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re: Fundamentally Speaking, are There Any Industries That Should Be Not For Profit?

Posted on 2/24/19 at 12:53 pm to
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 2/24/19 at 12:53 pm to
quote:

I never said the government should run them. Just that profits shouldn't be made.


You have to be a troll right? This can’t be real.
Posted by roadGator
Member since Feb 2009
154558 posts
Posted on 2/24/19 at 12:54 pm to
quote:

Healthcare is expensive because of insurance companies


Nope. Try again.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295513 posts
Posted on 2/24/19 at 12:54 pm to
Attorneys.
Posted by Antonio Moss
The South
Member since Mar 2006
49053 posts
Posted on 2/24/19 at 12:54 pm to
quote:

I'm well aware that's how it works



Clearly you are not:


quote:

You dont understand what not for profit means. They would charge just enough to cover overhead and nothing more. Pay for labor and materials and real estate costs
Posted by AggieDub14
Oil Baron
Member since Oct 2015
15078 posts
Posted on 2/24/19 at 12:56 pm to
Research and Development is an overhead cost. Investing back into the company is research and development.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73123 posts
Posted on 2/24/19 at 12:56 pm to
quote:

If you think labor is paid out of profit,
INVESTORS ARE NOT LABOR YOU frickING MORON.

INVESTORS GET PAID WHATEVER IS LEFT AFTER LABOR, MATERIAL COSTS, OVERHEAD, ETC....aka profit.

THAT IS THE ENTIRE POINT OF INVESTMENT IN THE FIRST PLACE YOU RETARD
Posted by Antonio Moss
The South
Member since Mar 2006
49053 posts
Posted on 2/24/19 at 12:57 pm to
quote:

Investing back into the company is research and development.


You believe all reinvestment is R&D?



Posted by More&Les
Member since Nov 2012
14684 posts
Posted on 2/24/19 at 12:57 pm to
Government, and it needs to be greatly limited without lifetime appointments our career employees. Plus term limits
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8577 posts
Posted on 2/24/19 at 12:58 pm to
In what economic context is it smart to eliminate profit motive for rivalrous and excludable goods?
Posted by SlapahoeTribe
Tiger Nation
Member since Jul 2012
12441 posts
Posted on 2/24/19 at 1:01 pm to
quote:

In what economic context is it smart to eliminate profit motive for rivalrous and excludable goods?


Communism.
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 2/24/19 at 1:01 pm to
It should be noted that R&D is driven completely by the desire for a profit. People don’t INVEST in R&D for funnsies. They do it because they want to make money. That’s called human nature and it’s the reason why socialism/Marxism/communism has never and will never work. Those systems attempt to completely deny human nature at its most basic. There’s a reason why nearly every innovation in aerospace/computers/healthcare etc.... has come from the United States or from some other capitalist country. Capitalism USES human nature to grow and progress as opposed to stifling and trying to deny its existence.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 2/24/19 at 1:03 pm to
Naive ignorance.

There are no non profits. There are simply organizations we do not tax that we call non profit.

Name one---any one organization that does not depend on revenue for it's existence.
Posted by NYNolaguy1
Member since May 2011
21692 posts
Posted on 2/24/19 at 1:04 pm to
quote:

Private military contractors are still subject to the rules of engagement per their contract.


Sure, but perhaps you didnt know that non military members are not subject to UCMJ? Also that the liklihood of a US attorney prosecuting a foriegn crime is close to nil.
Posted by Antonio Moss
The South
Member since Mar 2006
49053 posts
Posted on 2/24/19 at 1:06 pm to
quote:

Sure, but perhaps you didnt know that non military members are not subject to UCMJ?


Yes, that is irrelevant. I’m not subject to California law but if I contract to identical terms as California law, then I’m am subject to the contract.

Do you really believe the US government contracts with private defense firms with no agreed upon rules?

(Excluding the CIA of course)


quote:

Also that the liklihood of a US attorney prosecuting a foriegn crime is close to nil.


It would not be prosecution. It’s civil.
This post was edited on 2/24/19 at 1:07 pm
Posted by TeLeFaWx
Dallas, TX
Member since Aug 2011
29311 posts
Posted on 2/24/19 at 1:09 pm to
quote:

This is not true. Profit is what the company makes after paying its people. People who work for non profits still draw a salary. Please dont do this BS. I'm asking a serious question here.


And a serious answer is that without a profit motive, costs aren’t driven down and those savings are not passed on to the consumer. Again go to my food example. If Wall Street couldn’t make a profit in agriculture, the cost to produce our food would be drastically higher.
Posted by NYNolaguy1
Member since May 2011
21692 posts
Posted on 2/24/19 at 1:11 pm to
quote:

It would not be prosecution. It’s civil.


Exactly my point-perhaps we are talking past each other here.

My point is that defense contractors (think Academi, Blackwater, etc) are usually subject to very little criminal liability or accountability. Who would have guessed that could lead to problems?
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 2/24/19 at 1:13 pm to
quote:

My point is that defense contractors (think Academi, Blackwater, etc) are usually subject to very little criminal liability or accountability. Who would have guessed that could lead to problems?
Blackwater lost a billion dollar contract for the actions of their contractors. Basically proving that profit motives leads to a better and less expensive product.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295513 posts
Posted on 2/24/19 at 1:16 pm to
quote:

You do not understand the difference between Revenue, labor costs, and profit.


You don't understand what a non profit is.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295513 posts
Posted on 2/24/19 at 1:17 pm to
quote:

If you think labor is paid out of profit, you're an idiot. Labor is paid out of revenue.


God you're stupid
Posted by NYNolaguy1
Member since May 2011
21692 posts
Posted on 2/24/19 at 1:18 pm to
quote:

Blackwater lost a billion dollar contract for the actions of their contractors. Basically proving that profit motives leads to a better and less expensive product.


I think the bigger takeaway here is that very little personal accountability leads to pisspoor performance. BTW Blackwater just changed names and still works with the US govt.
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