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Politics : View from the Center and Left
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To: KLP who wrote (6297)12/7/2005 12:46:13 PM
From: TigerPaw  Read Replies (1) of 542471
 
people actually think that profit for companies is over 50%.

For some companies it is. I worked for a time in the Pawn Shop industry. The company basicly made secured loans for about a 250% interest rate. Sure, there was some overhead and bad loans, but not so much as you might think. I would think the annual profit was at least 100%.

The only reason that Pawn Shops don't produce the wealth of a Bill Gates is that there are a limited number of customers who need that service and can't get it elsewhere at a better rate.

TP
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