Showing posts with label Profit. Show all posts
Showing posts with label Profit. Show all posts

Friday, February 21, 2025

Risks Being Considered

 

Is Profit the Purpose of Business?

 

No one goes into a business

Hoping to lose

Rather, it is profits and more profits

Which people choose.

 

Breaking even at first

With the base to improve

Would be a much better prospect

Than projecting to lose.

 

It is considered a loss

If profit margins decrease

And a business may downsize

To cause such to cease.

 

That profits are optimal

Is what businesses are about

And the greater the profit margin

The greater their clout.

 

That having been said

Here’s a question for you,

What are three top businesses

At least, in your view?

 

While you are thinking

I will give you my three:

First up would be the Government

Of a given country.

 

Time for governments to boldly reduce government spending | Fraser Institute

 

The people’s business

In which they have little say

And they, the employers work

To prop it up each day.

 

This is largely different

From the other two,

It is financed by the taxpayers

To pay the executive crew.

 

Often the employers

Don’t know an employee’s salary

Whose wages are much higher

Than the employers’ money.

 

The last verse to you

Probably makes little sense

But employers pay employees-

From this pick sense.

 

It is our tax dollars

That pay Government officers

Never mind that we have no say

In what they are offered.

 

They regulate our wages

But we can’t touch theirs

And I say that as our employees,

This is not fair.

 

Government is the first

And so much for this one,

There are just two more to go

And then I am gone.

 

Next is the bank

Where we bank our money

And where from reports received

There is great profitability.

 

10 banks that may face trouble in the wake of the SVB Financial Group  debacle - MarketWatch

 

Not for us really

But for the filthy rich,

You see banking millions of dollars

Is a wealthy tip.

 

Never ever will you hear

A bank has incurred a loss,

They make use of everybody’s money

At little or no cost.

 

When things are brown

They still make a profit

And ever, so often they cut back;

This is another trick.

 

Their service charges

Obliterate any interest received

Which is really “next kin” to nothing

As far as I perceive.

 

But they increase profits

In all kinds of circumstances

And we derive absolutely no benefit

In any of these instances.

 

Regarded as a nuisance

Are the smallest of accounts,

Too much time has to be wasted

Keying in these amounts.

 

Such persons are penalized

For these small accounts

And they struggled every month

To increase the amount.

 

I thoroughly dislike banks

But cannot do without

But that I prefer online than in line,

Is without a doubt.

 

10 banks that may face trouble in the wake of the SVB Financial Group  debacle - MarketWatch

 

Banks are an injustice

Especially to the poor

And the first business I mentioned

Helps to close the door…

 

The door to a better standard;

A better standard of living

Since there are few regulatory controls

On the bank’s profiteering.

 

The third and final one

Encompasses the first two

Though the first two benefit from this one

And this is true.

 

Everybody needs insurance

Of one kind or another

But how much individuals benefit

Is another matter.

 

A Brief Overview of the Insurance Sector

 

Corporations do benefit

And this, without a doubt

But any policy lapse re an individual

And he or she is given OUT!

 

No Government controls,

At least none that I know

For these companies do as they like

As the evidence shows.

 

One faithfully pays

And when comes time to benefit,

One is dragged over the coals

As a standard habit.

 

You may know an exception

But one is not the rule;

And God help you when they collapse

For then you look like a fool.

 

They are necessary evils

If you see what I mean

But that the poor is disadvantaged

Is the common scene.

 

As to which is the worse

I really don’t know

But I do pray they do far better

And that they let it show.

 

Governments and banks,

As well as insurance companies

Do not in any shape, form or fashion

Alleviate poverty.

 

Governments sustain a deficit

And it seems deliberately so

But for the other two as we all know,

Huge profits invariably show.

 

Stewart Russell © July 18, 2024

 

 

Thursday, December 22, 2022

VAT Free Gone

 

Local economist says Barbados tax-free shopping day unprogressive | Loop  Jamaica

 

Today should be light

VAT Free gone,

You should have seen the crowds

Understand, I was not one.

 

Now bajans must be broke

Not the famous and rich

But the poor struggling bajans

That fell in VAT Free ditch.

 

The merchants complain

‘Bout how things slow

But rather than drop prices,

They add on more.

 

Government gets in the act

And help them out

By putting extra money

In the merchants’ money pouch.

 

Hence, VAT Free Wednesday

And bajans went wild,

Lines all around the place

And they were not single file.

 

Spending on items

That they don’t really need

And all the time they feeding

The merchants’ greed.

 

Jamaican economist says Barbados VAT-free shopping day unprogressive | Loop  Barbados

 

From 4’oclock they assemble,

Outside a supermarket

Waiting for it to open

So they could pay their debt.

 

To Christmas, I believe,

What else can it be

When we spend what we don’t have

On things we don’t need.

 

Are bajans short of cash?

It did not really look so

For VAT Free Day came along

And the money flowed.

 

From the cash-strapped

To the merchants’ bank account

And seldom does one hear

What is the full amount.

 

One company was boasting

About their profits this year,

Over 200% from what I read

Was their profit share.

 

A trickle down to the poor

Becomes a rapid to the rich

When VAT Free days come along

And bajans fall in the ditch.

 

Next day prices return

And all the money gone

But bajans still finding money

In some kind of form.

 

What Is a Visa Card? Definition, Uses, Statistics, and Types

 

Visa cards maxed out

Residual bank accounts gone

Yet bajans still finding money

Like fowls picking corn.

 

VAT Free Wednesday gone

But bajans still turned on

To the Christmas sending spree

In more creative forms.

 

Spending is an artform

In which bajans are experts

And especially at Christmas time

They spend money like dirt.

 

And the glorified shopkeepers

That we call business men

Sit back and rake in the dollars

With little business acumen.

 

They don’t need to have any

With Government’s support

Who though severely cash strapped

Would the VAT abort. 


Can’t give tax returns

Because of the financial crunch

But will boost merchant sales,

What an interesting bunch!

 

But VAT Free gone

And poor bajans’ money too,

I hope you had better sense

And were not in the queue.

 

I may lose a few friends here

But only till Christmas gone,

VAT Free Wednesday has now passed

And it’s too late to be warned!

 

Things to consider when shipping to Barbados | Xpress Freight

 

Now there’s no VAT to pay in,

Not a cent yesterday!

The wheeling and dealing merchants

Had it all their own way.

 

No VAT for this Government

To write off regarding yesterday

Like when VAT is not paid in

And nobody goes to jail.

 

VAT Free Day gone

And I gone too!

Keep a little for January’s rainy days,

Please, won’t you?

 

Stewart Russell © December 22, 2022