3 ms·
Honestly I've had this happen multiple times recently, where people don't understand revenue vs profit. Profit is what you put in the business bank account afte
by dcow 3y ago
Honestly I've had this happen multiple times recently, where people don't understand revenue vs profit. Profit is what you put in the business bank account after you pay operating costs which includes salaries. You can make fuck you money by making idk $2MM per year. That doesn't come out of profits. Profits are commonly paid out to owners/investors in the form of dividends.
- thfuran 3y agoThat's sophistry. Yes, accountingwise, revenue and profit aren't the same thing, but if healthcare is going to be raking in so much money that the hospitals are throwing fuck you money at the janitors, it's clearly highly profitable for a lot of people, and they want "nobody to profit from healthcare".
- synetic 3y agoYou are now engaging in sophistry. Doctors in England can be paid more in their system than they make now without putting in profit motives. In a publicly funded system one can pay lots of money to workers without profit in the system. It’s as if Americans don’t understand that government can provide services and not be profit driven.
- thfuran 3y ago>Doctors in England can be paid more in their system than they make now without putting in profit motives Could their pay increase without the doctors profiting?
- synetic 3y agoThis is a nonsensical response. You know what is meant by “profit” in the context of this discussion. You argue in bad faith particularly since you deliberately left off the motive part of my statement. Obviously what is being discussed is that non-workers should not reap monetary rewards from denying care or otherwise siphoning out money from the healthcare system. You may nitpick each word and be as pedantic as possible but none of that will demonstrate that having PE firms in charge of hospitals would be better than a government or nonprofit entity running things.
- thfuran 3y ago>but none of that will demonstrate that having PE firms in charge of hospitals would be better than a government or nonprofit entity running things. You accuse me of arguing in bad faith while repeatedly implying that I'm arguing for things I haven't even remotely approached?
- synetic 3y agoAre we in agreement then that it’s best for PE not to be able to buy hospitals? Do we agree that nonprofit (as that term is applied colloquially) entities should run healthcare? I hope we are in agreement on this. If not then I hope your view does not gain support.
- dcow 3y agoWhat? Sophistry? Are you insane? I've factually described the difference between revenue and profit, and you're saying I'm deliberately trying to deceive someone?
- IIsi50MHz 3y agoYou are both correct in that salaries are net counted as profit of a company, but that a person who receives pay (salary or otherwise) may be, or be seen as, profiting. "Nobody profiting" might reasonably seem to mean that even employees have little or no net gain from their involvement. Perhaps "no company profiting" fits the intended meaning better? "Making fuck-you money" might cause somebody to assume "making more money than is acceptable, and uncaringly taking advantage of others", which would seem at odds with not profiting. The claim of "sophistry" seems unfair and provocative, given lack of agreement on definitions. I am tempted to regard the ensuing reaction to the claim as "a shocked and puzzled look".