20 Feb 2019by Chris Weir

Chris Weir Answers – Are Corporate Profits Really that Bad?

It’s become popular to poo poo on corporate profits, especially in politics and academia.  Yet, these two groups are the first to expect business to step up and pay more taxes and support their many different causes.  Is it really so complicated to understand the only way for a business to keep their people employed, to pay taxes, to fund initiatives; is for the business to make a profit?

The foundation of a business is profitability.  Social responsibility, ethics, sustainability; these are all great things and businesses must pay attention to them.  However, they are not foundations for which a business should be built.  Without profit, the business closes, and those things really don’t matter much.

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