• chiliedogg@lemmy.world
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    11 months ago

    What official dictionary says profit is theft?

    Profit is money that is kept by shareholders. That money is effectively their wage. If you buy a portion of a company, you normally don’t receive a wage.

    Do you have a retirement or a savings account? Do you consider yourself a thief?

    • LemmysMum@lemmy.world
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      11 months ago

      You really should pick up that dictionary before you continue being wrong about the definition of profit.

      You can keep coming back and being wrong or you can actually read the definition.

      Profit is money that is kept by shareholders. That money is effectively their wage. If you buy a portion of a company, you normally don’t receive a wage

      All this? Wrong. You have no clue what the word profit means. Open a dictionary for the love of knowledge. Stop being a willfully ignorant cuck to your own ego.

      • chiliedogg@lemmy.world
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        11 months ago

        From the Oxford English Dictionary:

        “A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something”

        There’s nothing about theft or any of the other nonsense you’re talking about. And dividends, salaries, and stock trades are 3 very different ways of making money from a business.

        Profit is income that is greater then expenses and is the property of the business and/or its stakeholders. Profit can be used to pay dividends, be reinvested in the company, can be used as collateral, or added to the value of a company (sometimes represented through increased stock values).