Capitalism In a Nutshell

[Capitalist Lawyer]

A capitalist buys a vacant lot for $40,000
Spends $17,000 on Architects, Engineers and Permits
Spends $85,000 on construction materials
Employs 6 workers for 4 months at a cost of $95,000
Spends $15,000 to market the finished product
For a total investment of $252,000

Receives $320,000 as proceeds of the sale for a profit of $68,000 of which…
$3,250 goes to the state as tax
$12,900 goes to the IRS as tax
$11,850 goes in his pocket and
$40,000 is invested in another lot so he can hire more Architects, Engineers, Laborers, Supervisors, buy more materials and pay more taxes.

In a capitalist society, entrepreneurs risk their own money, put people to work, pay most of the taxes, and are the target of distorted attacks by people who have no idea how things really work.

In a socialist society, like most of europe, 14% of the population is unemployed because risk and rate of reward go hand-in-hand. When you take reward out of the equation (or limit it), no one is willing to take the risk.

In the past 50 years, what has europe or canada invented that anyone wants?

[DRS]

yeah, its ok to say about all the "good" things, if you can call them that.

but you forget to state that these people got to that position by selling out and jumping over everyone else in their way to get up there with all the "big guns"

you try to make it sound like they are losing out money on this, lol, the capitalist mind state is to gain more money at any cost, and they usually get it if they are in high places.

[Red Skyscraper]

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[New Tolerance]

A capitalist buys a vacant lot for $40,000
Spends $17,000 on Architects, Engineers and Permits
Spends $85,000 on construction materials
Employs 6 workers for 4 months at a cost of $95,000
Spends $15,000 to market the finished product
For a total investment of $252,000

Receives $320,000 as proceeds of the sale for a profit of $68,000 of which…
$3,250 goes to the state as tax
$12,900 goes to the IRS as tax
$11,850 goes in his pocket and
$40,000 is invested in another lot so he can hire more Architects, Engineers, Laborers, Supervisors, buy more materials and pay more taxes.

In a capitalist society, entrepreneurs risk their own money, put people to work, pay most of the taxes, and are the target of distorted attacks by people who have no idea how things really work.

"Entrepeneurs risk their own money" -> no arguement there.
"Put people to work" -> the government also put people to work.
"pay most of the taxes" -> and....?
"and are the target of distorted attacks by people who have no idea how things really work." -> examples?



In a socialist society, like most of europe, 14% of the population is unemployed because risk and rate of reward go hand-in-hand. When you take reward out of the equation (or limit it), no one is willing to take the risk.


Europe is not socialist. High tax capitalist economies does not necassarily equal socialism.


In the past 50 years, what has europe or canada invented that anyone wants?

To name a few:

Canada ->
Molson Canadian (beer)
Avro Arrow (a jet fighter so advanced for its time that the US forced Canada to scrap it)

Europe ->
France: Holographic memory (computer hardware)
Germany: Siemens created numerous applicances

[DaCuBaN]

In the past 50 years, what has europe or canada invented that anyone wants?

The harrier jump-jet?

[Misodoctakleidist]

Originally posted by Capitalist [email protected] 21 2004, 08:40 PM
A capitalist buys a vacant lot for $40,000
Spends $17,000 on Architects, Engineers and Permits
Spends $85,000 on construction materials
Employs 6 workers for 4 months at a cost of $95,000
Spends $15,000 to market the finished product
For a total investment of $252,000

Receives $320,000 as proceeds of the sale for a profit of $68,000 of which…
$3,250 goes to the state as tax
$12,900 goes to the IRS as tax
$11,850 goes in his pocket and
$40,000 is invested in another lot so he can hire more Architects, Engineers, Laborers, Supervisors, buy more materials and pay more taxes.
So in other words, the workers create the difference in value of raw materials and value of final product $195,000 yet are only paid $127,000, the rest being kept by the capitalist.


In a capitalist society, entrepreneurs risk their own money, put people to work, pay most of the taxes, and are the target of distorted attacks by people who have no idea how things really work.

Oh no! They risk falling into the working class with everyone else and having to work for a living.


In a socialist society, like most of europe, 14% of the population is unemployed because risk and rate of reward go hand-in-hand. When you take reward out of the equation (or limit it), no one is willing to take the risk.

Becuase it's just that easy to explain unemployment, (serious) economists just don't realise it.

[monkeydust]

A capitalist buys a vacant lot for $40,000
Spends $17,000 on Architects, Engineers and Permits
Spends $85,000 on construction materials
Employs 6 workers for 4 months at a cost of $95,000
Spends $15,000 to market the finished product
For a total investment of $252,000


As you do..... :rolleyes:

Unfortunately, not everyone "just has" $252,000 dollars lying around with which to risk.


In a socialist society, like most of europe, 14% of the population is unemployed because risk and rate of reward go hand-in-hand. When you take reward out of the equation (or limit it), no one is willing to take the risk.


I don't know whether you lack understanding about Socialism, whether you're just having a dig at Europe, or both.

In any case, how can someone with no disposable income take "the risk" in the first place?


In the past 50 years, what has europe or canada invented that anyone wants?


BOZG?


EDIT: Wait........no. ;)

[Guest1]

Hahaha. Right... ok... Let's examine the real dynamic between worker and employer, shall we?

[percept¡on]

Capitalism in a nutshell?

A capitalist borrows or inherits money stolen from workers to build a business which steals money from workers, thru which he accumulates more money to lend to other capitalists to steal more money from workers.