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By A Smith (anonymous) | Posted January 14, 2009 at 23:21:53
LL, profits represent the value people/businesses add to society. Nothing more, nothing less. Furthermore, without profits, businesses are unable to expand their offerings to customers, which doesn't help anyone in the long run.
If your argument is that profits could be distributed to employees rather than go to the owner, that is true. However, since employees don't risk going bankrupt like investors do, they also shouldn't be allowed to reap the rewards that comes through taking great risks.
In our country today, no one is barred from starting a business, so there is no excuse for not getting rich. If someone wants to get wealthy, all they have to do is give customers something of value.
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