« previous next »
Pages: [1] 2   Go Down

Author Topic: Question: Where does profit come from?  (Read 6146 times)

0 Members and 1 Guest are viewing this topic.

Offline ScubaGuy

  • Hero Member
  • *****
  • Posts: 1199
  • Reputation: +91/-4
Question: Where does profit come from?
« on: July 13, 2008, 02:37:43 PM »
I love threads when the DUmmies try to talk about economics.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3607862#3611930

Hanna Bell and others appear to have an endless supply of stupidity in this one.

Quote
Hannah Bell  (1000+ posts) Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sat Jul-12-08 05:42 PM
Original message
Question: Where does profit come from?
   
Advertisements [?]

Imagine a world with 2 "owners" & 20 "workers".

Imagine each of the owners has $100 to "invest".

Each buys $25 worth of raw materials from the other ($15 "rent" cost, $10 labor cost).

Then each one pays their 10 workers $75 to produce 20 widgets.

Imagine everyone needs some access to a widget to sustain their life.


So, at the end of the production cycle, we have:

20 workers with $170 dollars.

2 owners with $30 in cash & 40 widgets that cost $200 to produce, that they'll now attempt to sell at a profit.

Where does the profit come from?

Serious question.

There are a few posts trying to set Hanna straight but Th1onein get right to the point that Hanna was looking for.
Quote
Th1onein  Donating Member  (1000+ posts) Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sun Jul-13-08 03:18 PM
Response to Original message
97. Profit comes from unpaid labor.
   
Period.



Logged
25 years ago we had Ronald Reagan, Johnny Cash and Bob Hope.  Now we have Obama, no hope and no cash.

Offline Peter3_1

  • Hero Member
  • *****
  • Posts: 1689
  • Reputation: +63/-9
Re: Question: Where does profit come from?
« Reply #1 on: July 13, 2008, 02:56:16 PM »
These guys are nutz, anyone ever tell them that we are not in a closed system? That it is not a zero sum game? Do they have the slighest idea what noney is?
Logged

Online jukin

  • Hero Member
  • *****
  • Posts: 16213
  • Reputation: +2100/-170
Re: Question: Where does profit come from?
« Reply #2 on: July 13, 2008, 03:05:26 PM »
It comes from a completely foreign source to DUchebags,  HARD and SMART WORK.
Logged
When you are the beneficiary of someone’s kindness and generosity, it produces a sense of gratitude and community.

When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.

Offline jtyangel

  • Hero Member
  • *****
  • Posts: 9116
  • Reputation: +497/-110
Re: Question: Where does profit come from?
« Reply #3 on: July 13, 2008, 03:06:56 PM »
So the 'owner' should invest his $100 free of charge? And we should always assume that his costs will be steady and there will be no fluctuation in labor or materials? And if there is he's sol because he has no excess money from the 'good years' to invest in the now increased costs and if widgets become obsolete, he also loses his ass since he has no money for R&D to develop other products or designs and forget about employing processes or machinery since profit isn't allowed. What about excess inventory? Maybe the 'workers' should get docked, just like the 'owner' would if those don't sell since it's a zero sum game.

The problem with a lot of socialists and DUers is that they just have no concept of how a business is run. They see profit and they picture some guy lining his pockets with the excess while his workers earn slave labor. They have no concept that profit is distributed amongst the shareholders ie the owners as a return for using their capital and investing in the company. They seem to have no ability to think out and account for future costs, research and development, marketing, etc. They certainly don't understand economies of scale. Well, that's not true..i've seen a few 'brave' souls there lately trying to correct economic naivity, but they are but a row boat with a bad leak against a riptide of stupidity.

So much stupidity in one post. Painful...terribly painful.  :thatsright:
Logged

Offline DixieBelle

  • Administrator
  • Hero Member
  • *****
  • Posts: 12143
  • Reputation: +512/-49
  • Still looking for my pony.....
Re: Question: Where does profit come from?
« Reply #4 on: July 13, 2008, 03:54:34 PM »
Epic fail DUmmie.
Logged
I can see November 2 from my house!!!

