Profits Quotes
Hubbard had a business based on his self-help book, Dianetics. He turned this into a pseudo-religion called Scientology which makes large sums of money years after Hubbard died.
Samuel Langhorne Clemens, 1835-1910
Leveraged means that the company is not investing all its own money and has borrowed some or much in a highly leveraged situation. He, and most corporate executives, used to be very wary of corporations being highly leveraged. However towards the end of the 20th century the CEO’s—ironically especially in banks and financial companies who should have known better, tended to get away from this worry, and led their companies to very highly leveraged situations. When the Meltdown of 2008 hit, most were so highly leveraged that they became insolvent very quickly and the Great Recession followed.
The banking industry’s quest for profits despite great risks was one of the factors that caused both the Great Depression and the Great Recession.
Although England had benefitted more from the industrial revolution than most nations, the English Aristocracy and its intelligencia saw business as inherently corrupt with minimal ethical standards and almost no transparency. See {629121} for a Christian religious version of this secular quotation.
Lev Davidovich Bronstein. Before the Russian Revolution large factories did not have to be very efficient as the labor was paid so little. After the Revolution, the workers were paid more and the inefficient procedures became even more disorganized with the workers in control for the first time without any management experience. At the same time, the small privately owned manufacturing businesses were making a profit with no help from the government. This was an embarrassment that the Communists eventually solved by shutting down the private businesses that were such an embarrassment. Russian manufacturing was never world class and efficient under the Soviets even after the post Revolution crises.
some of the 1 percent Not all of the superrich in America are like this. Bill Gates and Warren Buffet, two of the richest Americans, for example, are supporters of these important programs for many citizens. However, the Koch Brothers, Senator Sanders best example, had $87 Billion and earned $12 Billion more that year. Yet they also made great efforts and spend large sums of money to take away the Social Security, Medicaid.
Much if the American industrial revolution was assisted by government subsidies of one kind or another. Railroads, telegraph, armaments, foundries are just a few.
This was one of the statements that he was jailed for during WWI.
The implication of the investment in infrastructure and education is that the state must tax people at a rate that would pay for it. But if the rate is too high, he argues, people will not make a sufficient profit from their work.
