| Subject: | Re: [socialcredit] Re: Clarification Sought on 'Profit' from Bill Ryan or others | | Date: | Tuesday, December 11, 2007 14:31:58 (+1300) | | From: | William Hugh McGunnigle <wmcgunn @.........nz>
|
| In reply to: | Message 5133 (written by william_b_ryan) |
Hi Bill (Ryan)
Thank you for that clarification. There is, however, a
problem when it comes to modern accounting systems in seperating the two,
because taxation systems do not recognise the difference between speculative
"profit" ie that derived from speculative "betting" on the stock exchange or
speculative manipulation of thr real estate market, and "profit" derived
from manufacturing useful material for the benefit of mankind. Indeed the
western world is now in the unfortunate position that the vast bulk of its
monetary wealth is not based on its manufacturing capacity, but on how its
banking system controls national and world finances. It is far easier for
global institutions to make a "profit" by manipulating stock and property or
obtaining interest on "investments" in third world countries by
transferring the manufacturing of goods and materials to those countries,
than by investing in manufacturing plant and training people to operate that
plant in the western world. I have heard the west described as " the post
industrial usurious state or society" ref the Book "Courage for Change" by
Les Hunter. I don't know if you have any comments on this view, but would
appreciate them particularly if you can offer a way of overcoming the crisis
facing the west of "deskilling" and consequent impoverishment of much of
those societies.
In all honesty the western world is becoming parasitic on the rest of
human kind. The situation is both economically and politically very
unstable. It cannot go on.
Bill McGunnigle
----- Original Message -----
From: <william_b_ryan@yahoo.com>
To: <socialcredit@elistas.com>
Sent: Tuesday, December 11, 2007 5:59 AM
Subject: [socialcredit] Re: Clarification Sought on 'Profit' from Bill Ryan
or others
>I think that by "profit on turnover" Douglas means
> something close to what we mean by "operational
> profit," which is profit from things not extraneous to
> the firm's ordinary line of business. For example, if
> the firm sells a real estate lot no longer needed by
> the firm for a capital gain, the capital gain is
> profit, but non-operational to the firm's ordinary
> line of business, unless the firm is in the business
> of real estate speculation. Often, in financial
> statements, operational profit is profit before
> finance charges and taxes.
> -
>
> http://www.geocities.com/socredus/draft_scheme_scotland.txt
>
> "(5) Simultaneously, an announcement to be published
> that any or all business undertakings will be accepted
> for registration under an assisted price scheme. The
> conditions of such registration will be that their
> accounts, as at present required under the Companies
> Acts, should contain an additional item showing the
> average profit on turnover, and that their prices
> shall, as far as practicable, be maintained at a
> figure to include such average profit, where this is
> agreed as equitable for the type of business concerned
> (the suitable profit being, of course, largely
> dependent on the velocity of turnover). Undertakings
> unable to show a profit after five years' operation to
> be struck off the register."
>
> -----------------original message-----------------
>
> When we're discussing 'profit' in regards to what A+B
> indicates, and the equation Sales-Expense= Profit is
> given, then this would be strictly 'profit' on
> 'turnover', (as mentioned in the 'Draft Plan for
> Scotland')? And not 'profit' as presently computed
> in any Company's P&L accounts?
>
> Joe
>
>
>
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