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Speaker of the House Mike Johnson as an example of what's wrong with evangelicalism
- Thread starter Bartato
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Good explanation of Milei's ideology:
www.zerohedge.com
Also task awaiting him.
What Is Anarcho-Capitalism? | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Also task awaiting him.
Really?
All taxpayers or net taxpayers? And who determine who exactly are nex taypayers? Or taxpayers? Only whose living whole time in Argentina? What about Argentina's citizens living whole time outside and paying 0 tax to Argentina state?
And how exactly should taxpayers exercise control? As now using politicians? We know how this works. More equal than others workers receive safe job no matter this uselessness while other paypayers bear extra burden.
Or taxpayers should receive shares? Shall bigger taxpayers receive more since they contributed more. Oh no, that's treating same taxpayers as mattering more. Ok, they one taxpayer is one vote l. Oh no, that's treating those who pay less having less contribution.
And who will set board of directors and by which criteria in meantime while we figure solution.
Current solution is straitforward. At least rest of population won't suffer inflation tax for air carrier.
I guess that necktie parties are a political solution.
Let's since how much fallacies I can find.
Good question. Only problem is that value each of us imputes to business is different, so no two person will decide business has equal value.
Baker exchanging bread for 2$ doesn't mean that bread is worth 2$. Only that they both agree that ratio of exchange (what price is, ratio) is acceptable to them both. For exchange to happen baker must consider 2$ more valuable than bread and buyer opposite.
Nope. Valuation of business determinates expected cash flows which isn't same as value.
Profit isn't important. You can't eat profit. Only cash flow is. Owner of business can only receive dividends or higher price when business is sold.
Limit to price isn't how poor people are. Limit is how much valuable is product/service is to customer. How much US Christian with average income should be willing to pay for Playboy?
And yes, people do buy stuff costing several times their yearly income (example: house). Why they pay? Because they consider it valuable enough to sacrifice several years of income.
BS. What about costs? Costs can also be low. Low prices diesn't mean low profit.
If poor people means little income, it also means little costs. Little income implies also low salaries for power station employee. They may be 2-3x average due to various reasons, but they won't be 10x.
I just noticed one assumption. You are assuming low nomimal price, but it can be high real price (as percentage of income). If people value very much power station, they will be willing to pay high percentage of their income as price for power.
Nope. Value isn't how much something costs in financial terms. It's only financial cost.
Value is how much something is useful in satisfaction of personal wants.
And you assuming that electricity can only be supplied by power station. Maybe new tech or existing tech becomes more competitive.
Not true. With time, management techniques improvement combined with technical improvement should results in cheaper operating costs. Happens regulary with servers. Lower usage of electricty is so big that it's cheaper to replace current perfectly good servers with new.
Same thing should happen here.
If your situation happens, I suspect some expansive ineffective managers are in charge.
Are you joking? Unprofitable business implies than it's existing customers don't value business enough to cover it's cover it's costs. Customers implie to business owner "You are wasting resources" and you call than good. WTF?
OK. But, you are also implying that for some percentage of stuff it would be better for population for them to find another job.
Why it would be?
Poor country doesn't imply they are lacking in jobs. It does imply they are lacking in productivity and capital goods. Without mechanization for building canals, that a lot of jobs for only-showel equiped workers.
And poor people would be more sensitive for wastage of resources, not less. They can less afford having people on useless job, instwad if producing useful stuff.
I will stop here. I truly fell I'm abusing you, @FollowingHim.
May I send this post to Mises University if I decide to apply there? I feel after I get proper systematic education there, I should verbally abuse hapless government economists on public TV.
You are mixing up the duty of the church with the duty of Christian men in their particular callings.
This is a serious error. It leads to a pietistic religion concerned only with personal devotion, and naval gazing.
It's how you end up with a country full of professing Christians, where their faith no real impact on society. They are no longer the salt of the earth, but have become worthless. "Christian leaders" lobby politicians against prohibiting something as basic as murder (as Mike Johnson did in this situation). It is madness!
Christ isn't just Lord in my little heart, or Lord in the Church. He is Lord of EVERYTHING! He is the King of kings. He is the Lord of lords. The government is upon His shoulders. He demands the absolute submission of everyone, everywhere. The rulers of the earth must submit to Him or perish (Psalm 2).
The Church focuses on preaching the Gospel, building up the saints, and caring for the needy among the brethren.
Christian people on the other hand are involved with EVERYTHING. As Christ is Lord of everything, so His bondservants must be concerned with everything that belongs to Him.