Spread my work ethic, not my wealth.

Forget change, bring back common sense.
-------------------------------------------------

No, my friends, there’s only one really progressive idea. And that is the idea of legally limiting the power of the government. That one genuinely liberal, genuinely progressive idea — the Why in 1776, the How in 1787 — is what needs to be conserved. We need to conserve that fundamentally liberal idea. That is why we are conservatives. --Bill Whittle

Offline MrsSmith

  • Hero Member
  • *****
  • Posts: 5977
  • Reputation: +466/-54
Re: Question: Where does profit come from?
« Reply #5 on: July 13, 2008, 04:06:00 PM »
Quote
Th1onein  Donating Member  (1000+ posts) Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sun Jul-13-08 03:18 PM
Response to Original message
97. Profit comes from unpaid labor.
   
Period.

Without profit, there would be no taxes.  Without taxes, DUmmies would all have to find a way to earn their own "bread."  Then the DUmmies wouldn't be pulling in all those $$ for their NON-labor.
Logged
.
.

Antifa - the only fascists in America today.

Offline Rebel

  • MAGA
  • Administrator
  • Hero Member
  • *****
  • Posts: 16934
  • Reputation: +1384/-215
Re: Question: Where does profit come from?
« Reply #6 on: July 13, 2008, 06:08:14 PM »
Quote from: MrsSmith on July 13, 2008, 04:06:00 PM
Quote
Th1onein  Donating Member  (1000+ posts) Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sun Jul-13-08 03:18 PM
Response to Original message
97. Profit comes from unpaid labor.
   
Period.

Without profit, there would be no taxes.  Without taxes, DUmmies would all have to find a way to earn their own "bread."  Then the DUmmies wouldn't be pulling in all those $$ for their NON-labor.

Without profit, there would be no business. There would be no workers. There would be no tax base. There would be no goods available.

I'm thinking the BrainlessOne bitch should move to Venezuela....but I don't think the moron would fit in there either.
Logged
NAMBLA is a left-wing organization.

Quote
There's a reason why patriotism is considered a conservative value. Watch a Tea Party rally and you'll see people proudly raising the American flag and showing pride in U.S. heroes such as Thomas Jefferson. Watch an OWS rally and you'll see people burning the American flag while showing pride in communist heroes such as Che Guevera. --Bob, from some news site

Offline Miss Mia

  • Hero Member
  • *****
  • Posts: 8052
  • Reputation: +353/-137
Re: Question: Where does profit come from?
« Reply #7 on: July 13, 2008, 07:06:41 PM »
Oh, I saw that thread over there earlier today.  What a maroon.   :whatever:
Logged
Stink Eye
"Bloodninja: It doesn't get any more serious than a Rhinocerus about to charge your ass."

Offline RightCoast

  • Hero Member
  • *****
  • Posts: 3438
  • Reputation: +185/-24
  • Semper Fi means more than most will ever know
Re: Question: Where does profit come from?
« Reply #8 on: July 13, 2008, 07:09:47 PM »
BTW, as a salesperson I LOVE profit.
Logged
nine eleven is a car
nine one one is an emergency service
September 11, 2001 was an attack
Never Forget, or Minimize.

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Question: Where does profit come from?
« Reply #9 on: July 14, 2008, 02:54:53 AM »
I bet reality really sucks when you don't comprehend simple concepts...
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline djones520

  • Hero Member
  • *****
  • Posts: 4207
  • Reputation: +181/-146
Re: Question: Where does profit come from?
« Reply #10 on: July 14, 2008, 02:57:58 AM »
Quote from: Big Don on July 14, 2008, 02:54:53 AM
I bet reality really sucks when you don't comprehend simple concepts...


One would have to know what reality is before it could suck.
Logged
"Chuck Norris once had sex in an 18 wheeler. Some of his semen dripped onto the engine. We now call that truck Optimus Prime."

