Say Anything Blog

It’s about par for products of government schools run by goonion members.

It’s not like that profit is just going to buy yachts for fat cats.  It given back to SHAREHOLDERS, people like ME, who are just trying to save up for a modest retirement for my wife and I.  But since most people don’t save squat for their futures, they think the money just disappears down a hole.

What scares me is the possibility that, when I retire, social security will be gone and I will be a member of a very small minority who have saved enough to be secure.  Then the majority will just decide I’ve got it too good and they’ll repeal the Roth IRA and slap a big fat tax on captial gains.  Then my years of saving will have meant nothing and I’ll be eating Alpo like everybody else.

The question to be asked is what kind of profit margin do these people think is appropriate.  (Net of taxes).

Phrase the question like, a company sells one million dollars of product.  How much should they make after taxes?

1.  $1,000,000
2.  $750,000
3.  $500,000 to $749,000
4.  $250,000 to $499,000
5.  $150,000 to $250,000
6.  $149,000 and less.

Of course nearly all businesses make less than 15%.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

This is just a casual observation with no scientific basis, but I have noticed that the people who tend to complain the most are also the ones who have the worse habits related to personal money management.

I wonder if the Pew Research Center, a notoriously left-leaning organization, asked those surveyed if they thought that the companies whose shares they hold in their own IRA and 401k accounts were making “too much money.”

Better yet, maybe they ought to have asked if their respondents even owned any stocks.

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

Bat One,

My guess is that they will tell you that thay can not afford to invest.

Take that for what it is worth.

Of course nearly all businesses make less than 15%.

And that goes down, usually, as the businesses get bigger.  Huge corporations like Exxon and Wal-Mart can survive on much slimmer profit margins thanks to larger sales volume.

But people still look at those large numbers and have an arbitrary knee-jerk reaction of “that’s too much,” even if that large profit number only represents a narrow profit margin.

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

Mickey,

My guess is that you are exactly right.

Sad that in so many different ways, we are increasingly unwilling to sacrifice today for any sort of hopeful vision of tomorrow.  In view of those who say “they can not afford to invest,” consider how we are told that all those illegal immigrants who have sneaked across our southern border are here to do the menial jobs that Americans refuse to do.  Yet we are also told how many billions of dollars are sent back to family in Mexico by those doing those same menial, low-paying jobs here.

Apparently, those Pew respondents must regard a flat panel HD TV as more important than a 401-K or a college fund for the kids.  Care to guess who they voted for in the last presidential election?

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

People who “can’t afford” to invest or save for their retirement are usually people who can afford a new car every year.  And weekends out clubbing.  And new home entertainment systems.

As someone who started his retirement fund when he was still making minimum wage washing cars, everyone can afford to save something.

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

I think Walmarts net profit margin is around 2%.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

FWIW, my bosses bosses bosses bosses bosses bosses bosses bosses boss made 16 million last year.

I helped him earn it, and got an 8k bonus for my efforts.

Am i complaining?  Now a whit.

[Feet make good soup!]

I suspect that people on YOUR level just may have made away with more than 16 million collectively.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

People complained that Exxon’s CEO got a yearly salary bigger than some other country’s GDP (or something absurd like that), but whose to complain?  That guy led his country to record-breaking profits.  He did his job well, and he was paid well for it.

Believe it or not, not just anyone can run a company like that.

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

By the way this same study showed that Exxon has a far more favorable public image than the President or Congress.  In fact add the approval rating of those two and you’ll get a number pretty close to Exxons.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.