[Shannon Williams (2010.11.22.0837 CST)]
[From Bill Powers (2010.11.22.0837 MDT)]
Ayn Rand in her innocence lays out in plain view every twisted
rationalization imaginable to excuse the inhuman way her heros treat the
rest of the human race
I have been looking at Employer Data on census.gov
(http://www.census.gov/epcd/www/smallbus.html). I think Rick or
someone posted this information last year but I did not look at it
then. It is quite an eye-opener and makes it easy to see why the
money keeps getting stuck in just a few hands. Luckily not all of
the ultra rich exhibit Ayn Rand's vaunted virtues, because it is
within their power to take much more than 90% of total wealth in the
country.
According to the census website, in 2002 there were 5.6 million firms
in the US. They employed 112 million people with total receipts of
$22 trillion and payroll of $4 trillion. Almost one half of all $22
trillion receipts was accounted for by only 2000 firms. Since there
is only about $1 trillion dollars in circulation
(How Currency Gets into Circulation - FEDERAL RESERVE BANK of NEW YORK), that means
that pretty much all of the money in circulation passes through these
2000 firms many times in a year.
···
--
Shannon
[Martin Lewitt Nov 22, 2010 1442 MST]
[Shannon Williams (2010.11.22.0837 CST)]
[From Bill Powers (2010.11.22.0837 MDT)]
Ayn Rand in her innocence lays out in plain view every twisted
rationalization imaginable to excuse the inhuman way her heros treat the
rest of the human race
I have been looking at Employer Data on census.gov
(http://www.census.gov/epcd/www/smallbus.html). I think Rick or
someone posted this information last year but I did not look at it
then. It is quite an eye-opener and makes it easy to see why the
money keeps getting stuck in just a few hands. Luckily not all of
the ultra rich exhibit Ayn Rand's vaunted virtues, because it is
within their power to take much more than 90% of total wealth in the
country.
That must be wrong, because the government alone definitely has more than 2% of the wealth.
According to the census website, in 2002 there were 5.6 million firms
in the US. They employed 112 million people with total receipts of
$22 trillion and payroll of $4 trillion. Almost one half of all $22
trillion receipts was accounted for by only 2000 firms. Since there
is only about $1 trillion dollars in circulation
(How Currency Gets into Circulation - FEDERAL RESERVE BANK of NEW YORK), that means
that pretty much all of the money in circulation passes through these
2000 firms many times in a year.
These figures are unrelated, most of the transactions are probably electronic and don't involve the actual currency. I'm not sure what point you are trying to make.
-- Martin L
···
On 11/22/2010 2:14 PM, Shannon Williams wrote:
--
Shannon
[Shannon Williams (2010.11.22.1637 CST)]
�[Martin Lewitt Nov 22, 2010 1442 MST]
According to the census website, in 2002 �there were 5.6 million firms
in the US. �They employed 112 million people with total receipts of
$22 trillion and payroll of $4 trillion. �Almost one half of all $22
trillion receipts was accounted for by only 2000 firms. � Since there
is only about $1 trillion dollars in circulation
(How Currency Gets into Circulation - FEDERAL RESERVE BANK of NEW YORK), �that means
that pretty much all of the money in circulation �passes through these
2000 firms many times in a year.
These figures are unrelated, most of the transactions are probably
electronic and don't involve the actual currency.
OK. What is the current amount that is used in the formula: V=PQ/M?
I'm not sure what point
you are trying to make.
I am just saying that 2000 companies (out of 25.4 million) account for
over half of the Annual Payroll (and sales or receipts). That is a
tiny little funnel for all of the money to circulate through.
Sincerely,
Shannon
[Martin Lewitt Nov 22, 2010 2057 MST]
[Shannon Williams (2010.11.22.1637 CST)]
[Martin Lewitt Nov 22, 2010 1442 MST]
According to the census website, in 2002 there were 5.6 million firms
in the US. They employed 112 million people with total receipts of
$22 trillion and payroll of $4 trillion. Almost one half of all $22
trillion receipts was accounted for by only 2000 firms. Since there
is only about $1 trillion dollars in circulation
(How Currency Gets into Circulation - FEDERAL RESERVE BANK of NEW YORK), that means
that pretty much all of the money in circulation passes through these
2000 firms many times in a year.
These figures are unrelated, most of the transactions are probably
electronic and don't involve the actual currency.
OK. What is the current amount that is used in the formula: V=PQ/M?
Your link pointed out that most of the physical currency actually circulated outside the country. The appropriate M to use would probably that portion of the physical current circulating within the country plus the demand deposits available for checking and electronic transfer.
I'm not sure what point
you are trying to make.
I am just saying that 2000 companies (out of 25.4 million) account for
over half of the Annual Payroll (and sales or receipts). That is a
tiny little funnel for all of the money to circulate through.
So I guess the concern would be whether that is enough competition to avoid monopoly power. There is international competition as well. It is a much more diverse funnel than would be had with a centrally planned economy where the government owned the means of production. Look at all the taxes the government gets away with on your utility bills for a taste of how the government would behave with more control of the means of production.
-- Martin L
···
On 11/22/2010 3:32 PM, Shannon Williams wrote:
Sincerely,
Shannon
[Shannon Williams (2010.11.23.10:00 CST)]
�[Martin Lewitt Nov 22, 2010 2057 MST]
[Shannon Williams (2010.11.22.1637 CST)]
According to the census website, in 2002 �there were 5.6 million firms
in the US. �They employed 112 million people with total receipts of
$22 trillion and payroll of $4 trillion. �Almost one half of all $22
trillion receipts was accounted for by only 2000 firms. � Since there
is only about $1 trillion dollars in circulation
The appropriate M to use would probably that portion
of the physical current circulating within the country plus the demand
deposits available for checking and electronic transfer.
Ok. If you don't like the $1 trillion number for M, can you give a
number that you are more comfortable with? Here is another link
that discusses the amount of money in circulation.
http://answers.yahoo.com/question/index?qid=20080313171247AA0EwkQ.
All of the links indicate that there is a close link between what
banks are allowed to circulate and what they hold in the Federal
reserve.
I am just saying that 2000 companies (out of 25.4 million) account for
over half of the Annual Payroll (and sales or receipts).
So I guess the concern would be whether that is enough competition to avoid
monopoly power. �... � It is a much
more diverse funnel than would be had with a centrally planned economy where
the government owned the means of production.
You have a strong reference against anything called 'government' and a
strong reference for anything called 'the individual'. From other
threads, I also know that you have a logical reference related to the
concept of 'survival' that fits into your scheme of things. This
logical reference is not as emotionally maintained as the 'government'
and 'individual' references, however, I hope to show you that the
survival reference is in direct conflict with the 'individual'
references. It is only the reality of 'government' that keeps this
conflict managable.
You can see the threat to your very survival by looking at the fact
that 25% of the population is employed by 2000 firms. If these firms
decided to cut payroll by 50%, 25% of the population would have to
take that cut. They cannot all go out and find an alternate source
of income. Even if this pushed them into poverty, the employees would
have accept it or perhaps turn to stealing. What do you think that
the employees would do if their paycheck were suddenly cut by 50%?
Also, how would the paycut by those 2000 firms impact the other 5
Million firms?
Sincerely,
Shannon