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actually you are deluded if you think a non profit company does not make a profit. they use accounting tricks to show no profit, but trust me, they need to make a profit just like any other business. if they dont, they end up with no cushion to handle hard times, and when that happens, they cut back on costs, just like any other business, or they go out of business.
You really need to research non-profit organizations. Here's a start.
A nonprofit corporation (also called "not for profit corporation") is formed by incorporators, has a board of directors and officers, but no shareholders. These incorporators, directors and officers may not receive a distribution of (any money from) profits, but officers and management may be paid reasonable salaries for services to the corporation.
A nonprofit corporation (also called "not for profit corporation") is formed by incorporators, has a board of directors and officers, but no shareholders. These incorporators, directors and officers may not receive a distribution of (any money from) profits, but officers and management may be paid reasonable salaries for services to the corporation.
i know how non profits work. i also know the accounting tricks used to by all corporations to reduce or eliminate profits when they need to. most non profits reinvest their profits into the business in a variety of ways. others donate the excess to charity.
Otherwise people would switch over to not-for-profit insurers.
What makes people stay with greedy evil for profit insurance companies?
Surely you know the answer to that one. It's who their company selects. Most people have very little choice of who their insurer is.
Quote:
Originally Posted by rbohm
i know how non profits work. i also know the accounting tricks used to by all corporations to reduce or eliminate profits when they need to. most non profits reinvest their profits into the business in a variety of ways. others donate the excess to charity.
I'm not convinced you really know the difference between a non-profit and a for profit corporation.
I'm not convinced you really know the difference between a non-profit and a for profit corporation.
trust me i know. i have worked for for-profit and non profit companies. i also have training in accounting, as well as some experience so i know many of the tricks of the trade.
The government? If you get your insurance through your employer, they are the ones who make the choices. BTW, a couple of the biggest insurers, Kaiser and some Blue Cross/Blue Shield plans, are non-profit.
And why should grocery stores be a profitable business? Or clothing stores? Why should companies profit by providing us food, or clothing, or shelter: why are homebuilders allowed to make a profit? It's the 21st century--don't we all need cell phones? Why should there be any profit in that? And with all our worrying about how "others" are out to get us, we need entertainment provided by non-profits to ease our anxiety and improve our health.
Oh, wait a minute...profit was the motive force behind the greatest, most prosperous society on the face of the earth in all of history. Never mind.
Please, do your history research before making such outlandish statements such as the one in which you unabashedly claim this wreck of an economy to be the "most prosperous" ever. Some very old ag economies were far more substantial and for a far longer period of time.
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