Five Ft. Three

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” ― Milton Friedman

Making money is evil!

on January 27, 2011

The other day, a story caught my eye on Yahoo about an indoor trampoline place where kids and adults (with proper helmets and signed waivers, of course) can bounce around in this huge multi-trampoline room.  Under these Yahoo stories, people can leave comments, much like people can comment here at blogs.  Many of the comments were “cool, I wish there was one of those near me!” and “I would totally like to do that if it were near me!”

To which I thought, what you people are really saying is:  “I want some risk taker who either has a lot of money, or one who will gather enough investors and build one near me, pay employees to work there, pay a ton of insurance, spend lots of time and money getting it off the ground, including marketing the place as well as maintaining it, so that I can go to a place like that and have fun.”

Right?

And then, the liberals will say, if that place is a big hit and the risk taking owner and/or investors make a lot of money at this business, well then they are evil and should be paying more taxes.

Am I right?

Yes, I am.

But I am thinking of looking into a franchise for one of those places anyway.

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21 responses to “Making money is evil!

  1. soapster says:

    Of course it's all true and yet at the same time it is little different than the christian who proclaims that beyond the service/good they provide that individuals voluntarily purchase, they someone owe society more. If they don't oblige they are greedy, evil people.I've never taken this position myself but it's out there alright.

  2. Dave Miller says:

    Beth, why is it that you adopt the position that liberals believe that those with money are evil?Can't they just believe that higher taxes is good policy, and be wrong, but not evil?If their view is evil, then are the truly evil more evil?Do you think people like Bill Gates and Warren Buffet, both rich liberals who argue for higher taxes evil?

  3. Beth says:

    Soapster, for one thing, Christians are not suppose to judge one another, and additionally the good works they do are not supposed to be heralded by themselves.Dave, what is the difference of being "wrong" and "evil"?Bill Gates and Warren Buffet may give more money to the government if they want, but they shouldn't tell other rich people they need to follow suit.

  4. Beth says:

    (btw, Dave, liberals only think non-liberal rich people are 'evil')

  5. Doug says:

    I thought that it was just the love of money that was evil…But regardless of which position you take, I'm glad to know that I am at no risk of being evil! 😉

  6. soapster says:

    " Christians are not suppose to judge one another, and…And here they do with fervor."…additionally the good works they do are not supposed to be heralded by themselves."Ahh…but why? That a man could find a cure for polio, get fabulously rich for it and become famous the world over, and cure millions of a cripling desease isn't to be heralded?

  7. BB-Idaho says:

    Out this way, our taxes and some donations have gone to create a fancy skate board place with bowls and links. I guess a conservative would say itis 'evil' that the public should pay? I am a bit worried about kids breakingbody parts, though!

  8. soapster says:

    I don't know what a conservative would say. A libertarian would ask what benefit a childless couple in their 50's (neither of which sk8board) gains from having a percentage of their hard earned money confiscated from them by force to pay for said sk8 park?I'm willing to bet that some donations, in due time, would very well have amounted to enough

  9. The Left has been demonizing the wealthy and entrepreneurs for decades.Now, I will say that the extremely wealthy should show more altruism. Andrew Carnegie did exactly that when he funded libraries here in America.

  10. soapster says:

    If people want to give charitably and become philanthropists I won't chastise them for doing so so long as they disabuse themselves of the notion that they do so selflessly. Nothing could be further from the truth.

