The public gets mislead when they look at so-called big profits of companies, instead of the percent of profits. The politicians take advantage of this fact when they organize their class warfare against business.
Companies deal in big numbers, which can mean little. What is important are their percentages of profit or loss which can be significant or minuscule.
An example are the petroleum companies which earn a small percentage, a few cents on the dollar after taxes, but the total dollars appear huge when added up in one sum.(See the Earl J. Weinreb NewsHole® comments and@BusinessNewshole at Twitter.)
No comments:
Post a Comment