Offline InfamousAndy

  • Just Off Probation
  • *
  • Posts: 104
  • Reputation: +14/-5
  • The Friendly Christian
Re: Question: Where does profit come from?
« Reply #11 on: July 14, 2008, 07:28:24 AM »
If I remember right, profit results from the intersection of the Marginal Revenue Curve and the Marginal Cost Curve being higher than the Average Cost Curve, AND being higher than the demand curve.  This only results when the market is not perfectly competitive (i.e. there are barriers to entry, non-identical products, few firms, etc).
Logged

Offline JohnnyReb

  • In Memoriam
  • Hero Member
  • *****
  • Posts: 32063
  • Reputation: +1998/-134
Re: Question: Where does profit come from?
« Reply #12 on: July 14, 2008, 08:31:00 AM »
Quote from: InfamousAndy on July 14, 2008, 07:28:24 AM
If I remember right, profit results from the intersection of the Marginal Revenue Curve and the Marginal Cost Curve being higher than the Average Cost Curve, AND being higher than the demand curve.  This only results when the market is not perfectly competitive (i.e. there are barriers to entry, non-identical products, few firms, etc).

HUH?....I thought it only happened was when government taxed evil corporations more.
Logged
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Question: Where does profit come from?
« Reply #13 on: July 14, 2008, 10:18:51 AM »
Quote
...So, at the end of the production cycle, we have:

20 workers with $170 dollars.

2 owners with $30 in cash & 40 widgets that cost $200 to produce, that they'll now attempt to sell at a profit.

Where does the profit come from?

Serious question.

Got news for you, dipshit.  If in MY  company, you cost me $170 dollars to make 1 item with a total production cost of $200, you'd be out on the ****in' street before you could whine "That's not FAIR", and I'd be hiring somebody who could actually do the Job.

My company is not a ****ing JOBS PROGRAM, asshole!  :thatsright:
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline DumbAss Tanker

  • Hero Member
  • *****
  • Posts: 28493
  • Reputation: +1710/-151
Re: Question: Where does profit come from?
« Reply #14 on: July 14, 2008, 10:45:45 AM »
Quote from: ScubaGuy on July 13, 2008, 02:37:43 PM
I love threads when the DUmmies try to talk about economics.

I dunno, it's kind of painful to follow, embarassing if you are cursed with any empathy at all, and impossible to assemble into a logical whole, like listening to not particularly well-educated 8-year-olds trying to explain astrophysics. 
« Last Edit: July 14, 2008, 11:59:21 AM by DumbAss Tanker »
Logged
Go and tell the Spartans, O traveler passing by
That here, obedient to their law, we lie.

Anything worth shooting once is worth shooting at least twice.

Offline Wretched Excess

  • Hero Member
  • *****
  • Posts: 15284
  • Reputation: +485/-84
  • Life, Liberty and the pursuit of Happy Hour
Re: Question: Where does profit come from?
« Reply #15 on: July 14, 2008, 11:01:45 AM »

profit comes from drinking the blood of the poor, of course, and stealing their healthcare, denying them the right to vote,  and throwing old people into the street to be homeless during winter.

econ101 stuff.
Logged

Offline BEG

  • "Mile Marker"
  • Hero Member
  • *****
  • Posts: 17277
  • Reputation: +1062/-301
Re: Question: Where does profit come from?
« Reply #16 on: July 14, 2008, 11:06:49 AM »
Quote from: Wretched Excess on July 14, 2008, 11:01:45 AM

profit comes from drinking the blood of the poor, of course, and stealing their healthcare, denying them the right to vote,  and throwing old people into the street to be homeless during winter.

econ101 stuff.

Amen brotha!
Logged

Offline miskie

  • Mailman for the VRWC
  • Administrator
  • Hero Member
  • *****
  • Posts: 10461
  • Reputation: +1035/-54
  • Make America Great Again. Deport some DUmmies.
Re: Question: Where does profit come from?
« Reply #17 on: July 14, 2008, 12:13:31 PM »
Where does profit come from ?

