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Profit Motive

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NEWS
February 24, 2010
The health care "debate" taking place in this country has two sides, the health insurance industry, who want only to protect their profit margins, and informed people who understand that the profit motive must be removed. Every other country in the industrialized world has come to this conclusion. Only corporate propaganda stands in the way by spreading disinformation about a single-payer system. The best option is simply to expand Medicare to cover everyone. If you want to know more about it, just ask your grandmother!
ARTICLES BY DATE
NEWS
May 22, 2012
Columnist Thomas Schaller makes a very solid argument about the relative ability of the government and free markets to get things done ("Government is flawed, but markets are too," May 15). His critics' arguments, however, fall flat. One reader wrote that competition in the private sector this leads to greater efficiency and better outcomes. But this argument fails to take into account the effect of monopolies and oligopolies on the supposed free market. Many industries are so expensive to get into that only a few players run the show (think of cable TV and energy)
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NEWS
May 4, 2010
Thomas F. Schaller's oblique reference to American "cultural purity" in his article "Forcing Washington to act on illegal immigration" (May 4) speaks to the irony of the immigration issue, in that, in a capitalist society that has abandoned any notion of financial restraint, fiscal responsibility, devotion to (or even awareness of) the common good, where all citizens are regarded as merely economic units, America could be said to have "cultural purity." The profit motive as it exists today in the greediest, most corrupt financial system in the history of the world, where immense private wealth has corrupted the political process and poisoned the minds of the citizenry against itself through its media propagandists, has rendered "culture" impossible.
NEWS
October 12, 2011
Conservative media outlets have criticized the Occupy Wall Street protesters as mob-like, left-wing extremists with no voice and no real agenda - or as the Democrats' answer to the tea party. But the protesters' critique of capitalist society can't be so easily dismissed. Pope John Paul II was a great leader who played an important role in the collapse of communism and the fall of the Berlin wall. But he was also a sharp critic of the shortcomings of capitalist societies that were not balanced with morals and values.
BUSINESS
February 15, 1995
Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions through April 15.Q: I operate a business and also have a full-time job. I've had losses in my business in each of the past three years. Am I allowed to take another loss? I've heard that you cannot take a loss in a business more than three years in a row.A: Generally speaking you cannot take another loss. Profit must be the primary motive for the business, and the IRS presumes that there is a profit motive only if a business shows a profit for any three or more of five consecutive years ending in the year of the loss.
NEWS
December 7, 2010
As a result of the alleged excessive use of stent implants by Dr. Mark Midei and his profitable relationship with stent-maker Abbott Laboratories, Sen. Max Baucus said: "Hospital patients expect their care to be based on medical need, not profits" ("Stents report finds potential fraud," Dec. 6). You have to wonder what planet Senator Baucus lives on. Doesn't he understand that the entire medical system in this nation is driven by the profit motive? It begins with the health insurers and ends in the operating room.
NEWS
May 22, 2012
Columnist Thomas Schaller makes a very solid argument about the relative ability of the government and free markets to get things done ("Government is flawed, but markets are too," May 15). His critics' arguments, however, fall flat. One reader wrote that competition in the private sector this leads to greater efficiency and better outcomes. But this argument fails to take into account the effect of monopolies and oligopolies on the supposed free market. Many industries are so expensive to get into that only a few players run the show (think of cable TV and energy)
NEWS
October 12, 2011
Conservative media outlets have criticized the Occupy Wall Street protesters as mob-like, left-wing extremists with no voice and no real agenda - or as the Democrats' answer to the tea party. But the protesters' critique of capitalist society can't be so easily dismissed. Pope John Paul II was a great leader who played an important role in the collapse of communism and the fall of the Berlin wall. But he was also a sharp critic of the shortcomings of capitalist societies that were not balanced with morals and values.
NEWS
By Cynthia Tucker | June 21, 2004
ATLANTA -- In a country where capitalism is the state religion, it's hard to get people to admit that the profit motive doesn't improve every enterprise. Americans seem to think there is no problem that cannot be solved by some resourceful entrepreneur. But we're experiencing a crisis of faith in at least one area -- health care. The soaring cost of hospitals and medicines suggests that capitalism is sometimes at odds with the common good. Not many of us have the nerve to say that aloud yet. It's heresy.
FEATURES
By Mike Royko and Mike Royko,Tribune Media Services | June 30, 1992
A Chicago cop showed me the protest letter he was sending to some big executive at Warner Bros. Records, which is part of the huge Time Warner company.It's the same letter that is being sent by thousands of Chicago cops. Variations are being sent by police in other parts of the country."We, as members of the Chicago Police Department and members of their families, are appalled and offended that you and your company are willing to promote the Ice-T song called 'Cop Killer.'"We are urging you to remove this song from the record stores and the media.
