Word: profitable
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Dates: during 1940-1949
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...amateurs are likely to be tinkering with our economic machinery. . . . It should be kept in mind that generous, even fabulous, rewards for those at the top are as a magnet that all along has been exerting an upward pull. . . . After all, what you find in a pay envelope is profit and most of the people I have known in my life have been constantly trying to get a fatter pay envelope...
Despite some black-market shenanigans, most of the price increases have been perfectly legal under OPA's regulations, because normal profit margins are allow able, and higher fabric and labor costs pyramid from textile weaver to manufacturer to retailer...
...Renegotiation of profits after taxes, instead of before. Their argument: no businessman or stockholder thinks a "profit" before taxes means anything...
Even Businessman Jesse Jones joined the Army & Navy in opposing renegotiation after taxes. Their grounds: 1) it would make the Government pay industry's taxes, in effect, 2) would fail to distinguish between the profit that industry deserves on its own investment and what it should get on the investment of public funds (as in the case of Government-built factories). All Government witnesses, including the Treasury, came out flat-footed against allowing postwar reserves as a cost item in war contracts. Their reasons: 1) existing tax laws already allow for some postwar reconversion cost...
...reporter asked if he was talking about social security, he said bluntly, "No. In business too. They're interested in cartels and other protective devices. They would like us to join in dividing up world markets, but I told them it wouldn't work. . . . They want only profit, whereas we have always thought of ours as a profit-&-loss system...