When mommy investment and daddy productivity love each other very much..    :uhsure:
Logged

Offline Carl

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 19835
  • Reputation: +1616/-100
Re: Question: Where does profit come from?
« Reply #18 on: July 14, 2008, 08:11:34 PM »
Quote from: Big Don on July 14, 2008, 02:54:53 AM
I bet reality really sucks when you don't comprehend simple concepts...


Which perfectly explains why DUmmies are always angry and live in a world of make believe.
Logged

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Question: Where does profit come from?
« Reply #19 on: July 14, 2008, 08:54:59 PM »
Quote from: Wretched Excess on July 14, 2008, 11:01:45 AM

profit comes from drinking the blood of the poor, of course, and stealing their healthcare, denying them the right to vote,  and throwing old people into the street to be homeless during winter.

econ101 stuff.
And wearing black top hats and warm woolen long coats while walking through the winter cold.
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline Wretched Excess

  • Hero Member
  • *****
  • Posts: 15284
  • Reputation: +485/-84
  • Life, Liberty and the pursuit of Happy Hour
Re: Question: Where does profit come from?
« Reply #20 on: July 14, 2008, 10:46:21 PM »
Quote from: freedumb2003 on July 14, 2008, 08:54:59 PM
Quote from: Wretched Excess on July 14, 2008, 11:01:45 AM

profit comes from drinking the blood of the poor, of course, and stealing their healthcare, denying them the right to vote,  and throwing old people into the street to be homeless during winter.

econ101 stuff.
And wearing black top hats and warm woolen long coats while walking through the winter cold.

 . . . on the bodies of orphans.


yeah, that's about it, in a nutshell.
Logged

Offline BlueStateSaint

  • Here I come to save the day, because I'm a
  • Hero Member
  • *****
  • Posts: 32553
  • Reputation: +1560/-191
  • RIP FDNY Lt. Rich Nappi d. 4/16/12
Re: Question: Where does profit come from?
« Reply #21 on: July 15, 2008, 04:39:57 AM »
Quote from: miskie on July 14, 2008, 12:13:31 PM
Where does profit come from ?

When mommy investment and daddy productivity love each other very much..    :uhsure:

 :rotf: :lmao: :rotf: :lmao:

H5!
Logged
"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.

Offline Ralph Wiggum

  • It's unpossible that I'm a
  • Hero Member
  • *****
  • Posts: 19467
  • Reputation: +2542/-49
Re: Question: Where does profit come from?
« Reply #22 on: July 15, 2008, 10:51:33 AM »
Logged
Voted hottest "chick" at CU - My hotness transcends gender

Offline Wineslob

  • Hero Member
  • *****
  • Posts: 14480
  • Reputation: +816/-193
  • Sucking the life out of Liberty
Re: Question: Where does profit come from?
« Reply #23 on: July 15, 2008, 02:21:12 PM »
Quote from: Peter3_1 on July 13, 2008, 02:56:16 PM
These guys are nutz, anyone ever tell them that we are not in a closed system? That it is not a zero sum game? Do they have the slighest idea what noney is?
Stop right there and you have a winnah!  :-)
Logged
“The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance.”

        -- Marcus Tullius Cicero, 55 BC (106-43 BC)

The unobtainable is unknown at Zombo.com



"Practice random violence and senseless acts of brutality"

If you want a gender neutral bathroom, go pee in the forest.

Offline ScubaGuy

  • Hero Member
  • *****
  • Posts: 1199
  • Reputation: +91/-4
Re: Question: Where does profit come from?
« Reply #24 on: July 15, 2008, 02:44:34 PM »
That's the fun part about DUmmie threads like this.

They have no concept of wealth and how it's created.  For them it's all a zero sum game and the only way someone obtains wealth is by "stealing" it from someone else.

Logged
25 years ago we had Ronald Reagan, Johnny Cash and Bob Hope.  Now we have Obama, no hope and no cash.
Pages: [1] 2   Go Up
« previous next »