General Discussion
In reply to the discussion: What does "abolish profit" mean? [View all]lark
(23,091 posts)I understand the impulse to reign in the profits of huge corps, but it's not the profits that are the biggest problem it's the huge outsized pay they give their top person(s) that's devoid of any linkage to how the company actually does. However, you are totally ignoring entrepreneurs. People who flip houses get paid in the profits they create, people who buy old cars, fix them up and sell them for a profit but still below market (like my husband) make profits, use those to purchase more old cars and to pay themselves. They live off those in lots of cases. Eliminating profits would drive many tiny businesses straight out of business, and is way too simplistic and would 100% not be supported by the majority. It truly isn't reasonable at all when you take the entire spectrum of businesses into account.