NEWS
December 7, 2010
As a result of the alleged excessive use of stent implants by Dr. Mark Midei and his profitable relationship with stent-maker Abbott Laboratories, Sen. Max Baucus said: "Hospital patients expect their care to be based on medical need, not profits" ("Stents report finds potential fraud," Dec. 6). You have to wonder what planet Senator Baucus lives on. Doesn't he understand that the entire medical system in this nation is driven by the profit motive? It begins with the health insurers and ends in the operating room.
NEWS
May 4, 2010
Thomas F. Schaller's oblique reference to American "cultural purity" in his article "Forcing Washington to act on illegal immigration" (May 4) speaks to the irony of the immigration issue, in that, in a capitalist society that has abandoned any notion of financial restraint, fiscal responsibility, devotion to (or even awareness of) the common good, where all citizens are regarded as merely economic units, America could be said to have "cultural purity." The profit motive as it exists today in the greediest, most corrupt financial system in the history of the world, where immense private wealth has corrupted the political process and poisoned the minds of the citizenry against itself through its media propagandists, has rendered "culture" impossible.
NEWS
February 24, 2010
The health care "debate" taking place in this country has two sides, the health insurance industry, who want only to protect their profit margins, and informed people who understand that the profit motive must be removed. Every other country in the industrialized world has come to this conclusion. Only corporate propaganda stands in the way by spreading disinformation about a single-payer system. The best option is simply to expand Medicare to cover everyone. If you want to know more about it, just ask your grandmother!
NEWS
By Cynthia Tucker | June 21, 2004
ATLANTA -- In a country where capitalism is the state religion, it's hard to get people to admit that the profit motive doesn't improve every enterprise. Americans seem to think there is no problem that cannot be solved by some resourceful entrepreneur. But we're experiencing a crisis of faith in at least one area -- health care. The soaring cost of hospitals and medicines suggests that capitalism is sometimes at odds with the common good. Not many of us have the nerve to say that aloud yet. It's heresy.
NEWS
By Marego Athans and Marego Athans,SUN NATIONAL STAFF | January 11, 2001
NEW YORK - With 10 minutes to go before the closing bell, the traders in the ring were shouting, waving hands, making hand signals, throwing paper and glancing nervously up at the neon-lighted boards, where the price of natural gas has been at record high levels for months - pingponging at rates up to five times those of a year ago. Historically, the trading floor of the New York Mercantile Exchange has been where the price is set for commodities such...
NEWS
By Dana Hedgpeth and Dana Hedgpeth,SUN STAFF | May 13, 1997
A decade ago, Lane Larsen paid about $130,000 for his four-bedroom Columbia townhouse. At Howard County's annual tax sale last month, a Florida investment firm bid $300 million for it.A Dayton farmhouse went for a bid of a trillion dollars. Other properties went for sums equaling, in the words of bidders, "the national debt" or "infinity." At least on paper.Actually, these bidders had no intention of buying these properties, let alone for the astronomical sums they bid. So far, they have only shelled out the amounts of the properties' unpaid taxes -- usually less than a few thousand dollars.
NEWS
By Dana Hedgpeth and Dana Hedgpeth,SUN STAFF | May 13, 1997
A decade ago, Lane Larsen paid about $130,000 for his four-bedroom Columbia townhouse. At Howard County's annual tax sale last month, a Florida investment firm bid $300 million for it.A Dayton farmhouse went for a bid of a trillion dollars. Other properties went for sums equaling, in the words of bidders, "the national debt" or "infinity." At least on paper.Actually, these bidders had no intention of buying these properties, let alone for the astronomical sums they bid. So far, they have only shelled out the amounts of the properties' unpaid taxes -- usually less than a few thousand dollars.
NEWS
By Marego Athans and Marego Athans,SUN NATIONAL STAFF | January 11, 2001
NEW YORK - With 10 minutes to go before the closing bell, the traders in the ring were shouting, waving hands, making hand signals, throwing paper and glancing nervously up at the neon-lighted boards, where the price of natural gas has been at record high levels for months - pingponging at rates up to five times those of a year ago. Historically, the trading floor of the New York Mercantile Exchange has been where the price is set for commodities such...
BUSINESS
February 15, 1995
Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions through April 15.Q: I operate a business and also have a full-time job. I've had losses in my business in each of the past three years. Am I allowed to take another loss? I've heard that you cannot take a loss in a business more than three years in a row.A: Generally speaking you cannot take another loss. Profit must be the primary motive for the business, and the IRS presumes that there is a profit motive only if a business shows a profit for any three or more of five consecutive years ending in the year of the loss.
FEATURES
By Mike Royko and Mike Royko,Tribune Media Services | June 30, 1992
A Chicago cop showed me the protest letter he was sending to some big executive at Warner Bros. Records, which is part of the huge Time Warner company.It's the same letter that is being sent by thousands of Chicago cops. Variations are being sent by police in other parts of the country."We, as members of the Chicago Police Department and members of their families, are appalled and offended that you and your company are willing to promote the Ice-T song called 'Cop Killer.'"We are urging you to remove this song from the record stores and the media.
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