tag:blogger.com,1999:blog-22117033.post2872415262376330896..comments2024-01-15T20:15:13.053-08:00Comments on Saberpoint: "People Before Profits": Why That Slogan Is Pure IdiocyStogiehttp://www.blogger.com/profile/05852841950131130696noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-22117033.post-84600931261670620482011-11-01T13:02:03.105-07:002011-11-01T13:02:03.105-07:00The wages the baker pays herself is a COST to her ...<i> The wages the baker pays herself is a COST to her business.</i><br /><br />This isn't true if the baker is a sole proprietor; it can be true if the baker is a corporation; but even so, profit must be great enough to cover that cost or the business fails.<br /><br /><i>The moral question (at least to some) is the amount of profit a company should be allowed to make. Profit, per se, is not in and of itself morally objectionable to most people; it is the amount of profit a business makes AND what is then done with those profits that irks some people.</i><br /><br />Making a great profit is not immoral, except to the ignorant and the jealous. A great profit indicates a great value that has been added to the economy; confiscation of that profit is theft, and punishes those who add great value to society. Is it immoral for a business to make great losses? Profits are not guaranteed, and those who would steal the profits through excessive taxation and anti-capitalist philosophies are not required to fund the losses of less successful businesses. No one has, or should have, the right to regulate the amount of profit a successful entrepreneur can make. If they did, perhaps Apple would not have made so many great products.Stogiehttps://www.blogger.com/profile/05852841950131130696noreply@blogger.comtag:blogger.com,1999:blog-22117033.post-10347644989587846502011-11-01T11:45:55.524-07:002011-11-01T11:45:55.524-07:00Whilst I agre with your conclusion your reasoning ...Whilst I agre with your conclusion your reasoning is a little flawed. Profit is what is left after ALL costs have been taken into account. The wages the baker pays herself is a COST to her business. Profits allow the baker to invest in new plant (machinery) and also provides the business with working capital so she can buy materials, pay fixed costs etc before she can reap a return o the investment when she sells her pies. Profit is vital to any business. The moral question (at least to some) is the amount of profit a company should be allowed to make. Profit, per se, is not in and of itself morally objectionable to most people; it is the amount of profit a business makes AND what is then done with those profits that irks some people.Anonymousnoreply@blogger.com