I agree with you, Sometimes I wonder if the following is what's happening. If there's a 25% profit margin based on conditions for the year then a small guy making $100,000 gross makes $25,000 and gets a job in town. The large guy with say a $400,000 gross gets a $100,000 profit (buys new equip. toys etc like all of us would). Conditions change and there is only a 5% profit the next year. The guy with the $100,000 gross makes $5,000. wonders if it's worth doing and gripes/complains can't afford to fix his 40 year old equip. The large guy gets a $20,000 profit, tightens the belt a bit and borrows from the bank for the year if he has too. Things will be fine again in a year or two when profits are back around 20-30%. I think we often forget that in a business it's all about the profit margin. If the tiny profit margin is off of a large sum it is still enough actual money to live off of. The jealousy and frustration comes in that most of us didn't inherit and will not in a lifetime of working get the equity it takes to live off of a %5 profit margin. That's life....
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Today's Featured Article - Tractor Profile: Ferguson TO-20 - by Staff. When the infamous "Handshake Agreement" between Henry Ford and Harry Ferguson fell by the wayside (that's a story in itself), Harry Ferguson quickly set up manufacturing plants for a United States version of his English TE-20. The TO-20 was relatively the same as the TE-20 except utilized some different casting materials and had a US-style electrical system. The TO-20 was a dead ringer for the Ford 9N and 2N models and they say that Ferguson did this on purpose when the Handshake Agreement wen
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