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by WalterBright
208 days ago
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It's not at all in bad faith. Businesses are formed to make money. If the IRS discovers that your business is not intended to make money, they will re-define it as a "hobby" and will not let you deduct expenses. Surely you can give an actual example of a business not formed to make money? P.S. When you talk about bad faith, I recommend that you do not invent things I did not write, put those things in quotes pretending that I did write them, and then argue with that strawman. |
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> "Instead, I will respond to the former, which is the original point, and say that there are plenty of mom-and-pop (or larger) businesses, as well as cooperatives, whose goals are not actually to exploit the worker to maximize the amount of money they make, but is primarily to give the owners a good work/life balance, or to help their community, or to be owned collectively by all workers"
Those are not hobbies and will not be categorized as such.
The point is that the goal of making money is not necessarily meant at the cost of crushing employees or considering them disposable. The person you're replying to is saying that's a very US-centric way of looking at businesses (e.g. maximize shareholder value even if it costs happiness) but that's not necessarily the only way of making money. It's very cynical to think it's the only way, because it reinforces the status quo (what are you going to do if you don't like it? That's business, join a commune instead!).