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#1
posted to rec.boats
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For those who care about "the markets..."
On Thu, 15 Oct 2009 17:12:21 -0400, somebody wrote:
There's no reason why truly not-for-profit companies couldn't handle the job. That's a great idea, don' know why I didn't think of it first. Let's put together a group of like minded entrepreneurs, invest some money, and start a private not-for-profit company to do this. Oh wait, what's our incentive? How do we get compensated for our time, effort and risk? The devil is always in the details. Marx and Lenin founded an economic system with no incentives for risk and effort. We all know how that turned out. |
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#2
posted to rec.boats
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For those who care about "the markets..."
On Thu, 15 Oct 2009 19:56:09 -0400, Wayne.B wrote:
On Thu, 15 Oct 2009 17:12:21 -0400, somebody wrote: There's no reason why truly not-for-profit companies couldn't handle the job. That's a great idea, don' know why I didn't think of it first. Let's put together a group of like minded entrepreneurs, invest some money, and start a private not-for-profit company to do this. That's exactly how Blue Cross\Blue Shield started, and some of them are still non-profit. Oh wait, what's our incentive? How do we get compensated for our time, effort and risk? The devil is always in the details. Marx and Lenin founded an economic system with no incentives for risk and effort. We all know how that turned out. |
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#3
posted to rec.boats
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For those who care about "the markets..."
thunder wrote:
On Thu, 15 Oct 2009 19:56:09 -0400, Wayne.B wrote: On Thu, 15 Oct 2009 17:12:21 -0400, somebody wrote: There's no reason why truly not-for-profit companies couldn't handle the job. That's a great idea, don' know why I didn't think of it first. Let's put together a group of like minded entrepreneurs, invest some money, and start a private not-for-profit company to do this. That's exactly how Blue Cross\Blue Shield started, and some of them are still non-profit. Oh wait, what's our incentive? How do we get compensated for our time, effort and risk? The devil is always in the details. Marx and Lenin founded an economic system with no incentives for risk and effort. We all know how that turned out. I know of a non profit that was aquired, merged, what ever you want to call it. the $25 mil in non profitable assets was partially distributed amongst the high level management. I suppose the IRS cannot claim any of that money. |
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