[GLLUG] Overclockers

[Dylan]

On 20/04/14 09:22, Don Williams wrote:
> Deeply offensive.

Howso? Company directors have a legal duty to act in the best interest 
of /the company/ and that duty is almost universally interpreted to 
mean: make as much profit as possible / ensure the highest possible 
share value. Just because it's stated with cynical hyperbole doesn't 
make it offensive.

£0.02
Dylan

Isn't it bad enough that we have free-market-nutters
> messing up computing without such stone-age numptys entering the fray? Don
> Williams
>
>
> On 19 April 2014 13:53, Christopher Hunter <cehunter at gb-x.org> wrote:
>
>>
>> On 18/04/14 15:38, Alain Williams wrote:
>>
>> On Fri, Apr 18, 2014 at 03:27:52PM +0100, JLMS wrote:
>>
>>
>>   It works both ways, that's why it is called "common market", one of the
>> consequences being that double taxation is minimised or avoided entirely.
>>
>> Amazon provides great service and pays the taxes they are told to pay, I
>> don't see why people should apologize for using them.
>>
>>   Because they game the system, they make a lot of money in the UK but transfer
>> the profits to another country. Yes: other companies do it and they get flaq as
>> well - eg Starbucks
>>
>>
>>   Capitalism for Beginners:  Lesson One
>>
>> 1.    Profit is ultimately all that counts.  Do not be put off by
>> "socialists" and other naysayers - you have a duty to your
>> shareholders to make as much profit as possible.
>>
>> 2.    If the taxation is higher in one territory than another in which you
>> also trade, transfer your profits to the country        with the lower
>> taxation.  This is your duty (see 1. above).
>>
>> 3.    Only move your profits in the amounts allowed by local laws - if you
>> are prevented from moving your profit to a        lower tax region,
>> increase your retail prices to compensate.  Governments quickly realise
>> that sales are going            overseas and that this is hurting their
>> economy.  They will usually make the necessary adjustments.  If they don't,
>>         increase retail prices until they do (this works particularly well
>> with fuel and energy companies).
>>
>> 4.    Always maximise profit to cost ratios (see 1. above).
>>
>> 5.    Prosper!
>>
>>
>> C.
>>
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