Do you believe that "Profit" is just sanctioned "Theft"?


I'm a firm believer that profit equals theft. Sure, people may want profit as an incentive to keep on doing what they are doing, but that's on the seller end, not the consumers. To the consumer, paying anything more for something than what it's worth in materials and labor to produce is synonomous to being stolen or taken benefit of via the extortinary method of not having any other choice for obtaining said product. It's like have to pay jacked up gas prices because life kinnda forces you to need gas. Life extorts. Extortian is kinnda close to blackmail. Blackmail and exhortion are wrong! So profit ='s theft and extortion most of the time. It's a bad thing. Now, one piece this opinion based question is not asking is whether or not you believe profit is "necessary", or a essential evil. There's no doubt that some companies and some people get a much bigger slice of the profit than they deserve though... I simply wanted to know other peoples opinions, because it is my opinion that even if profit is crucial it's still a form of theft... Besides, if a man has to steal something for his family to be paid sure they have the money to eat etc and he considers that theft essential, society would still punish him... so necessaity doesn't always equate to "what is right"... So far I’ve receive two answers referring to the necessity of profit and one talking about a companies overhead, which I should enjoy mentioned, I admit I forgot to, but it’s what I was driving at when I did mention the materials it takes to produce something. Let it be specified I meant labor, parts, overhead, rent, property taxes, retirement packages, and insurance… the whole boat. Even with those things to wage for we are still over-charged. I do not believe that profit represents the cost of labor either because of the way the profit is distributed… the lackeys get minimum wage. A company might charge Wal-mart X amount to purchase something from them and the company make a decent profit, then walmart sells it and doubles the price and it make a profit… ultimately the consumer is paying 10 dollars for something that cost 50 cents in aluminum to actually make and it isn’t adjectives going to overhead and wages…
Best Answer:
i think prices are a bit too high. but does that mean that territory should be free?
have u ever owned a business. how do u think a company invest in investigational equipment and supplies or give people raises or repairs things in need profit to do it
You've heard I'm sure about the incentive angle. It's a bit overdone but there is a solid core of truth surrounded by it. Economic systems are a means of organizing goods and the consumers of those produce. On one end of the scale is a caveman existence where hunter gatherers ravage the topography in a ceaseless attempt to survive yet another day. This is THE most dangerous means of existence possible. It's often romanticized but of all the species sent into extinction by mankind the beyond measure majority were destroyed by hunter gatherers. Natives in North America managed to waste off just about every voluminous mammal on the continent for example. South America same thing. Europe saw the extinction of most large mammals before Europe made it into the bronze age. The rate of extinctions slowed down dramatically next to the introduction of domesticated food animals and agriculture. It is a life with little leisure time. A short unyielding life. Technology could not be maintained if we reverted back to such a natural life. Nor could one in a million survive, the land just could not provide ample food. Land utilization is massive for hunter gatherer socieites. They require vast tracks of land to despoil in directive to exist. The next step up from hunter gatherer society is a barter system. Each trades what goods and services they can provide for what goods and services they have need of. This produces wealth and disparities far greater than systems that use monetary exchange. Certain items are always in constraint greater than others. This type of economic system has consistantly led to Feudal and Caste systems every time it's be tried on a large scale all through history. Unlike surrounded by a monetary system there is no way to avenge your fate. You are born near what you are born with and locked into a life which allows rare exceptions. There is a inhibit to resources and with current population densities all those resources would be claimed on day one. With monetary systems the stack of wealth can change anyone's status. It is an abstraction of the barter system that allows one to provide services and goods at any time to some extent than on a one on one basis. Thus needs are satisfied as they arise fairly than when a mutual need finally arrives. In the end all barter systems devolve into aristocracies as those next to the most valuable services trade upon those services just as cruel as the worst examples of robber barons. To combat such inequities peoples over and over again developed monetary systems to allow the free exchange of merchandise not tied to ineffiiecent need + need exchanges. If John the Carpenter needs food he no longer necessitate wait until somebody requires carpentry work in writ to obtain food. People who need carpentry work no long needed to continue until they had something John the Carpenter needed. Instead they had money of some sort. This allowed John to be hired as needed and for John to save money to buy essentials during times here were no work and for John to purchase goods/services from people who did not need joinery work. Monetary systems quickly developed into capitalism. This is a system where people are empower by the money they can earn. Until this point skill at combat was the only means of empower a person. Whether it was leadership which attracted those moral in war or personal ability contained by combat. Until capitalism arrived the most valuable service was the ability protect/kill. Money changed that. Money also allowed those of any social direct to move up or down according to ability, luck and skill. Often forms of government and or social orders blocked social mobility. It took years of struggle to break down caste and feudal structures. A new system of social bartering was introduced beside Marx's writings. It still has the same fatal flaw as ancient barter systems. The inability to move up or down according to one's own desire and necessitate. Socialism replaces personal empowerment through wealth with a rigid beaucracy. A sort of gigantic popularity contest. Instead of birth, people are locked into roles/jobs by the edict of a small number of beaurocrats. This creates the same sort of excesses and abuses of power affluence does but concentrates it in an even smaller group of people. The administrators who choose who get to be musicians, atheletes, or whatever else a society may value such as astronaughts or scientists have power far greater than the wealthiest of the flourishing in a capitalist society. The individual is damned to kissing the feet of the powerful and a ruthlessness that makes the jungle of the business world appear tame. Society itself is set to endless proxy wars contained by battles for resources as every wheel must be as squeaky as it can be to compete for the limited resources and compensate for the inability to turn around the system and create it's own solutions to problems. The more socialist a system the more concentrated the power becomes. In the end it devolves back to a Feudalistic type system as those near the
In some cases extreme profit could be classified as some sort of theft. But contained by most cases the profit represents the work put into a product by the seller. Profit is a necessary part of the monetary system because it represents a surplus of money. So profit can be theft, but whether it is fair or not, it is necessary for the discount.
Profit is the incentive to innovate. You may like riding horses, but I prefer my vehicle. You may like leeches, but I prefer modern medicine. You may prefer famine, but I prefer a steady flow of produce. You may prefer huts, but I prefer modern homes next to all the modern technology. You prefer communism, I prefer free markets.
Get your point, however "profiteering" is more like it. When companies make enormous profits surrounded by hard times and time of war above & beyond what is customary , could call it pilfering of sorts. Usury is a word not used enough to describe unfair profit . It adjectives comes down to "maximizing profit" which is a code word for greed.