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Re: 1973--TI 8 digit electric calculator--$99.95

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"Dan Espen" <despen@verizon.net> wrote in message 
news:moh4bk$vn2$1@dont-email.me...
> Morten Reistad <first@last.navn> writes:
>
>> In article <modnnj$vsv$2@dont-email.me>, Dan Espen  <despen@verizon.net> 
>> wrote:
>>>Peter Flass <peter_flass@yahoo.com> writes:
>>>
>>>> jmfbahciv <See.above@aol.com> wrote:
>>>>> Stephen Sprunk wrote:
>>>>>> On 16-Jul-15 16:49, Peter Flass wrote:
>>>>>>> Stephen Sprunk <stephen@sprunk.org> wrote:
>>>>>>>> On 16-Jul-15 08:21, jmfbahciv wrote:
>>>>>>>>> There is a big difference between earned and unearned.
>>>>>>>>
>>>>>>>> Yes; the former is productive and the latter is parasitic.
>>>>>>>>
>>>>>>>> It is downright offensive for parasites to pay a lower tax rate
>>>>>>>> than producers.  At minimum, the parasites should pay the same
>>>>>>>> rate, and there is plenty of justification for them paying a
>>>>>>>> _higher_ rate.
>>>>>>>
>>>>>>> That's where Marx got it wrong.
>>>>>>
>>>>>> I said several different things there, so which are you saying is in
>>>>>> agreement with Marx and incorrect?
>>>>>>
>>>>>>> You need labor _and_ capital (and raw materials) to  produce wealth.
>>>>>>> One is no good without the others.
>>>>>>
>>>>>> Labor alone produces Wealth; Capital is _not_ required.
>>>>>
>>>>> Please give an example where capital is not required.  I can't think 
>>>>> of
>>>>> anything.  Even prostitution requires a bedroom.
>>>>
>>>> A lot of software development nowadays.  Most people have already made 
>>>> the
>>>> capital investment by buying the hardware anyway.  After that all it 
>>>> takes
>>>> is ability and time.
>>>
>>>That's a good example.
>>>Back in the 70s me and a friend started a consulting outfit with just
>>>about zero capital.  I think we worked for a month before the first
>>>check came in.  We "borrowed" office space in exchange for coding.
>>>Eventually employed about a dozen people.
>>
>> You are confusing liquid, financial capital with working capital. Yes,
>> you started with almost no financial capital, but had a deal on e.g.
>> the working capital of the building, and the personal machines of the
>> employees.
>
> Personal machines?
>
> This was the 70s.  Early 70s.

I had a personal machine at home in the very
early 70s, a DEC LSI 11, with a 7.5MB hard drive.

>> You were working the hyperbola at the capital corner of the production
>> curve, just a little capital made your life a whole lot easier. Like the
>> office space, the home computers the employees-to-be brought in etc.
>>
>>>I'd guess software development is an exception.
>>
>> No it isn't. It is just very labour intensive relative to the two other
>> factors.
>
> Somehow we started a business without capital.
> Yes we used other peoples capital, but we never needed to go to bank
> or use our savings.

That is just one way of using capital. 

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Re: 1973--TI 8 digit electric calculator--$99.95 Dan Espen <despen@verizon.net> - 2015-07-19 17:22 -0400
  Re: 1973--TI 8 digit electric calculator--$99.95 Morten Reistad <first@last.navn> - 2015-07-20 00:00 +0200
    Re: 1973--TI 8 digit electric calculator--$99.95 Dan Espen <despen@verizon.net> - 2015-07-19 21:16 -0400
      Re: 1973--TI 8 digit electric calculator--$99.95 Tim Streater <timstreater@greenbee.net> - 2015-07-20 09:07 +0100
        Re: 1973--TI 8 digit electric calculator--$99.95 Andrew Swallow <am.swallow@btinternet.com> - 2015-07-20 11:52 +0100
        Re: 1973--TI 8 digit electric calculator--$99.95 jmfbahciv <See.above@aol.com> - 2015-07-20 13:29 +0000
          Re: 1973--TI 8 digit electric calculator--$99.95 Tim Streater <timstreater@greenbee.net> - 2015-07-20 14:39 +0100
          Re: 1973--TI 8 digit electric calculator--$99.95 Stephen Sprunk <stephen@sprunk.org> - 2015-07-20 10:45 -0500
            Re: 1973--TI 8 digit electric calculator--$99.95 jmfbahciv <See.above@aol.com> - 2015-07-21 12:53 +0000
        Re: 1973--TI 8 digit electric calculator--$99.95 Morten Reistad <first@last.name.invalid> - 2015-07-21 09:48 +0200
  Re: 1973--TI 8 digit electric calculator--$99.95 "kshy" <kshy@gmail.com> - 2015-07-20 08:32 +1000

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