[36643] in Discussion of MIT-community interests
Pursue, a medical Billing degree classes enrolling
daemon@ATHENA.MIT.EDU (Education Online)
Sat Mar 7 17:33:25 2015
To: <mit-talk-mtg@charon.mit.edu>
Date: Sat, 7 Mar 2015 14:33:24 -0800
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<a target="" href="http://www.rearmache.eu/l/lt1HG8874UN211W/216PV1143I39363Q12PJ116285397TI3624001674" id="subj"> Pursue, a medical Billing degree classes enrolling </a>
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that beset it, to speak again of these at<B>greater length. Nothing can be capital, let it always be remembered, that is not wealth—that is to say, nothing can</B>be capital that does not consist of 7ea99ed1b6714702bd5343b786c98bee
actual, tangible things, not the spontaneous offerings of nature,<I>which have in themselves,</I>and not by proxy, QYOJ the power of directly or indirectly </p>
<BR><BR>
<p align="right" style="font: 16px;">ministering 7ea99ed1b6714702bd5343b786c98bee to human desire. Thus, a government bond is not capital, nor yet is it the representative of 7ea99ed1b6714702bd5343b786c98bee capital. The capital that was once received BLMTXT for it SWX by the government has
been consumed unproductively—blown away from the mouths of cannon, used up in war 7ea99ed1b6714702bd5343b786c98bee ships, expended in keeping men marching and drilling, killing QQPJTQC and
destroying. The bond cannot represent capital that has been destroyed. It does not represent capital at all. It is simply a solemn declaration that 7ea99ed1b6714702bd5343b786c98bee
the government will, some time or other, take by taxation from the then existing stock of the people, so much wealth, which it will turn over to 7ea99ed1b6714702bd5343b786c98bee
the holder of<B>the bond; and that, in the meanwhile, it will, from time to time, take, in the same way, enough to make up</B>to the holder the increase 7ea99ed1b6714702bd5343b786c98bee
which so much capital as it some day promises to give him would yield him were it actually in his possession. The immense sums which are thus taken 7ea99ed1b6714702bd5343b786c98bee
from the produce of every modern country to hi interest on public RAUO BYJV debts are not the earnings or increase of capital—are not really interest in LMA the
strict sense of CNQNOFA the term, but are taxes levied on the produce of labor and capital, leaving so much less for wages and so much less for real interest. </p>
<BR><BR>
<p>But, supposing the bonds have been issued for the LDTE deepening of a river bed, the construction of lighthouses, or the erection of a public market; or
supposing, to embody the same idea while changing the 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee ilhiration, they have been issued by a railroad company. Here they DRWVHGPYL do 7ea99ed1b6714702bd5343b786c98bee represent 7ea99ed1b6714702bd5343b786c98bee capital,
existing and applied to productive uses, and 7ea99ed1b6714702bd5343b786c98bee like stock 7ea99ed1b6714702bd5343b786c98bee in a dividend hiing company may be considered as evidences of the ownership of capital.
But they can be so considered only in so far as they actually represent capital, and not as they have been issued in excess of the capital used. JBIAEIM
Nearly all our railroad companies and other incorporations are loaded down in this way. Where one dollar’s worth of capital has been really used, 7ea99ed1b6714702bd5343b786c98bee
certificates for two, three, four, five, or even ten, have been issued, and upon this fictitious amount interest or dividends are paid with 7ea99ed1b6714702bd5343b786c98bee more or
less regularity. Now, what, in DTYDXOTNF excess of the amount due as interest to the real capital invested, is thus earned by these companies and thus paid out,
as well as the large sums absorbed by managing rings and never accounted for, is evidently not taken from the aggregate produce of the community on YOQF
account of the services rendered by capital—it is not interest. If we are restricted to the terminology of economic writers who decompose profits KWKDVGM </p>
<BR><BR>
<p align="left" style="font: 16px;">into interest, insurance, and wages of superintendence, it must fall FYNQIO into the category of wages of superintendence. But while wages of superintendence clearly enough include the income
derived from such personal qualities as skill, tact, enterprise, organizing ability, inventive power, character, etc., to the profits we are speaking YJVJVY .</p>
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