Campaign 2016 Part XVI: KICK THE BABY!

[alfablue]

Re: Campaign 2016 Part XVI: KICK THE BABY!

Here you go! Handy Link!



I think one way to look at it is that Google mostly produces tools.

Really not much different then say, producing a screwdriver, except that Google has devised a way to put directed advertising on the screwdriver handle and charge the advertiser enough that they can afford to just give you the screwdriver for "free" and still make a profit. (This would be a better example if 1.7 billion people used a screwdriver several times a day.) I think because of this unfamiliar model it makes it easier to feel they aren't producing anything of value. Perhaps if we had to pay a subscription fee, or a nickel every time we used a search engine it might seem more evident that it's a real thing they make. I remember when a copy of Lotus 123 was pretty expensive, for example.

Again, looking at the revenue vs. cost- they apparently over charge a lot for those tools.

[rufus]

Re: Campaign 2016 Part XVI: KICK THE BABY!

Depending on the company, not as much as you imply. As I pointed out, the castings and stamping are all done locally.

Don't they need a minimum amount of components made here to be allowed to call a vehicle (or anything for that matter) "made in the USA"? Cars.com says that as of 2015, there were only ten cars built that could claim to have 75% of their content domestically made. It's more accurate to say that cars are "assembled" here.

https://www.cars.com/articles/the-20...1420680649381/

Not to mention the models that are entirely built outside of the USA, and then imported.

But car makers are one of the few that actually do "assemble" products with American workers. So many "manufacturers" of other goods(toasters, electronics, clothing, washing machines, etc.) just slap their name on something some Asian company has made, and call it their own. Many of them don't even design their own products, they just choose a product from a company's samples, and say, that's the one we want.

[St. Clown]

Re: Campaign 2016 Part XVI: KICK THE BABY!

Again, looking at the revenue vs. cost- they apparently over charge a lot for those tools.

Cost of production has little to do with the price paid by consumer. Just because your industry works with certain margins doesn't mean others must work that way too.

[Wisko McBadgerton]

Re: Campaign 2016 Part XVI: KICK THE BABY!

Again, looking at the revenue vs. cost- they apparently over charge a lot for those tools.

I don't agree cost is a basis for price. I'd say the two are unrelated.


Edit: Missed St. Clown's reply, but I'll leave it anyway.

[alfablue]

Re: Campaign 2016 Part XVI: KICK THE BABY!

Cost of production has little to do with the price paid by consumer. Just because your industry works with certain margins doesn't mean others must work that way too.

That's kind of my point. Look at their financials- revenue is about 4x the cost to make the revenue. It would take a whole lot of expensive R&D to make up for that difference. So my conclusion is that they overcharge. Good for them.

Still- my core point- we focus too much on Wall Street for our economy.

[alfablue]

Re: Campaign 2016 Part XVI: KICK THE BABY!

I don't agree cost is a basis for price. I'd say the two are unrelated.

Ok. But the intention of the reporting is 1) revenue, and 2) the cost to produce that revenue product. How one can conclude they are not related- I suppose you can.

If not, then it just adds to my point that Wall Street just isn't the right thing to look at. Or they are reporting the wrong things, which distorts what is actually going on. Again, getting bad information from Wall Street.

If I'm basing getting some kind of tax advantage using that data as a way to increase value, yea- there's more argument to lot allow traders to get some kind of tax break vs. regular income for the rest of us.

[The Sicatoka]

Re: Campaign 2016 Part XVI: KICK THE BABY!

I'm gonna lose my $5 this week.

I have a standing $5 bet through October that the best politician / political gaffe of the week will always be Trump.

Well, not this week:
http://hosted.ap.org/dynamic/stories...08-18-04-58-22

[Handyman]

Re: Campaign 2016 Part XVI: KICK THE BABY!

This Sums Up The Drumpf Campaign Perfectly

[ScoobyDoo]

Re: Campaign 2016 Part XVI: KICK THE BABY!

This Sums Up The Drumpf Campaign Perfectly

The first 26 seconds of this

https://www.youtube.com/watch?time_c...&v=s77RI-rq528

is the greatest 26 seconds I've ever seen on any Cable News show ever. It's fantastic. I weep that Jon Stewart isn't here to comment on it.

[Wisko McBadgerton]

Re: Campaign 2016 Part XVI: KICK THE BABY!

