Saturday, March 29, 2014

Basic Economics 101

Economics


Shark Tank’s Kevin O’Leary: ‘The Wealth in America Doesn’t Come from Government’ … In this clip, successful investor Kevin O’Leary from ABC’s hit show “Shark Tank” eloquently and persuasively destroys many of the myths of the “1 percent” and describes in personal detail how many of the small businesses he works with have to spend nearly $20,000 to $30,000 a year complying with federal regulations. [blog.heritage.org] 3/25/14

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Entreprenuership in American History ... 

Read the current issue of Imprimis from Hillsdale College ... 

Very informative free publication on the relationships between business and government through the years. [Imprimis] March 2013

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An outline: Who to believe. What to teach.

If you were a teacher, professor or parent, what will you present to your students and children!

Education or Indoctrination? If you do not know the difference, then that is your very first educational question to answer.

Motivation:

Do you have an interest in the company that employs you, the government that protects you or the family that nourishes you. These are two way streets. If caring is only one way, it is likely that one or the other will not survive.

Undeniable Truisms, 2012

• Democracy and rugged individualism = motivates people to learn and earn. People will make all kinds of sacrifices to succeed.

• Socialism = kills motivation along with personal and economic growth. People care only about themselves and their next meal.

Economic Facts:

• We cannot spend more than We make or take in ... and survive

• Higher taxes = Less money into Big Gov Treasury

• Government cannot tax its way to prosperity

Lower taxes = More revenue into US Treasury.
Increase Taxes = Less revenue into US Treasury.
Increase Taxes = The wealthy adapt and/or flee.
Increase Taxes = Suppresses the economy.

More Liberals = More laws
More Liberals = More taxes
More Liberals = More spending
More liberals = Less transparency
More Liberals = More corruption

More guns = Less crime
Fewer guns = More crime
More gun laws = No change for criminals

Unionism:

Presidents Lie. Obama states that the union opposition to Right To Work in Michigan is all about politics, not economics. The economic facts are:

[1] unemployment is lowest in Right To Work states,
[2] wages are highest in Right To Work states,
[3] unions suppress jobs for younger workers and
[4] economic growth is suppressed in union states. Democrats and the Unions know this. =TheRightJack 12/15/12

Taxes:

Taxes up = Revenue to US Treasury down.
Taxes down = Revenue to US Treasury up.

Wealthy Brits leaving the UK due to increases in crime and higher taxes, as predicted. [dailymail.co.uk] 4/2012
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Remember when the luxury boat industry left NJ for those states with lower taxes. And the lesson is … do what they do in Hollywood. Move your wealth out of the USA to more tax friendly nations.

More than half a million wealthy Britons are expected to move abroad in the next two years amid concerns about crumbling road and rail networks, crime and high taxes, a survey reveals today. [dailymail.co.uk

Wealthy Brits flee high tax rates. …  In Britain, if tax rates are raised too high, revenues decrease.  But, this is not a phenomenon unique to our friends across the pond.  Anyone hear about France’s richest man applying for citizenship in Belgium after a promised skyrocketing of French taxes?  Or why it benefits French companies to cap the number of employees to 49 as to avoid expensive regulation? [smallgovtimes.com] 11/28/12

The highest level of learning is that of being inquisitive, defining the problem and self-study to solve the problem or problems. =TheRightJack

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