General Discussion

unblock

(56,201 posts)

25. well, that ignores any "value add" that you bring to the table.

Tue Jul 3, 2012, 02:54 PM

Jul 2012

if all you're doing is trading, then there's some validity to that.

but to whatever extent you add value, it's legitimate to get a profit from that.

though, of course, that's an excuse you can drive a truck through. every ultra-rich person in the world insists that they earned it all by adding crazy value.

the flip side is that if one person end up with gazillions of dollars, that's a pretty compelling argument that they're not sharing reasonably with other constituents, even if they're all paid the "going" rate. it suggests that the one guy is profiteering from the fact that the suppliers and workers haven't yet realized just how valuable they are.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

43 replies

= new reply since forum marked as read

Highlight:

what's clearest term to distinguish businesses that actually make things and provide services and... [View all] yurbud Jul 2012 OP

One set are manufacturers and the other are financial institutions? sinkingfeeling Jul 2012 #1

Entreprener vs rateyes Jul 2012 #2

couldn't an entrepreneur be a financier as well? yurbud Jul 2012 #8

I think you hit it.... Wounded Bear Jul 2012 #3

Easy - Creators and vultures - in that order. HopeHoops Jul 2012 #4

I like that except the financiers have already claimed they are job "creators" yurbud Jul 2012 #10

Producers vs Vampire Squids... PoliticAverse Jul 2012 #5

+1 IDemo Jul 2012 #16

Structural vs. "Jenga" or parasitic. Arctic Dave Jul 2012 #6

I suppose the term "money changers" would work. Liberal Veteran Jul 2012 #7

that got an anti-Semitic rap somewhere along the way yurbud Jul 2012 #14

perhaps "non-profit"? unblock Jul 2012 #9

at one point, the gov't had to figure out difference between legit multilevel marketing and pyramid yurbud Jul 2012 #11

I make money without screwing anybody except perhaps myself. I don't make much, lol. kestrel91316 Jul 2012 #12

what do you do? yurbud Jul 2012 #13

Veterinarian - feline-exclusive practice kestrel91316 Jul 2012 #15

so when the Red Cross calls, you can tell them you gave blood at the office yurbud Jul 2012 #18

You got it! kestrel91316 Jul 2012 #24

it's a bit like white privilege / male privilege, etc. kinda hard to avoid it even if you're trying unblock Jul 2012 #17

I once heard you can't make a profit unless you buy things and people for LESS than they are worth yurbud Jul 2012 #21

well, that ignores any "value add" that you bring to the table. unblock Jul 2012 #25

profit could still be beyond the "value added" yurbud Jul 2012 #26

exactly, and that's the problem. it's a half-truth that profit is earned. unblock Jul 2012 #30

while cheating can enrich one person at the expense of another BOG PERSON Jul 2012 #35

How about "tangible businesses" vs. "financial parasites"? ProgressiveEconomist Jul 2012 #19

that's pretty good. yurbud Jul 2012 #22

And how to differentiate jobs that actually produce something from executives that are bonused postulater Jul 2012 #20

your mom is right. yurbud Jul 2012 #27

And how ironic that she's the life-long Republican postulater Jul 2012 #32

Isn't it interesting ... 1StrongBlackMan Jul 2012 #29

I've been using "free enterprise" to describe actual producers hifiguy Jul 2012 #23

How about ... 1StrongBlackMan Jul 2012 #28

"Rentiers" could be the term you want. PETRUS Jul 2012 #31

I believe this to be accurate Populist_Prole Jul 2012 #40

I believe the proper term is arbitrage vs. every other kind of business slackmaster Jul 2012 #33

it's not so easy to distinguish b/w finance capital and industrial capital BOG PERSON Jul 2012 #34

that is the problem: the financial sector has become a cancer that has infected real businesses yurbud Jul 2012 #37

i guess BOG PERSON Jul 2012 #39

Leeches? Honeycombe8 Jul 2012 #36

Producers vs. Conjurers? Iris Jul 2012 #38

Hosts vs parasites Tom Ripley Jul 2012 #41

Distinctions SoDesuKa Jul 2012 #42

How about this: if you invest in helping family and businesses succeed, you're a good banker... yurbud Jul 2012 #43