profit and greed are not mutually exclusive. However, the ones getting more greedy than the execs making 200 Million year are the goverments that tax income and profits.
In round numbers, between the goverments at the state, federal and sometimes local level, "the govt" become a 50% partner in many busness with none of the risk, investment or sweat that the business owner puts in. add what the fed takes in income tax %, both ends of FICA (which is a tax) state income taxes, and city or county income taxes (there are places this exists) and a small businessman gives up half or more of his profits to goverment.
Corporate entities that pay the huge salaries that they do are actually an anonomly in the grand scheme. I mean this because the majority of business in this country is small business.(under 500 employees) Small business creates more jobs, more personal wealth for more individuals than "big busniess".
unfortunately, they also pay dearly for the privilege of being in business.
Like the cost of gas, we bitch about the oil companies (Big Oil) yet based on investment, the Federal Govt makes far higher profits off of gas and oil that the oil companies could ever dream about (with no onvestment or risk) yet no one complains about the excess profits of the govt.
which brings me to my question; what would be your definition of excess profits?
be carefull!!!!
Last edited by Brian; 10/23/08 12:10 AM.
