this post was submitted on 20 Oct 2024
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[–] TheDemonBuer 9 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

I think some industries, like housing, healthcare, banking, etc should be primarily not-for-profit. Not-for-profit companies are not hypothetical or theoretical, they exist, right now, today. Credit unions are a good example, but not-for-profit companies exist in many different industries. Intermountain Health is a not-for-profit healthcare system in the Mountain West, and they have nearly 400 clinics and over 30 hospitals. They employ 64,000 people. During his presidency, Obama mentioned them as a model for healthcare, as they are able to offer high quality healthcare that is often less expensive than other for-profit offerings.

It's important to note that not-for-profit is different from non-profit. A non-profit is not allowed to have a surplus at the end of the year, whereas a not-for-profit is. However, unlike a typical for-profit companies, not-for-profits don't distribute their surplus (profit) to owners, they reinvest it into the company.

[–] RustyEarthfire 1 points 3 weeks ago (1 children)

Not sure where you got the information a non-profit is not allowed a surplus at the end of the year. A 501(c)(3) charity can carry cash reserves (or other holdings) from year to year.

[–] Alexstarfire 3 points 3 weeks ago* (last edited 3 weeks ago) (3 children)

Military got to get their money somehow.

[–] Zorque 3 points 3 weeks ago (1 children)

"And yet our veterans are living in cardboard boxes"

[–] Alexstarfire 0 points 3 weeks ago (1 children)

They're no longer part of the military at that point.

[–] Zorque 1 points 3 weeks ago (1 children)

That's a cheap cop-out excuse.

[–] Alexstarfire 2 points 3 weeks ago

I agree, but that's certainly how the government views them.

[–] tb_ 3 points 3 weeks ago (1 children)

I dont think this post is about taxes

[–] Alexstarfire 1 points 3 weeks ago

There's a lot of costs involved outside of labor. I picked one of them. Not likely a major contributor though.

[–] Maggoty 2 points 3 weeks ago

Payroll and company taxes are not the problem.

[–] distantsounds 1 points 3 weeks ago (1 children)

It’s not cheap making and giving all those bombs away

[–] Maggoty 1 points 3 weeks ago

The problem is greed, not taxes.