Profit is what’s left after costs. Cost is labor plus material.
Second part of your response, no, take out profit cause that’s not the definition…then yes.
Yes, there is cost in everything. Risk vs reward.
No need to redefine profit. Just understand all the dynamics it entails.
Yes, you can eliminate profits. You can also redistribute profits to the labor, or customer. I’m not asking, this happens now.
ok you just said profit is whats left after costs. how is that not more?
around and around we go. i know im just talking to some communist professor in your past at this point.
eliminate profits
redistribute others people shit.
no thanks. i want to have something left after my costs.
It is more than what was needed.
lol, never went to college and I don’t agree with all communist principles, nor socialism, or capitalism. I’m very objective, pragmatic.
Incorrect, you are not redistributing “other people’s shit”. The “other people” are stealing or exploiting for personal gain…also known as greed or more than what is necessary.
You will have something, it’s calculated in the costs. If there is more left over, lower your price, or give back equally to all the labor that actually produces for you.
Now I understand where you are hung up. You want yours. We all do. And you will get yours, just on a proof of work standard.
I can tell I’m talking to someone significantly younger than me and inexperienced, so I will dial back my condescension.
where i am hung up is that you are making no sense. profits are good. having more than you need is good. producing more than your costs is good. having a need does not mean that someone else is obligated to fulfill it.
the only people you are convincing that profits are bad are people with no profits that feel entitled to the profits of others.
Just keep pondering it. I wasn’t convinced with my first confrontation with it. Keep asking questions.
I’ve been in charge of a lot and a little, for whatever it’s worth. For profit is unsustainable.
Just so you know, again, I’m not asking. I have personally run a profit sharing company, as well as a traditional capitalistic company. I’m retired at a pretty early age, don’t want to work, don’t need to acquire more. I’m content with letting others pick fruit while I enjoy life.
