Does an even trade produce taxable income??

[DanG 1]

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The company doesn't sell the product at an even trade.
They sell it at a proffit.
Thus income is produced.

Then why do you assume that workers can't do the same thing? Why, in your worldview, does labor have to be traded at a fair market value, but goods and services can be traded above the fair market value?

Your position is not self-consistent.

ETA: Jakee beat me to the punch. He now owes me the fair market value of the time it took to write this post. I value that time at $1million, and will not be claiming it on my taxes next year.

- Dan G

[jakee 1,489]

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ETA: Jakee beat me to the punch. He now owes me the fair market value of the time it took to write this post. I value that time at $1million, and will not be claiming it on my taxes next year.

But I value it at a nickel and half a twinkee. If that's what I end up paying you, is it still an even trade?

In fact, real world scenario: A friend of mine (UK) worked an 18 month contract in Europe. When they talked money in the interview, he thought they were quoting Euros when they were talking Sterling. He ended up getting paid ~20% more than he had valued his time during the interview. Was that still an even trade or did he make a profit?

Do you want to have an ideagasm?

[jimbrown 0]

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The company doesn't sell the product at an even trade.
They sell it at a proffit.
Thus income is produced.

What do you mean they don't sell it at an even trade?

Why not? If an even trade for your time is what someone else is willing to pay you for it, then selling coal for what someone else is willing to pay for it is an even trade also.

They had coal, now they have money. Just like you had time, now you have money.

Jakee,
If you care to be enlightened I'll take all the time in the world to explain how the world works to you.
If I believe you to be just another troll I'll drop conversation with you like a hot potato.

That said;
It should be obvious that if the coal company delivers the product to market at a price which is greater than the expenses it took to bring that product to market a proffit was gained.

"Fair market price for coal?"

Doesn't matter.
If the expenses were less to bring the product to market than what the product sold for , income was produced .

To me that seems elementary and simple.
I'm glad I have the opportunity to help you understand this simple concept!

Peace,
Jim B.

[jimbrown 0]

[replyThen why do you assume that workers can't do the same thing? Why, in your worldview, does labor have to be traded at a fair market value, but goods and services can be traded above the fair market value?

Your position is not self-consistent.

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Labor hours sold are hours of a persons' life.

I don't know how old you are but what if I offer you 10 million dollars to allow me to kill you right now?

Will you take that deal?

Will that amount of money be worth the time you would have left naturally?

Workers accept the wages the employers offer or they have no work.
Usually they accept wages far less than their time is actually worth.

Buisiness men take advantage of these workers so that they can make a proffit
I'm not making a moral judgement here if whether or not that is a bad thing.

I'm simply pointing out that the worker made no proffit.
He made an even (or less than even )trade. Thus he has no income.

The buisinessman who sold the goods for more than he paid to produce them has made a proffit and therefor does have income.

GE pays no income tax while those working on the production line and forfieghting large blocks of their lives collectively pay millions.

That's not what the Founding Fathers envisioned.

Any questions?


Peace,
Jim B.

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[jimbrown 0]

[replyAnd yet ironically you are posting on a system that was created by and funded by the US government!

I will take your answer as "no."

You "will take my answer as "no" "?

Perhaps you should wait and give me a chance to answer.

On the other hand, maybe you are right.

Maybe it works best for you when you hold both sides of the conversation by yourself.

Far be it from me to step into the middle of you talking to yourself!

A few women I've talked too mentioned that fault of yours.

Well that and your small (you know

Peace,
Jim B.





Fair enough; you have forfeited your freedom and chosen to remain a slave. Do the chains weigh more lightly since you have chosen to wear them?

[jakee 1,489]

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That said;
It should be obvious that if the coal company delivers the product to market at a price which is greater than the expenses it took to bring that product to market a proffit was gained.

That's not obvious at all under your definitions of trade.

A person getting paid money for time and effort expended is apparently an even trade.

So as well as the expenditure incurred by the company to bring the product to market you need to also look at the time, effort and risk incurred by that company. Things which, according to you, will always be traded at an even value.

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If the expenses were less to bring the product to market than what the product sold for , income was produced .

But when you go to work you don't produce income, even though you get paid more than you spend in doing so. You are inconsistent.

Do you want to have an ideagasm?

[jakee 1,489]

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The buisinessman who sold the goods for more than he paid to produce them has made a proffit and therefor does have income.

But the business man also spent time and effort in bringing the product to market, as well as incurring financial risk. You are saying the business man is always being paid what his time is worth, even though the humble worker is never being paid what his time is worth.

Justify your position.

Do you want to have an ideagasm?