The Christian political leader is concerned with politics. The Christian businessman is concerned with business. The Christian farmer and doctor are concerned with farming, and medicine. All of these things can be done in a way that honors or dishonors God.
The apostles were called to focus on preaching the gospel, not waiting tables. The deacons had a different purpose and were called to care for the widows.
The civil magistrate is a deakon of God. Justice is his duty. He has the responsibility of protecting the life of the innocent, and executing vengeance on the one who does evil (Romans 13).
The police officer who refuses to catch bad guys and and only preaches the Gospel is neglecting hos duty.
It doesn't matter if he is a regenerate Christian or not. He is still under God's authority and has a particular responsibility before God.
The Christian man in government (such as Mike Johnson) will be held to a higher standard as more has been given to him. He must certainly point politician leaders towards God's Law, especially in matters so clear and basic as the prohibition of murder.
Johnson failed badly in this situation.
You completely missed my point, but no worries. Shalom
I'm sure it's not the first, and won't be the last time I missed a point.
And it's not the first time I've failed to communicate clearly so that my point is understood.I'm sure it's not the first, and won't be the last time I missed a point.
I'm not even going to start dissecting your post @MemeFan, as if you're going to post something as crazy as this:
It's just not going to be productive in any way debating economics with you.
You can do better than calling my words crazy.
Be a man. Fight, admit defeat or decide to disengage. It pisses me off when somebody calls me crazy. Find below good verbal smackdown which is what you deserve.
From business perspective cash is what matters, not profit. Business can be profitable and run die because it runs out of cash. Opposite, if possible, can't kill business. No business ever has died from having positive cash flow. Profit only matters in how it influences cash flow.
And economically speaking, again, profit is worthless. It's not a good, while cash is. Why? While both can't directly make life better, only cash is exchanged.
When you make a deal with somebody promising him 15% of profit, do you promise 15% of profit in "accounting" sense only on paper or do you mean 15% of profit payable in cash. Cash wins again.
And finally bankers saving proving cash is only thing that matters:
And finally example of prospering business with zero profit.
Revenue is Vanity; Profit is Sanity; Cash Flow is Reality
Profits vs cash flow. There are five inventive approaches to customer funding that scrappy and innovative twenty-first-century entrepreneurs and businesses are putting to use.
smallbiz-resources.com
@MemeFan, what I said is no more extreme than what you say about others who disagree with you. I never said you were crazy, I said one statement was crazy. That's no different to you calling one of my statements B.S. as you did in the post I was responding to. It's exactly the same manner of speaking, and I would expect us both to have thick enough skins to not get too bothered about that sort of robust language.
I am not going to have a debate, I'm going to
I am not going to have a debate, I'm going to
You realize this link says the exact opposite of what you’re claiming right?You can do better than calling my words crazy.
Be a man. Fight, admit defeat or decide to disengage. It pisses me off when somebody calls me crazy. Find below good verbal smackdown which is what you deserve.
From business perspective cash is what matters, not profit. Business can be profitable and run die because it runs out of cash. Opposite, if possible, can't kill business. No business ever has died from having positive cash flow. Profit only matters in how it influences cash flow.
And economically speaking, again, profit is worthless. It's not a good, while cash is. Why? While both can't directly make life better, only cash is exchanged.
When you make a deal with somebody promising him 15% of profit, do you promise 15% of profit in "accounting" sense only on paper or do you mean 15% of profit payable in cash. Cash wins again.
And finally bankers saving proving cash is only thing that matters:
View attachment 5707
And finally example of prospering business with zero profit.
Revenue is Vanity; Profit is Sanity; Cash Flow is Reality
Profits vs cash flow. There are five inventive approaches to customer funding that scrappy and innovative twenty-first-century entrepreneurs and businesses are putting to use.
I don't get you.
My point is that cash flow is vital to business survival, while profit isn't. Vital like can't survive without at least zero.
Here are quotes from article:
"For another, they know sooner or later, positive cash flow – not revenue, profit, nor ‘retained earnings’ either – is the lifeblood of every successful entrepreneurial venture."
"In fact, many showed consistent losses when measured in “net profit” terms. What some observers missed, however, is that despite their consistent losses on the bottom line, most players in that industry generated substantial cash flow, which they typically reinvested to grow their businesses – sometimes at astonishing rates."
Both prove vitality of vash flow and unimportamcd of profit.
Did some thinking what was bothering me.
When is say that something is BS I mean it in sense "total nonsense". It's something that can happen to every man like when to talking about something he doesn't understand. Per se, this isn't direct attack on social standing.
