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Originally Posted by mtrimpe  Is it not true that the definition of profit is pocketing the excess value produced by your employees and the amount consumers are willing to pay more than your product is worth? |
Technically yes. However, true wealth is gained when the value of the product or service provided exceeeds the price paid for it. If I buy a $100 watch that only cost a jeweler $50 to produce but it works like a charm for 5 years I would say that giving that jeweler $5 in profit pales in comparison to the value I received from having that watch keep time for me for 5 years.
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That's why charity from the rich always sounds to me like slave-drivers patting themselves on the back for making their slaves work for a public cause of their choosing one week out of the year.
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I suppose then, the wealthy should not give to charity? They should just hoard all their money for themselves? We are all born on this earth to prosper and that includes financially as well. Those who are wealthy AND contribute and donate are doing the greatest possible service they can to society.
Sounds to me like you have a relationship issue with money that you need to work on and you have a predisposition that all rich people are evil or greedy.