Comments On Evolutionary Economics. Vol. Ii, No. 2. October 28, 2019 Valuation And General Accounting Standards
Language: English
Published by Athena Press, Pasadena, 2019
- First Edition
- Signed
- Used
Seller: Arroyo Seco Books, Pasadena, Member IOBA, Pasadena, CA, U.S.A.Arroyo Seco Books, Pasadena, Member IOBA
AbeBooks seller since August 25, 1999
Association member: IOBA
Condition: Used - Fine
£ 38.79
Quantity: 1 available
Add to basketItem description from seller
The Assumption Of These Papers Is That The Justification For Government Is To Provide For The Common Welfare. In The Valuation Of Companies For Purposes Of Taxation And Regulation, The Affected Parties Are The General Public, Who Own, Buy, Or Sell Companies Or Shares In Them; The Financial Institutions Who Use Borrowed Or Invested Money To Finance These Companies; And The Government, Which Needs To Value Companies For Purposes Of Regulation And Taxation. All Traditional Methods Of Valuation Are Misleading, Because Historical Evidence Shows That Almost All Companies Actually Have Almost No Enduring Value. The Explanation Appears To Be That Most Companies Have Valuations Elevated By Speculative Use Of Borrowed Or Invested Money To Buy A Going Concern Which The Original Owners Sell Off When It's Future Economic Potential Has Become Overpriced. A Company Has Several Distinct Elements Of "Real" Value: 1. The Value Of Its Assets, Were They To Be Sold Immediately To Willing Cash Buyers Using Their Own Money (Not Borrowed Money, Because Purchases With Borrowed Money Are Merely Speculative); 2. The Value Of Its Net Income Stream, Were That To Be Sold Immediately To A Willing Cash Buyer Using Their Own Money; And 3. The Sum Of The Company's Value And Costs To Some Portion Or All Of Society ( A Sum Of The Revenue Which That Society Or Portion Of Society Will Pay Annually To Ensure The Goods And Benefits Provided By That Company, And Balanced Against The Costs Of That Company To Society, Parts Of Society, And The Governments Involved, For Pollution, Trash Generation, Short And Long Term Health Hazards, Fraud, Waste, Abuse, Destructive Alterations To Natural Landscapes, And The Visual, Auditory, And Olfactory Ugliness Of Its Projects Or Products, Etc.) This Kind Of Valuation Is Not In The General Accounting Standards Used To Disclose Information To Investors, The General Public, Or The Government, Because The Standards Are Designed To Be Acceptable To Corporations So As To Lure In The Maximum Number Of Investors, Which Is Like Letting The Fox Design The Hen House, Or, More Accurately, Letting The Sociopaths Design The Justice System. Regarding Item 1., The Value Of Assets, This Is The Standard Used By Courts Except That Speculative Purchases Using Borrowed Money Must Be Unacceptable Because That Borrowed Money Could Have Better Uses To Society Than Subsidizing The Speculative Fantasies Of The Buyer, And Should Not Be Considered Real Value As Such Purchases Change Unpredictably And Arbitrarily Depending Upon All The Factors In The World. Companies Are Always Worth Much Less Than Their Theoretical Asset Value, That Is, What Their Assets Would Be Worth If Sold To Speculative Sociopaths. Regarding 2., The Value Of The Net Income Stream, This Is A Separate Component Of Value, And Is Similar To The Value Of A Single Person's Potential Net Income. If The Assets Can All Be Sold, But All Leased Back For A Dollar A Year, And The Net Income Retained, The Investment Value Of That Net Income Is This Component Of The Company's Value. Regarding 3., The Costs And Benefits To Society, This Is A Component Of Both Revenue And Assets Separately; The Assets May Have No Benefits To Society, Being A Poor Use Of Society's Resources, And May Or May Not Have Further Costs To Society For Clean-Up, Etc. Likewise The Revenue Stream May Have Costs To Society (Depressing Skills Of The Workforce By Keeping People In Dead-End Jobs, Etc.), And May Have Benefits (Providing Essential Services For Health, For Example). Full Recognition Of Values Of Assets And Income Allows For Better Use Of Society's Resources, Prevents Misuse And Uneconomic Use Of Assets By Investors And Investment Managers, And Allows For Proper Government Taxation And Regulation; Ess Than Full Recognition And Acknowledgment Is, Well, Fraud.…
Seller Inventory # 042964
Bibliographic details
- Title
- Comments On Evolutionary Economics. Vol. Ii, No. 2. October 28, 2019 Valuation And General Accounting Standards
- Author
- Clauser, Stephen Michael
- Publisher
- Athena Press, Pasadena
- Publication year
- 2019
- Condition
- Fine
- Signed
- Signed by Author(s)
- Binding
- No Binding
- Language
- English
- Edition
- 1st Edition
- Seller catalogs
- Economics and Business, Government, Politics, Law, Punishment, & Human Rights, or Lack Thereof, Philosophy and Thoughtfulness
Arroyo Seco Books, Pasadena, Member IOBA
Pasadena, CA, U.S.A.
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Arroyo Seco Books, Pasadena, Member IOBA
CA, U.S.A.
Arroyo Seco Books, on-line and by appointment since 1998, lists 20,000 books in all fields, especially science, art, philosophy, social science, literature, and science fiction, and also art, primarily antiquarian and modern prints. We purchase private libraries. Member of IOBA. Open by appointment in Pasadena, California, USA. Contact: Stephen Clauser, email arroyosecobooks@earthlink.net, telephone 626-372-3863.
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