Showing posts with label economics.. Show all posts
Showing posts with label economics.. Show all posts

Friday, January 1, 2016

Blame The Poor



Market Watch
Article suggests that poor children are stupid. Poor children are deprived of the necessary information they need to ask the right questions and productively use the technology.

Bored Panda
This demonstration may seem oversimplified, but the metaphor will not be lost on the students when they learn more later.

Rich Habits
This article completely disregards the fact that many people simply can't afford such lifestyles as the 80/20 method because jobs are hard to find and the pay is simply too low.

The Washington Post
A more accurate portrayal than the previous article.


The Washington Post
Socially Engineered Economic Stratification
The One Percent has a reactive mentality to everything. It's part of what it means to be an American.

They choke off valuable intellectual resources from the poor and then they turn around and call the poor hopelessly lazy and stupid. It's part of the One Percents' Megalomania.


Friday, April 17, 2015

Death Tax Dilemma

Why it's scary when Liberals complain that Republicans want to eliminate the inheritance tax.


Should the inheritance tax be eliminated. Yes. Why?

Simple answer: That money is what remains of the earnings that were already taxed.

What happens to property that is inherited?

It's understood that a tax on property that is inherited may require that the property be sold in order to pay the tax. This facilitated the destruction of small family farms, which were then bought for pennies on the dollar by owners of huge factory farms that are now ruining our environment.

Where would the money go if there was no "death tax?"

It is often divested to an increasing number of heirs, like exponentially dividing a pie with each following generation. The income from the assets are taxed. The remainder of which is eventually spent in the local economy.

Farms for example are subdivided over the generations to the point where so little income is distributed between the heirs that it may become cost prohibitive against the direct cash value of the land. This scenario only works if each child grows up, marries and has two children. It may be slower if there is one heir who grows up, marries and has two children, etc.

Why it's scary when Liberals complain about corporations not paying taxes:

Why do some corporations earn so much money but often don't pay taxes?

Simple answer: Partly because individuals at the corporation file individual tax returns and pay taxes on individual income. Does anyone know the tax revenue generated by the sum of all the individual tax returns filed by the employees of a corporation? I don't think anyone from the left talks about this number.

Beyond that I have no information about how the tax loopholes operate to benefit the corporation as a whole entity, but the rhetoric about corporations coming from the left is a disturbing, extreme over-generalization.

Thursday, December 25, 2014

Entrepreneurship

The Business Dictionary is a helpful resource for defining Entrepreneurship

The idea that there was a business dictionary on the Internet is brand new to me. It never occurred to me to look for it. This speaks volumes about my education. I basically grew up in the public education system and I remember everything I learned was aimed at labor, career, vocation, or science. I don't recall any curriculum about starting a business. 

I had a hard time with math in elementary school because it bored me to no end. It wasn't until I got my first Apple computer my sophomore year in high school that I taught myself Algebra while teaching myself a computer programming language.

A year later my high school offered computer courses, but they rejected me from the class because of my poor math grades. However, that didn't stop the teachers from coming to me for help with their computers. On my own time I attended a computer course at a nearby college and earned a certificate.

This is one example of the kind of roadblocks one can find in the public education system. Math was memorizing multiplication tables and history was remembering names and dates of events. Passing tests was the sole motivation the teachers had when I attended elementary school in the 1970's and it still is today.

Not only is teaching to the test a serious problem in education, but the prevailing expectations in public schools seem to be lower than Entrepreneurship.

Sunday, December 21, 2014

Identifying a bad business model

Money is the life-blood of the economy. It must continue to circulate for the economy to survive. If you suffer from internal injuries, your own blood will flow out of the wounds and pool outside your vital organs, ultimately killing you. So goes the economy when money is hoarded by suppressing wages from raising with the rate of inflation. The gap between where wages are currently and where they should be is the wound.
The ten percent loss in sales on Black Friday should be proof enough.