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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (430794)	10/28/2008 10:54:16 AM
From: SilentZ	Read Replies (1) \| Respond to of 1573433

>A business that generates $250k in net profits has sales of in excess of $1 million, probably closer to $2 million. Stop copying me! -Z

To: combjelly who wrote (430794)	10/28/2008 11:00:39 AM
From: i-node	Read Replies (2) \| Respond to of 1573433

Look at it this way. Say you could buy such a business for $1 million. With a net income of $250k, you have a ROI of 25% per year. That just doesn't happen. Again, a clueless statement. It totally depends upon the circumstances. How much cash is in the deal; how much of the ROI is attributable to the owner's own work; the owner's confidence in the buyer; and at least 1000 other factors. You just don't know shit about this subject.

To: combjelly who wrote (430794)	10/28/2008 11:01:34 AM
From: tejek	Respond to of 1573433

Look at it this way. Say you could buy such a business for $1 million. With a net income of $250k, you have a ROI of 25% per year. That just doesn't happen. Bah! Mere facts aka liberal lies. You're no fun!

To: combjelly who wrote (430794)	10/28/2008 11:43:07 AM
From: Alighieri	Respond to of 1573433

I dunno what kind of fairyland you inhabit, but in the real world opportunities to make $250k or more a year take things like hard work or rich relatives. They just aren't laying around on the ground to be picked up like pebbles. A business that generates $250k in net profits has sales of in excess of $1 million, probably closer to $2 million. And probably has more than 10 employees, maybe a lot more depending on exactly what the business is. This is a business in which earnings come by leveraging other people who work for you. As a single owner worker, he'd have no real chance of earning $250K...but that is secondary to the real issue, which is this...why is it wrong to expect someone who is successful to contribute to government in proportion to that level of success? All obama has said is that he wants to go back to Clinton's tax rates for the upper brackets and lower taxes for the lower brackets. After the 80s, 90s and now bush's 00s, are we still believing that trickle down economics works? I think not. The new industrial revolution, following the IT revolution, is likely to be ENERGY...investments in energy will do far more to stimulate joe the plumber's business chances than all this other bullshit that's being bandied around.... Al

To: combjelly who wrote (430794)	10/28/2008 12:12:29 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1573433

CJ, you're just repeating another form of the "lottery of life" argument. A small business that becomes successful and makes $250K a year in profit (even off of a million dollars in revenue) should be able to keep and reinvest those profits. They shouldn't have to go toward Obama's "share the wealth" vision. I've seen plenty of mom-n-pop shops that go up to that level. Those are success stories that you and the other liberals justify stealing from. Why? Because surely any small business making $250K/year or more in profits are "rich." What's next? $200K/year? $100K/year? At what point does it become socialism, comrade? Tenchusatsu