>
> --- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@> wrote:
> >
> > shempmcgurk wrote:
> >
> > >--- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@>
wrote:
> > >
> > >
> > >>shempmcgurk wrote:
> [...]
> > >Exxon made a profit of $36 billion last year on sales of $328
> > >billion. That's about 11 cents profit on each dollar of
> > >revenue...hardly a "windfall".
> > >
> > >So under which circumstances, Bhairitu, would your windfall
> profits
> > >tax kick in???
> > >
> > >
> > >
> > Another thing: in business an 11% return on your investment
would
> be
> > considered good nowadays. There is a simple rule in business
that
> if
> > you can't make any more money on your investment than just
leaving
> it in
> > a bank it isn't worth doing.
> >
>
> And retail profit isn't the same as return on investment.
I tried to tell him that very thing and he told me I was wrong.
> Large
> grocery stores only make 1% profit on the goods they sell.
However,
> their turnover of inventory is weekly.
>
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