The Mudcat Café TM
Thread #113173   Message #2402784
Posted By: Kent Davis
31-Jul-08 - 10:16 PM
Thread Name: BS: Exxon Mobil Corp. Record profits
Subject: RE: BS: Exxon Mobil Corp. Record profits
How interesting to think of profits being high as a "fault".

If one of us sells something for a handsome price at a yard sale, or if one of us gets a raise at work, or gets a nice dividend check, we would hardly ask whose "fault" it is that we did well.

Low profits, or losses, may indeed be someone's fault. High profits would be to someone's credit.

After all, that money doesn't just disappear. Money is either taxed, spent, or saved. It therefore ultimately goes for government expenses (if taxed), goods and services, capital investment, wages, bonuses, benefits, et cetera (if spent), and pensions, dividends, loans, delayed capital investment, et cetera (if saved).

Kent