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That's not a free market is it? It's unworkable.Quote:
Originally Posted by Butterfly
Profit is fine, based on hard work, innovation, finding a market niche, etc. Corruption based on banking systems (100 year bonds...), abusing powerful positions (judiciary, political, army, governing bodt, etc) is unacceptable.
Take out the corruption and a free market looks after itself; regulation is required to police the corruption, not to set limits on profit margins!
are you insane ??? the free market leads to corruption, that's Econ 101 dummy !!!Quote:
Originally Posted by Bettyboo
they should put taxes on sales, maybe 2% or 5% instead of net profit. It's too easy to manipulate accounting standard to "optimize" net profit or your tax. That's why a tax on sales would make more sense.
No, the market is not corrupt and does not lead to corruption. People are corrupt and people cause the market to fail. The basic premise of supply and demand is solid; manipulating that premise (a word you correctly use, and means PEOPLE being corrupt in this context) corruptly causes the market to fail...
Taxing is fine. Regulating is fine. But, you cannot set a limit on profits. You set a limit on actions; which are allowed and which are not; the limit is on people not the process...
sure you can. Says who you can't ? it has been used in certain countries by using different tax rates for different profit levels.Quote:
Originally Posted by Bettyboo
the market is people, so it is corrupt by nature with greed. Micro-Econ 101 will tell you that companies are always trying to take market share away from competitors simply for greed purposes. Corruption is one way to take those market share away from the competition. In simple terms, natural monopoly lead to corruption.Quote:
Originally Posted by Bettyboo
it's the same, there is no process without people. You can't separate those 2 things. How very naive of you.Quote:
Originally Posted by Bettyboo
[quote=Bettyboo;1616969]Exactly.Quote:
No, the market is not corrupt and does not lead to corruption. People are corrupt and people cause the market to fail. The basic premise of supply and demand is solid; manipulating that premise (a word you correctly use, and means PEOPLE being corrupt in this context) corruptly causes the market to fail...
It all starts with setting a limit on the amount of money and credit that can be released into the system.Quote:
Taxing is fine. Regulating is fine. But, you cannot set a limit on profits. You set a limit on actions; which are allowed and which are not; the limit is on people not the process...
Even a half assed currupt central bank gold reserve limit of 20% would be better then this 100% phantom fiat, pie in the sky, meaningless, reserve-less, virtual fraud orgy system we have now.