What is your take on the concept of "extreme" profits?
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plethora (
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October 6th, 2011
Apple earned $12 Bil last year. Is this an extreme profit? That amount never seems extreme when taken from the hands of workers and placed in the hands of government. Why might it be considered extreme when earned by a business? Is the” whole concept of “extreme” profits a dangerous concept? Is there some magic amount of earnings above which businesses should be mandated to donate to charity? How do you see this issue?
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5 Answers
Personally I think that people should be disproportionally rewarded for kicking ass in business, that and the fact that with the trillions that are being thrown around Washington make it seem like chump change. As long as you earn it through business and without coercion I don’t see the problem.
As long as you earn it through business and without coercion I don’t see the problem.
^ that.
George Soros’ net worth jumped from approximately $8 to $22 billion last year according to Forbes. They should go after him before Apple, he made more money after all.
If a company or Soros earns its money honestly then it should keep it.
On cans of tuna, there is a little symbol that says whether it is dolphin-safe.
How about a label on companies whose CEO’s don’t make more than, say, 40 times the average company worker? This chart of CEO salaries by country gave me the idea on that number. Something like CEO-Safe.
I don’t really buy into the concept of extreme profits. There are business cycles and some businesses have cycles with a much higher amplitude than others. I think that if a business breaks the law in making their profits, then they shouldn’t be allowed to keep them. However if they follow the law, then all businesses should be treated the same as the others and should not be singled out for isolated tax treatment. As long as they are all treated equally by the rules, whatever they make is fine.
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