| Sorry I just saw this: >"That meets my definition of "profit", but apparently not yours. So we may be talking somewhat at cross purposes." is that the same definition you used here? >"It looks like Ovishinsky's corporation did make a profit, at least while he was running it. " Profit is defined as total income minus expenditure. When talking about corporations, that is, by convention, the one unambiguous meaning in that context. But you now say that simply having income at all, is good enough to be considered "profitable". Huh! You know it is very dishonest to just go around changing the meaning of words mid conversation, sir. > In a sane world the Red Cross would be a normal corporation that was selling the service of helping people. HELP ME! HELP ME I AM DYING. RC: Sure thing. That will be $1200. Don't worry we'll send the bill to your family. you know, like this sort of sane world? House Burns Down While Firefighters Watch [1] [1]: http://news.yahoo.com/blogs/sideshow/tennessee-family-home-b... |
No, that's not what I said. I said people pay the Red Cross to do what it does: but the amount paid in must be at least as large as the amount spent by the Red Cross or they won't be able to continue doing what they're doing. The likelihood that, averaged over time, the amount they take in is exactly the amount they spend is miniscule. So practically speaking, they must be making a profit, in the sense of taking in more money than they spend, in order to continue functioning. (As I said, the fact that they are called a "nonprofit" is a subterfuge; they have to be making a profit in the sense of total income minus expenditure.)
You know it is very dishonest to just go around changing the meaning of words mid conversation, sir.
I did no such thing. I didn't spell out all of the above because I assumed you would be able to figure it out for yourself. Apparently I assumed wrong.
RC: Sure thing. That will be $1200. Don't worry we'll send the bill to your family.
So you missed the part where I explicitly said that people pay the Red Cross to help other people. The Red Cross does not charge the people they are actually helping. That would also be true in the hypothetical sane world I was describing: people would pay the Red Cross to help others. They just wouldn't have to lie about the Red Cross being a "nonprofit": the Red Cross could openly admit that it was taking in more money than it spent, and investing the difference in finding ways to help people better.
You know that it is very dishonest to put words in other people's mouths and accuse them of taking positions they have not taken, sir.
like this sort of sane world?
Was the local fire department a for-profit corporation? Or even a "nonprofit" like the Red Cross? Or was it, as I strongly suspect, a governmental entity? (The reason I strongly suspect that is that the city's mayor defended the fire department's action.) If it's the latter, then you are misrepresenting what happened to make it seem like it supports your position, when it actually does not. You know that it is very dishonest to do that, sir.