From: GERALD LEVY (gerald_a_levy@msn.com)
Date: Thu May 22 2008 - 14:36:43 EDT
> In the US especially, a very large fraction of fixed equipment used in production is not owned by the producers, but leased Hi Jurriaan: According to the most recent statistics, what is that fraction (or %)? In solidarity, Jerry > - leasing is tax > deductible and does not appear as a debt or a liability; the IRS does not regard an operating lease as a purchase, but rather as a tax-deductible > overhead expense. Consequently it is often more profitable to rent rather than to buy. Conversely, in rentier capitalism the ownership of an asset is > only a collateral for a vastly larger sum of borrowed capital, which is used to extract an income much larger than the cost of borrowing. _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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