn't have ANY means for income if Nike wasn't providing them with jobs. Sure 10 cents/hr sounds like exploitation to us, but to them that's being able to eat for a week. Otherwise they would have to try their hand at finding a job or food in an otherwise undeveloped area, which I'm sure doesn't have that many offerings for employment.
Also, what would you have Nike do? Move manufacturing to the U.S. where they would undoubtedly pay minimum wage for an unskilled factory job, then receive the same backlash, yet have smaller margins, have investors in an uproar, causing their stock to plummet, all while causing them to increase the price of that shoe to $300, and then they are crucified for having minimum wage employees make a $300 shoe! It's a lose lose for them. Might as well take the cheapest labor.
Again, which is it?
0
Posted on 8/18/14 at 9:25 am to HailHailtoMichigan!
It doesnt
Posted on 8/18/14 at 9:28 am to SpidermanTUba
quote:
It doesnt
100% correct.
When wall st does well under a Dem prez and then its back to wall st greed on the backs of the poor under a repub.
Posted on 8/18/14 at 9:33 am to goatmilker
quote:
When wall st does well under a Dem prez and then its back to wall st greed on the backs of the poor under a repub.
Wall St. typically doesn't do well under Republicans, so don't worry about that.
quote:LINK /
The average monthly return under Democrats was 0.73 percent versus 0.38 percent for Republicans, and Democrats posted an average yearly return of 15.31 percent against 5.47 percent for their political counterparts.
I love profit myself. September November December = profit months for me, as that's when the rent from our duplex begins to exceed annual cost.
This post was edited on 8/18/14 at 9:40 am
Posted on 8/18/14 at 9:41 am to SpidermanTUba
The media narrative will change under a republican prez.
Case in point.
Homelessness. Has it ended since BHO became prez? I ask because it seems its a secret like injuries in the NFL. Are numbers up....down? Are blacks more affected? Women and children suffering more?
More concerned about the returns for people with horses TBH.
Case in point.
Homelessness. Has it ended since BHO became prez? I ask because it seems its a secret like injuries in the NFL. Are numbers up....down? Are blacks more affected? Women and children suffering more?
quote:
The average monthly return under Democrats was 0.73 percent versus 0.38 percent for Republicans
More concerned about the returns for people with horses TBH.
Posted on 8/18/14 at 10:31 am to SpidermanTUba
quote:
I love profit myself. September November December = profit months for me, as that's when the rent from our duplex begins to exceed annual cost.
How dare you profit at the expense of others. If you were truly compassionate you would donate that housing to some of those homeless under the interstate instead of vouching for them on an internet message board. You greedy white devil you.
Am I doing it right?
Posted on 8/18/14 at 10:37 am to HailHailtoMichigan!
quote:
When one complains about profit, he or she can immediately be dismissed as economically illiterate.
This is pretty much SOP from my perspective.
Posted on 8/18/14 at 10:41 am to rintintin
quote:
How dare you profit at the expense of others.
Why do you attach a negative connotation to profit?
quote:
If you were truly compassionate you would donate that housing to some of those homeless under the interstate instead of vouching for them on an internet message board.
How many homeless people live in your house?
Posted on 8/18/14 at 11:18 am to SpidermanTUba
quote:
Why do you attach a negative connotation to profit?
Cuz you're charging more than you actually need. That's exploitation buddy. Taking advantage of others
quote:
How many homeless people live in your house?
I wasn't the one vouching for them last week now was I?
Posted on 8/18/14 at 11:32 am to UGATiger26
quote:... and drugs, and sex, and bj's. The idea that wealth implies a character evaluation is a fallacy.
People will do F'd up things to make a buck.
Posted on 8/18/14 at 11:33 am to JEAUXBLEAUX
quote:Would you pay $100 for a gallon of milk?
The beef is when companies switch from the US to say Malaysia so that their labor costs are cut tremendously.
Posted on 8/18/14 at 11:34 am to HailHailtoMichigan!
easy, the last 100 years, ditch diggers and want to be intellectuals have been preaching to anyone who will listen that profit comes at the expense of someone's well being, rights, and livelihood.
"profiting off of the work of others, the misery of others, the exploitation of others...and it just keeps going"
no one every works hard, sells a good or service and makes a profit...that shite just doesn't happen and if they do...evil fricking pigs
"profiting off of the work of others, the misery of others, the exploitation of others...and it just keeps going"
no one every works hard, sells a good or service and makes a profit...that shite just doesn't happen and if they do...evil fricking pigs
This post was edited on 8/18/14 at 11:36 am
Posted on 8/18/14 at 11:36 am to HailHailtoMichigan!
I think it's a vestige of the denigration of the word 'usury.' The history of this term explains a lot about the hatred of Jews. The idea of making money without physical labor ...bankers, traders. Class warfare goes back 1,000s of years.
Adam Smith is a newcomer in historical terms.
Adam Smith is a newcomer in historical terms.
Posted on 8/18/14 at 11:44 am to DelU249
quote:THis has always puzzled me. I have employees. And their "profit" on their labor is 100% of their salary (less what government takes). It doesn't cost them $0.01 to come to work every day. Why don't we consider them greedy? (not suggesting we should)
"profiting off of the work of others, the misery of others, the exploitation of others...and it just keeps going"
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