Horewer, claiming some idea is crazy is attack on social standing. Why? Only crazy people have crazy ideas. It's form of dismissal. Don't look at @MemeFan ideas because he is bad. That's not right behaviour between friends.
Such things are done after running out of arguments.
I don't have anything against crushing someone's social standing per se. I use it on purpose only on politicians and similar people, never on friends.
And there is another key difference. I usually provide argumentation for my ideas, something which isn't done when dismissal is done. Dismissal is rolling your eyes over and saying with face "What a idiot".
It's not a false modesty claiming superiority over other people when it's a fact. That truth saving.
I'm certain none of you can find reasoning errors in my previous posts in this thread.
The story of David and Goliath has many interesting details. One of those is when King Saul saw that David was serious, he gave David his own armor. David realized that Sauls armor was not going to work for him, he wasn’t proficient with it.
So he took on Goliath with what he was familiar with.
@MemeFan, you are fighting battles by looking up information, but it’s obvious that you don’t “own” your information. You are trying to slay your opponents arguments with knowledge that you are reading, but don’t truly have internalized.
You think that you are superior because you are quoting from what you believe is a superior source.
It’s not working, you don’t have the skills to use the information properly. Misapplied, the information is crazy, which you take personally when it is pointed out. The problem is that you are trying to personally own information that you don’t understand.
Cash flow is just treading water if there are no profits.
The only thing that can be reinvested is profit. If you aren’t making profit, you have zip to reinvest.
So he took on Goliath with what he was familiar with.
@MemeFan, you are fighting battles by looking up information, but it’s obvious that you don’t “own” your information. You are trying to slay your opponents arguments with knowledge that you are reading, but don’t truly have internalized.
You think that you are superior because you are quoting from what you believe is a superior source.
It’s not working, you don’t have the skills to use the information properly. Misapplied, the information is crazy, which you take personally when it is pointed out. The problem is that you are trying to personally own information that you don’t understand.
Cash flow is just treading water if there are no profits.
The only thing that can be reinvested is profit. If you aren’t making profit, you have zip to reinvest.
I love Jeff Durbin. He has put out a ton of good content. I love how he questions why people use the Latin word for "baby" (fetus), when they argue in favor of abortion.
Have you ever owned a business @MemeFan?
Note that if you had said "cash flow is more important than profit", I wouldn't have argued with you, as I could see how a case could be made for that. But when you said "Profit isn't important ... only cash flow is", that's ridiculous - it's an extreme, black and white statement, that is plainly wrong. Both are important to different degrees and for different reasons, and without either a business will ultimately fail. Note that there is a big difference between real profit and official reported taxable profit - a business might manage to use accounting rules to obscure their profits and claim to be technically making a loss, but unless there are real profits somewhere hidden behind the smoke and mirrors, the business will fail.
It is such black-and-white statements that make you sound like you don't have a clue what you're talking about and are just repeating something you read from someone else. This is not how a real expert in a subject matter speaks.
Note that if you had said "cash flow is more important than profit", I wouldn't have argued with you, as I could see how a case could be made for that. But when you said "Profit isn't important ... only cash flow is", that's ridiculous - it's an extreme, black and white statement, that is plainly wrong. Both are important to different degrees and for different reasons, and without either a business will ultimately fail. Note that there is a big difference between real profit and official reported taxable profit - a business might manage to use accounting rules to obscure their profits and claim to be technically making a loss, but unless there are real profits somewhere hidden behind the smoke and mirrors, the business will fail.
It is such black-and-white statements that make you sound like you don't have a clue what you're talking about and are just repeating something you read from someone else. This is not how a real expert in a subject matter speaks.
I don't do that. My thinking posts are derived by starting with one firm foundantion and applying logic. I'm too lazy to find quotes.
This is little exception. I wanted to say bankers quote correctly and you even get a litle post.
If I wanted to bury you in quotes I only need time to write posts like @Eristhophanes epic. I have Valuation from McKinsey how to value business and Bruce Henderson* writings which all put emphasis on cash flow.
I do have daily "whatvis happening in world routine". This is how you all my X/Twitter posts.
You can't buy anything with profit, only with cash.
Economical speaking there is one now.
What matters is taking care of cash flow. If you take good care of it, profit will take care of itself.
And any profititability calculation can be turned into cash out/cash in. Take care of cash out/cash it and profitability is assured.
And since any cash flow change impacts profit, but opposite isn't case then why bother with profit? Manage directly cause, not consequence.
Thanks on advice.