Ok. But the intention of the reporting is 1) revenue, and 2) the cost to produce that revenue product. How one can conclude they are not related- I suppose you can.

If not, then it just adds to my point that Wall Street just isn't the right thing to look at. Or they are reporting the wrong things, which distorts what is actually going on. Again, getting bad information from Wall Street.

If I'm basing getting some kind of tax advantage using that data as a way to increase value, yea- there's more argument to lot allow traders to get some kind of tax break vs. regular income for the rest of us.

Sorry, but you're kind of losing me here.


So we're clear, and while keeping to simple terms, revenue is how much you get, which is obviously based on price. Price in this sense meaning at what $ amount a given sales transaction takes place. Cost is just what it sounds like which is how much $ was spent in production, marketing, advertising, brokering, etc. to have something and sell it. Revenue (price) minus cost equals profit.

Now it maybe counter intuitive to some but there is no relationship between cost and price. Price is determined entirely by what someone (the market) will willingly pay for your product. How much you paid to produce your product is totally irrelevant. You may very well have paid more to make it then the market will pay to buy it.

For example, you give burd and myself each $20 worth of art supplies and $30 for an hour's labor to produce a painting. You then take the paintings to an auction and sell them hoping to get $100 each for them. burd's painting sells for $25 (to burd). My painting hits the block and it turns out (unsurprisingly) that people think I'm some sort of genius prodigy, a huge bidding war breaks out and it sells for $200,000. If I could do math I'd tell you exactly how much, but generally, you lost money on burd, and naturally, made out like a superstar on me. Price(revenue) was vastly different according to what the market demanded, but your cost was $50 in both transactions, and there's no relationship between the two things.

I'm not following you about how varying profit margins across different businesses are a problem, a distortion, or bad information, or really what you're getting at there?

[Handyman]

Re: Campaign 2016 Part XVI: KICK THE BABY!

The first 26 seconds of this

https://www.youtube.com/watch?time_c...&v=s77RI-rq528

is the greatest 26 seconds I've ever seen on any Cable News show ever. It's fantastic. I weep that Jon Stewart isn't here to comment on it.

That guy is every used car salesman you have ever met!

[The Sicatoka]

Re: Campaign 2016 Part XVI: KICK THE BABY!

The Trump campaign will spin this against Hillary in ... three, ... two, ... one.
http://nypost.com/2016/08/18/state-d...oners-release/

And then Trump will perform Operation: FOOTBULLET on himself 30 seconds later.

[WeAreNDHockey]

Re: Campaign 2016 Part XVI: KICK THE BABY!

The Trump campaign will spin this against Hillary in ... three, ... two, ... one.
http://nypost.com/2016/08/18/state-d...oners-release/

And then Trump will perform Operation: FOOTBULLET on himself 30 seconds later.

Isn't Hillary a private citizen? While she may have more pull with Obama right now than I do, he is still the guy in charge and she is still one of the 315 million or so of us who isn't. And besides, this is yet another example of what would qualify as a false equivalency if this could be tied around Clinton's neck. This situation is a parsing of words. The money was allegedly to settle a decades old debt and the U.S. used it as leverage. Hell, if anything that's the way Trump behaves. Ranson is when they say give us $400 million you don't owe us and we'll give you some hostages back. Trump on the other hand tells lies. Things that can't be categorized in any other way. Like when this story first hit the ground how he had seen video of the actual transaction taking place. Never happened. Video did not exist. But to Trump it is never important if something he says is true or a lie. In fact he is one of those people who think that by lying he has some sort of power over you because he thinks then you don't really know for sure what's going on. Never mind he is too stupid to realize that most of the stuff he lies about is pretty easy to catch. He does it because he is incapable of behaving differently, and he does it because his supporters are rubes and most are dumber than a bag of rocks and tree bark and believe whatever lies he wants to make up.

[ScoobyDoo]

The Trump campaign will spin this against Hillary in ... three, ... two, ... one.
http://nypost.com/2016/08/18/state-d...oners-release/

And then Trump will perform Operation: FOOTBULLET on himself 30 seconds later.

That's a good way to get Trump elected. Good job, Obama.

[FadeToBlack&Gold]

Isn't Hillary a private citizen?

Hillary is not a private citizen. IMO, you may disagree, but I think you lose that status when you announce your candidacy for public office. However, she wasn't in a public position of power when the Iran deal was finalized, so this shouldn't be a rope around her neck, but Trumpsters will spin it that way.