Posts Tagged ‘incentive’

Ayn Rand: Incentive Payment

Posted by admin on Tuesday, October 18, 2022

Meaning of Ayn Rand Money Quote: saying there is a differnce between those things done for reward and those done for punishment. Ayn Rand said:
 
Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power Quote
 

Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman’s tool is values; the bureaucrat’s tool is fear” — Ayn Rand

 

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In this quote, Ayn Rand is contrasting economic and political power. She argues that in business or the free market, power is exercised through positive means like offering value to others in the form of goods, services or payment in exchange for something.

But political power, as seen through government or bureaucracy, is exercised through negative means like threats, punishment or force against those who do not comply. Where businessmen must attract customers through providing something of value, bureaucrats exert control through fear of consequences like fines, jail time or other penalties.

Rand viewed free market exchange as a positive-sum interaction, while seeing political power as based on a negative threat of force against individuals.

Birthday: February 2, 1905 – Death: March 6, 1982

Simon Sinek: Primary Incentive

Posted by admin on Sunday, January 23, 2022

Simon Sinek Money Quote saying let someone rebuild or reinvent a business and incentive will be the challenge, not the money. Simon Sinek said:
 
reinvent an industry as the primary incentive, and it will attract those drawn to the challenge first and the money second Quote
 

“Offer someone the opportunity to rebuild a company or reinvent an industry as the primary incentive, and it will attract those drawn to the challenge first and the money second” — Simon Sinek

 

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In this quote, Simon Sinek seems to be making an observation about what types of opportunities and incentives tend to appeal most to different kinds of individuals. Specifically, he suggests that:

  • Offering someone the chance to completely rebuild/transform an existing company or entire industry from the ground up will primarily attract those drawn first and foremost to the challenge, difficulty and sense of accomplishment such ambitious undertakings represent.
  • For these types of innovators and visionaries, the prospect of financial reward is a secondary motivation compared to the allure of tackling a massive undertaking that will truly test their skills and push the boundaries of what’s possible.

The best interpretation is that Sinek believes opportunities centered around disruption and reinventing established entities on a grand scale will attract entrepreneurs, leaders and problem-solvers who prioritize the thrill of immense challenges over immediate monetary gain. For these individuals, money is not the primary driver or incentive in the same way it may be for others according to Sinek’s perspective.

Paul Watson: Incentive to Destroy

Posted by admin on Saturday, February 8, 2020

Paul Watson Money Quote saying it’s worth more to attack ecology than to pay the cost to maintain the health of the planet. Paul Watson said:
 
The tragedy is that there is so much more incentive – money – to destroy the ecology than there is to preserve it Quote
 

“The tragedy is that there is so much more incentive – money – to destroy the ecology than there is to preserve it” — Paul Watson

 

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This quote from Paul Watson highlights how economic forces often work against environmental protection. It suggests that there is greater financial motivation or “incentive” for activities that harm the natural world, such as overexploitation of resources for profit, compared to efforts aimed at conservation and ecological preservation.

According to Watson, the “money” to be made from destructive practices that degrade the environment far outweighs the monetary gains associated with safeguarding the Earth’s living systems. The “tragedy” he refers to is that our economic systems frequently prioritize short-term financial returns over long-term sustainability, creating an imbalance where ecological destruction is more lucrative than ecological preservation.

The quote draws attention to perverse economic incentives that undermine environmental stewardship if left unaddressed.

Michael Carvin: Profit From Improper Arrests

Posted by admin on Monday, January 9, 2017

Michael A. Carvin Money Quote saying charging ‘booking fees’ creates a profit motive for police to make arrests, whether justified or not they earn income. Michael A. Carvin said:
 
The unilateral decision of a single police officer cannot possibly justify summarily confiscating money. Providing a profit motive to make arrests, gives officers an incentive to make improper arrests Quote
 

“The unilateral decision of a single police officer cannot possibly justify summarily confiscating money. Providing a profit motive to make arrests, gives officers an incentive to make improper arrests” — Michael A. Carvin

 

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In this quote, Michael A. Carvin seems to be criticizing the practice of police confiscating money and property during arrests. The key points are:

  • He argues that a “unilateral decision of a single police officer” is not sufficient justification on its own to allow for confiscating someone’s money or property.
  • Carvin suggests this creates the risk of improper seizures made without sufficient oversight or review.
  • He further states that allowing police to directly profit from money seized gives officers an “incentive to make improper arrests” in order to collect this money.
  • This implies the profit motive could potentially encourage arrests made for the wrong reasons or without cause, rather than to enforce the law appropriately.

Overall, the quote conveys Carvin’s view that letting police confiscate and directly benefit from money and property seized from arrests poses problems and risks for civil liberties, due to the lack of checks and potential perverse incentives it could create.

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