Yep, and as the writer points out, it makes people susceptible to supporting burdensome taxes and regs on business because they imagine there’s lots of cushion.
I think I first found this factoid out when I read one of Thomas Sowell’s books.
I agree. Boy, can you imagine how blazingly successful a company could be to realize 30% profit margin?
It would be fun to see someone ask Occasional-Cortex or the Warren/Harris/Booker turd-set this question in an unscripted setting on national television. “What is the average profit-margin that Apple Computer achieves each year?”