  11. BB-Idaho says:

    You got me thinking a bit about business, especially start-ups. Unfortunately,95% of these fail withinfive years. Many businesssites have listings of thepitfalls and one important(and often overlooked) reason for failure is-"You start your business for the wrong reasons.Would the sole reason you would be starting your own business be that you would want to make a lot of money? Do you think that if you had your own business that you'd have more time with your family? Or maybe that you wouldn't have to answer to anyone else? If so, you'd better think again.You start your business for the wrong reasons."So while 'getting rich' may be a driver, it doesn't work if one has no management skills, insufficient start-up capital, choose a poor location, cannot plan/misread market orhandle cashflow problems.The other business pitfall for start-ups is trying to grow too fast, expandingbefore ready. In my experience, some of the most successful start-ups were people whohave a passion and love for what they plan to do, and strongly believe — based on educated study and investigation — that their product or service would fulfill a real need in the marketplace. Theyare not money-driven as many of us like to believe.A very successful electronics business out here started a few years back. EE PhD guy had somegood ideas. Now they market world wide and employ 1300 people fromjanitors to research directors. He stated he'will not chase low laborcosts' all over the globeand has converted his firmto 'employee owned'. Kind of a John Galt with out thegreed problem. There are a lot of them. The satisfaction of doing what they love is a self-acheiving goal, enhanced by the thanks of their employees and communities.

  12. Beth says:

    It doesn't matter BB why a person goes into business, but should he become successful, then why penalize him? Maybe non-accounting people don't realize that small business owners pay taxes for their business profits through their personal tax returns, so our "progressive" tax system does penalize them for succeeding.

  13. Dave Miller says:

    Beth, are you really saying that when a person is wrong, they are evil?Doesn't that, which usually means we have a disagreement, trivialize the truly evil?Was it wrong, as he admitted, and therefore evil, that President Bush said “The British Government has learned that Saddam Hussein recently sought significant quantities of uranium from Africa .”I do not think so. Just as i do not believe someone who does not agree with me on a certain political path is inherently evil.

  14. Beth says:

    Dave, I do not think that it is the case that rich = evil, I am saying that there are those on the left who think it (that is unless you are a rich leftist like Bill Gates and Warren Buffet, who seem to be exempt).You are not that kind of leftist, Dave, so I don't think you think that rich people are evil. I still have hope that we'll convert you yet to our side!

  15. BB-Idaho says:

    Non-accounting people think thatbusiness has far more opportunities to avoid taxation than most of us. Even accountants know that corporate taxeshave been shrinkingfor years.

  16. soapster says:

    Businesses (and actually I'd say not so much businesses but large corporations) DO have far more opportunities to avoid taxation as they are the ones who more or less write the legislation behind closed doors.As for shrinking corporate taxes…I've always maintained that there really is no such thing as corporate taxes.

  17. Remember the good old days when being successful was Good?

  18. Beth says:

    First of all BB, I am not talking about regular corporate taxes, I am talking about S-Corp taxes, which are when people have small businesses. Their company profits get put on their personal tax return, so when the company profits they can end up getting into that evil zone of rich people (according to Obama) of over $250,000. Now, they don't take that cash and buy themselves clothes, cars and trips, the net profits often get reinvested in the company or turn into assets of the company, but the owners are taxed on it as if they themselves possess it.

  19. Beth says:

    Secondly, BB, why tax corporations anyway? They already pay many taxes in their business, and their profits can be distributed to investors (who then of course get taxed on it) or are reinvested in the company (and maybe that could mean more jobs, you know).

  20. soapster says:

    "Now, they don't take that cash and buy themselves clothes, cars and trips, the net profits often get reinvested in the company or turn into assets of the company, but the owners are taxed on it as if they themselves possess it."Hence why there's really no such thing as "profits". There are only costs.

  21. BB-Idaho says:

    We learn here that"The anti-tax activists of the national Tea Party movement haven’t put transfer pricing on signs in their demonstrations, yet it deserves attention, said Mark Skoda, chairman and founder of the Memphis Tea Party. “I find the issue of corporations paying no tax or little tax in the United States, when the majority of their operations are here, problematic,” Skoda said in an interview. “The problem is that this is sort of the level of micro that people don’t look at.” Just my opinion, but besides not paying taxes,big Pharma spends twice as much on advertising as they do on research, addingjust that much more tothe 'dangerous side effects' of their flauntedproduct…I can't nor would I want to convince you, but perhaps the Tea Party can?

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