Nor you mine.
On Wednesday, February 22, 2012 3:55:26 PM UTC-5, studio wrote:
>
> On Feb 20, 2:08 pm, JDR <[email protected]> wrote: 
> > I am interested in what discussion may come from the following 
> > economic scenarios: 
> > First, a good or service is offered, which is purchased by a 
> > consumer.  What is an acceptable amount of "profit" that should be 
> > made?  Should there be any limit to what the "seller" can make? 
>
> Depends on the scenario of the sale... of which, there could be many 
> scenarios... 
> i.e. what if the seller was the manufacturer of a patented item that 
> was in high demand... but he purposely limited production so he could 
> only sell to rich people for a higher profit margin? 
> But let me back-up a second; you're assuming they will make a sale, 
> and a profit... 
> might you wonder why there are so many non-profit organizations around 
> already? 
>
> > If someone can produce a good or service for say $1 and sell it for 
> > $1,000 - is that okay? 
>
> It's ok with me if they don't want to make any, or limited sales. 
> But it wouldn't be ok with me if it's something all/many people needed 
> to have. 
> i.e. a flu shot, gasoline, food, medicine, etc etc. 
>
> > If it is not, then what would be an acceptable 
> > amount of "profit"?  Let's use percent, rather than any specific 
> > dollar amount - so they we can talk about any scenario, not just the 
> > example I listed.  For example, a 50% profit would mean having sold 
> > the item for $1.50 
>
> 50-100% markup is typical. But again, it depends on what it is and how 
> much effort/skill goes into it. 
>
> > The next question then is what should happen to the profit?  I am 
> > talking profit, after all expenses are paid for, beyond funds needed 
> > to keep the business running.  How should the profit be split up - or 
> > - redistributed/ or not?  Again, let's talk numbers (percentages) 
> > here, not political rantings.  For example, should 100% stay with the 
> > owner?  Should it be split amongst all who work for the "company or 
> > ownership"?  If so, who should get what? 
>
> Depends on how much labor goes into making the product, how hard the 
> product is to sell, and how much effort the owner put into 
> manufacturing the product... 
> i.e. it might be an easy product to get funding for... but it might 
> require great skill and/or care by labor to manufacture, or much time 
> to sell... or just the opposite or variation. 
>
> > Remember, if we stick to using percentages, what we answer to question 
> > 1 shouldn't impact our thoughts/answers on question 2.  Some might 
> > feel differently about $1mil in profits vs. $10 in profits - but by 
> > using percentage, it's the same difference.  Percentage should level 
> > the playing field. 
> > 
> > Lastly, we shouldn't need to note our political leanings here, just 
> > numbers.  I feel that by using numbers (something we should all be 
> > able to agree on -not necessarily the final number, but just what a 
> > number is - a value) maybe we can come closer to finding agreement or 
> > compromise....vs using words to keep us divided. 
>
> Just numbers can be misleading and open to interpretation of what 
> those numbers mean. 
> i.e. If you say; good news! only 40% of babies died this year ... 
> because their parents couldn't afford the 1000% markup on a patented 
> vaccine the baby needed to survive. 
>
> So is it 40% of ALL babies, or 40% of babies that make-up 10% of 
> babies that needed a particular vaccine, or is it 99% of of all 
> parents who bought the patented vaccine are now bankrupt? 
>
> But if it were your baby, it wouldn't matter what the percentage was, 
> you might want to kill the bastards for shutting you out of the market 
> and murdering your baby. 
> --- 
> Greg from Boston wrote: 
> > The real question is who do you want to enforce the numbers? 
>
> Not you Greg. 
>
> > And apparently a tough question 
>
> No it was the easiest one so far. 
>
> And thanks for not answering the questions.

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