1372
submitted 10 months ago by spaduf@slrpnk.net to c/news@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] LemmysMum@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

Do you have a dictionary?

If so, why have you confused revenue with profit?

Profit is the stolen excess after all the shareholders, workers, suppliers and producers have been paid their fair share. If you want to argue that they aren't being paid a fair share then why is there a profit margin?

[-] chiliedogg@lemmy.world 0 points 10 months ago

Revenue is income. Profit is income minus expenses. Without ANY profit there no motivation to operateva business.

[-] LemmysMum@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

Getting paid a multimillion dollar salary is 'not motivation' to run companies like Google and Sony? Huh, could have fooled me. You do know wages are expenses right? Including those of the owners and ceo's and board, right?

You're not so stupid as to not know what the definition of profit is in the dictionary, right? You can look it up instead of continuing to be wrong you know.

[-] chiliedogg@lemmy.world 1 points 10 months ago

Let's say you have an idea for a product that will change the world, but you have no capability to produce it because you'd need access to hundreds of workers and billions' worth of machinery?

Even supposing you want to be paid nothing for your invention, how do you get it made?

You have to have someone else partner with you to do it. But why should they? If nobody is allowed to profit, then there's no business reason for an existing company to innovate or change.

[-] LemmysMum@lemmy.world 1 points 10 months ago

Congratulations you didn't pick up the dictionary and you're still wrong.

[-] chiliedogg@lemmy.world 1 points 10 months ago

What official dictionary says profit is theft?

Profit is money that is kept by shareholders. That money is effectively their wage. If you buy a portion of a company, you normally don't receive a wage.

Do you have a retirement or a savings account? Do you consider yourself a thief?

[-] LemmysMum@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

You really should pick up that dictionary before you continue being wrong about the definition of profit.

You can keep coming back and being wrong or you can actually read the definition.

Profit is money that is kept by shareholders. That money is effectively their wage. If you buy a portion of a company, you normally don't receive a wage

All this? Wrong. You have no clue what the word profit means. And learn how dividends are paid. Open a dictionary for the love of knowledge. Stop being a willfully ignorant cuck to your own ego.

[-] chiliedogg@lemmy.world 0 points 10 months ago

From the Oxford English Dictionary:

"A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something"

There's nothing about theft or any of the other nonsense you're talking about. And dividends, salaries, and stock trades are 3 very different ways of making money from a business.

Profit is income that is greater then expenses and is the property of the business and/or its stakeholders. Profit can be used to pay dividends, be reinvested in the company, can be used as collateral, or added to the value of a company (sometimes represented through increased stock values).

[-] LemmysMum@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

You didn't copy the whole definition. You need to know the whole thing to know the whole thing.

Here try a real dictionary:

https://dictionary.cambridge.org/dictionary/english/profit

this post was submitted on 15 Dec 2023
1372 points (99.2% liked)

News

23252 readers
3695 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS