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To: Phantom Lord
Intelligent investment versus greed? I think greed is more of a term in taking more than one actually needs as to inflict 'economic' harm on others.

i.e. Six kids sitting at the dinner table and the last kid doesn't get any mashed potatoes because 3 of the the 6 other kids really loaded their plates up and forgot about the 6th kid being part of the family too.

I think greed involves some intentional type of stealing from others. How about $10 / 10 lb. bag of ice versus one selling $3 / 10 lb. bag of ice ($3/ bag is more than double the average price)after a major storm? That's greed, dude!! The same is done in all sectors of the global economy, oil and gas futures included. Maybe simply, just one of the dark sides of liberty and capitalism, but eventually people learn to make their own ice.

28 posted on 01/04/2007 10:54:37 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt
I think greed is more of a term in taking more than one actually needs as to inflict 'economic' harm on others.

think greed involves some intentional type of stealing from others.

I agree 100% from a definition stand point, but the democrats and other enemys of freedom do not see greed in that light, and none of their discussions or uses of the word greed are used in that manner.

How about $10 / 10 lb. bag of ice versus one selling $3 / 10 lb. bag of ice ($3/ bag is more than double the average price)after a major storm? That's greed, dude!!

Is that really greed? Or is it the going market price for a limited commodity?

How about if I buy 50 generators at $300 a piece and then drive them to a hurricane stricken area and sell them for $1,000 each. Is that greed? Or is that providing a product and service to a set of people who would otherwise go without and are more than happy to trade their money for my product because having that product means more to them and is worth more to them than having the cash in their pocket?

I would say I was meeting a market demand and the reason I did it was my personal greed of wanting to make a profit and provide for my family.

29 posted on 01/04/2007 11:08:38 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: RSmithOpt
Supply & demand.......

It's worked for thousands of years..on the retail and the wholesale level.

So...should the ice seller...just sell all his ice at previous prices..and then have no ice for days on end..because of this fictional storm?

And it's not stealing...when people are paying for it.

51 posted on 01/04/2007 3:11:56 PM PST by Osage Orange (molon labe)
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