Getting it Right - Welcome

The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.

I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.

My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.

It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.


An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.

Blog Archive

Monday, November 30, 2020

Productivity is the Key to Jobs, Raises, Promotions, and Wealth

 Productivity is the measurement of the change (up, down, or even) of the total goods and services produced at any level (nation, industry, company, person) divided by the number of workers at that level. The more productivity grows faster than price inflation, the more real wealth is produced. It is the growth in productivity that produces the wealth that enables companies and their employees to prosper. It is responsible for job growth, the ability to give larger raises, the need for more workers and more managers to lead those workers (thus more promotional opportunities), and consequently more wealth growth.

Workers seem to think that is the managers and owners that determine their wages and promotions. In actuality it is a company's customers that ultimately hire and fire workers and hand out the raises and promotions. Managers and owners merely allocate the will of the customers (or lack of them). So managers try to hire and promote the most productive workers that they can find and fire the unproductive workers. This productivity “process” produces the most wealth for a company, a nation, and its citizens. Capitalism is the ultimate producer of productivity and wealth and is the most successful economic system in human history, the only one to raise billions of people out of poverty. Socialism has no such incentive and is the reason why it is the most failed economic system in human history, leaving all of its victims desperately poor and therefore miserable.

Sunday, November 15, 2020

Socialism – Why It Always Fails

 

Two Reasons – Waste and Lack of Innovation.

Socialism is defined as government running a nation's economy. Socialism is the most failed economic system in human history and has left all of its victims poor and miserable, and many often dead from starvation.

On the other hand, Capitalism is the most successful economic system in human history and the only economic system to lift billions of people out of poverty.

For a company to succeed under Capitalism, it must provide the products and services with the quality and price that consumers are willing to pay without producing significantly more than what the free market is willing to purchase. The better it does this, the more profit it makes, which is the “reward” and “incentive” for being in business in the first place. If a company doesn't provide what people want to buy or produces much more than people are willing to buy, it has wasted the physical and human resources responsible for its products and services causing the company to lose money or profits to substantially shrink. When a company has produced an overstock of products that people are willing to purchase at the original price, Capitalistic companies monitor this and cut back on future production and/or are willing to cut prices to increase demand for their products so that they at least get something for their over production instead of nothing plus having to pay to store the unsaleable overstock, further adding to over production costs and therefore losses.

Socialist nations have none of these incentives and simply set socialist company sell prices and production “goals” to meet, whether or not those goals meet demand or are much more than demand, or are the price and quality that meet consumer wants and needs. Normally, they do not cut prices, nor reduce production quotas when their product sales are weak because governments have no incentive to do so. Nor do they increase production when product demand exceeds production goals, thus losing a profitable opportunity. Governments do not go out of business in these wasteful situations as do capitalistic companies.

Also, unlike capitalistic companies, Socialist government companies have no incentive to innovate. Unlike capitalist companies, there is no “reward” for doing so in a socialist nation, thus no incentive. That explains why the world's major innovative and wealthy companies originated right here in the United States – Microsoft, Apple, Amazon, Walmart, Home Depot, Google, Facebook, Tesla, Intel, etc.. Also explains why older, formerly successful companies that rest of their former laurels and do not compete aggressively and/or innovate shrink or go out of business – Sears, K-Mart, JCPenney, TWA, Pan Am, Grant's, A&P, Montgomery Wards, Radio Shack, Blockbusters, WoolWorths, etc..

Consequently, the people of Socialist governments, the victims of government waste, inefficiency, and lack of innovation, have much less wanted and needed products and services, and therefore much less wealth than the people of Capitalistic nations.

Sunday, November 8, 2020

Restoring Confidence in Voting Results

 

The number one issue in my mind concerning the 2020 election is how do we amend the voting process in a way that permanently instills certainty and confidence that future vote counts will be accurate everywhere. The starting point must be developing and enforcing national standards that every state must follow. Here are my ideas.

1. Have a full proof system of keeping the list of registered voters accurate and up to date. This would involve updating the rolls of registered voters with every relocation and death event. Landlords, banks, real estate brokers, and funeral parlors would have to report moves (with one common form signed by the relocating adults involved, each indicating whether or not they are a registered voter) and deaths (signed by the funeral parlor director and a witness, preferably a family member) to a common national register and that register would be the ones that all states and territories utilize. In addition, this register would be checked and action taken if the same person voted in two or more locations.

2. Registered voters would be allowed to request mail in ballots for valid reasons such as poor health or vacation during elections. States would not be allowed to send mail in ballots to people who did not request them. All mail in ballots must be postmarked 10 days before the election date to insure that all are received by the election date. If there is a pandemic, then offer open tent locations to vote in person safely for those who want a safer way to vote.

3. All ballots whether mail in or not must be signed by the registered voter and the signature checked by the vote counters.

4. All voter polling places must require voters to show a government photo ID in order to vote.

5. All voter polling places must require election observers from each major party plus film the entire process from voting to counting at all times and provide that film to national authorities.

6. Forbid non-paper electronic voting machines. Too easy to program fraud and very hard to check. Use paper ballots. You can use machines to scan and count the paper ballots, but those machines must keep a record of each voter and who they voted for. After the machine has counted them, then a second check will be done, looking at randomly selected ballots (at least 10 per thousand ballots) and comparing each paper ballot to what the machine recorded for that same paper ballot to see if they agree. If even one error is found, then all the ballots must be recounted by hand. To avoid massive recounts, after every 1,000 votes, check the machine for errors. That way recounts are limited to 1,000 vote samples instead of possibly tens of thousands of votes.

7. There is no effective difference between an invasive army trying to replace the legally elected government of the United States and trying to do the same thing through intentional voter fraud. We would defend ourselves and shoot to kill an invasive army. We must treat voter fraud the same way. Anyone found guilty of intentional voter fraud would be executed – No Exceptions.