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From: esco@ssc-vax.UUCP (Michael Esco)
Newsgroups: net.politics.theory
Subject: Re: Contributions to the rich
Message-ID: <517@ssc-vax.UUCP>
Date: Thu, 14-Mar-85 21:04:38 EST
Article-I.D.: ssc-vax.517
Posted: Thu Mar 14 21:04:38 1985
Date-Received: Sat, 16-Mar-85 05:36:49 EST
References: <356@gargoyle.UChicago.UUCP> <5183@utzoo.UUCP> <367@enmasse.UUCP>
Organization: Boeing Aerospace Co., Seattle, WA
Lines: 24

> 
> 	I don't have any problem with people or institutions receiving
> 	a fair return on capital investments, it's the claim to
> 	perpetual ownership of the profits from the funded enterprise that 
> 	bothers me. 
>						Mark Roddy

I hate to put it this bluntly, but this statement makes the least sense of
any I've seen on the net.

Perpetual ownership of the profit (through dividends or capital gains) is
by definition the fair return on a capital investment. That I should still
be getting a dividend from common stock I bought X years ago is exactly what
I paid for at the time.

If you don't understand what I mean by the above, you don't understand the idea
of capitalism. If you don't understand capitalism, try taking an accounting
class. I recommend accounting over economics (for a novice) because the
accounting teacher is more likely to be a capitalist.

						Michael Esco
						Boeing Aerospace

	(if only I'd read `Atlas Shrugged' before taking Econ 1...)