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- #21
Agreed. Income is profit. Profit is what you gain from sales or labor.
Only after deducting all expenses and outlays can we arrive at a profit and/or gain.
It seems to be self-evident that a wage earner does in fact invest capital in pursuit of earning a wage, e.g., the cost of transportation to and from work; the cost of food which fuels the wage earners body during working hours; the costs involved with housing, medical needs, and even clothing are all expenses incurred by the wage earner and are necessary expenses and outlays which makes one’s labor possible. And this does not even take into account the “investment” of eight hours of life itself which the wage earner makes available to their employer, and that is in addition to the actual physical and mental labor invested by the wage earner, which is also made available to their employer.