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Online usersPollWhat should the government do about ailing financial institutions? Nothing, except to back off and get out—as any Objectivist knows, intervention is treating the disease with the disease 85% Intervene judiciously—enough to avert a catastrophe that is otherwise imminent 3% Intervene massively—as it's doing 2% Nationalize the whole economy and be done with it. Bring on the USSA! 2% Something else (specify) 8% Total votes: 59
 Basic Economics by Thomas Sowell
 Economics In One Lesson by Henry Hazlitt
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Quote of the Day: Monopolies Submitted by Bravest Man in ... on Sun, 2008-06-22 22:58.
A 'coercive monopoly' is a business concern that can set its prices and production policies independent of the market, with immunity from competition, from the law of supply and demand. An economy dominated by such monopolies would be rigid and stagnant. "The necessary precondition of a coercive monopoly is closed entry—the barring of all competing producers from a given field. This can be accomplished only by an act of government intervention, in the form of special regulations, subsidies, or franchises. Without government assistance, it is impossible for a would-be monopolist to set and maintain his prices and production policies independent of the rest of the economy. For if he attempted to set his prices and production at a level that would yield profits to new entrants significantly above those available in other fields, competitors would be sure to invade his industry." Ayn Rand
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User loginFeatured BookNavigationSyndicate  The Fountainhead by Ayn Rand
 Atlas Shrugged by Ayn Rand
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Reed
For self employed, or shareholder employees, then ACC is based on net profit (first group), or shareholder salaries. Drawings from the business are irrelevant.
Note you pay ACC on personal services, thus, if you tell them you are a sleeping partner, etc, (or run simply a rental business), then you can get out of the premium, however, if you work more than 30 hours a week in the business then you are stuck with the premium, other than if you break the law of the land. If you work less than 30 hours, then you can be assessed on a part time basis, which means you will pay ACC on your net profit/shareholder salary. If no profit you won't pay. But again, if there is a profit, no way out of paying the premium, or if you work more than 30 hours a week, then you must cover at least the minimum premium.
Monopoly. You can't avoid it.
(Which is ironic when you then find out, as a self employed ACC payer, how hard it is to get a payout from them when you have an accident.)
If you someone is not an
If someone is not an employee and only takes drawings do they have to pay ACC?
If not then ACC can be avoided in a way similar to avoiding my road toll.
ACC
ACC
[Ahem, yes, I'd forgotten that thread, or rather, my non-response to. Bookmarked it, but from Thursday I'm away for ten days, no Internet, so it might be after that. On the topic of that thread, I would urge you to check out the movie on the new thread I started - The Sea Inside. Same topic, quoting the Catholic Priest in the movie; 'God owns your body'
We can discuss on my return.]
Mark - Can you give me any
Mark -
Can you give me any example of what you would consider a monopoly?
[Ahem]
Reed
Tell you what Reed, let us two pool our capital and set up a ferry service by sea, or perhaps even an airline. So long as we undercut what the landowner will charge to move across his land, then we've got a profitable venture. You could give your profits to the church, and I could drink mine
It would be simple for
It would be simple for someone to purchase a strip of land to isolate a peninsula from the mainland. The purchaser would then have a road access monopoly. In fact, any piece of land could be isolated by buying the surrounding land.
Without government assistance, it is possible for a would-be monopolist to set and maintain his prices independent of the rest of the economy.