Capitalism and Socialism

THIS IS REALLY SIMPLE. Both Capitalism and Socialism are essential for all mankind to live the best life possible. The most important thing is that government should have a direct role in neither Capitalism nor Socialism.  For Capitalism Government's role is to set the rules so every citizen has equal access to climb the Ladder of Capitalistic Value (LCV) from poverty to Millionaire. To fulfill Social Goals the Government should set incentives to encourage successful Capitalists to offer opportunities to those looking to climb the LCV as well as incentives for charitable help for those that are truly unable to create value for themselves.

If the Government does its job right the vast majority of tax money it takes in today would be instead left in the Free Market to be leveraged by successful Capitalists to create money making opportunities for those climbing the LCV. Capitalists would be incentivized by how many and how far the people a Capitalist employs climb the LCV. For example, any Capitalist that does poorly will lose control of a large percentage of his investments and charitable efforts. Other, more successful Capitalists shall be loaned this money at a very low interest rate to grow their success.

Today Government is taking tax money from the successful Capitalists and using a large expensive bureaucratic workforce to redistribute wealth to those climbing the Ladder of Economic Success without climbing the LCV at all. Besides the obvious inefficiencies of this bureaucratic process, the climbing velocity of the person receiving the wealth is Zero '0'; whereas, the climbing velocity of the person working for the Capitalist is much greater. The result is a healthy growing economy. Everybody wins; the employee gets a raise and a stock option; the Government gets more tax revenue; the Capitalist gets to grow his wealth. Capitalists that become insanely wealthy get to play a minor role in running our country based on the Capitalistic Rules and Socialistic Incentives and their ability to make good things happen.

The thing that those climbing the LCV must understand is the Free Market determines Value. It is always a great shock when you graduate with your expensive bachelor degree or even more expensive advanced degree and discover how much you still have to learn on the job to climb the LCV. Things are even more disappointing if you are facing the headwind of a student loan payment. Your expensive education uplifts and accelerates your on-the-job learning and resulting value growth. You have 3 years to establish your true Capitalistic Value, after that your expensive education will not be as important to your current or future employer as your job experience.

Is education required to climb the LCV? The absolute answer is yes, but your education does not have to be formal. Many very successful Capitalists dropped out of the formal education and using their passion, determination and drive climbed the self education ladder and then the LCV to success. Examples that come to mind are Bill Gates and the Beetles. For more details read "Outliers: The Story of Success" by Malcolm Gladwell. 

Most of us are not Outliers. I did not drop out of school before I acquired a bachelor's degree. However, I finished the last 2 years with 3 years of full time, 12 hours per semester, while at the same time working full time as a beginning software engineer from 1965 to 1967. So I started at $300 ( $2,274 in 2016 $s ) per month and made over $900 ( $6,471 in 2016 $s ) per month after 3 years. I jump started my LCV by 2 years, but it monopolized my life. It was worth it as I made $10,000 ( $52,200 in 2016 $s ) per month as an independent consultant to Boeing Aircraft to deliver the system software for their automation of the Panama Canal Project.

Having money that you have worked for is the only way to be free. Don't you want to be a free individual Capitalist? Find a capitalist that you can offer something he/she needs and/or wants. The best situation is a job that can provide the experience that prepares you to be more valuable to this or another capitalist. Now are you greedy or are you feeling pretty good about yourself? Do you feel like giving some of your earned money to someone starting where you did but who is unwilling to give you something for it. Maybe all you want is for this needy person to spend money on something that will improve his/her earning power, by the way this is velocity charity - something rich people do. If you are willing to spend a ridiculous effort on learning from your capitalist experiences you may be capable of starting your own company, the ultimate goal of a capitalist. Now you will offer money to people like you were years before allowing them to be independent and free. This is how the world works best.

In order to enjoy a healthy and happy Socialism there must be a strong supporting Capitalism. I fear for our future. Our young people are being taught by mostly progressive liberals and many of them follow "Rules for Radicals" by Saul Alinsky, the goal justifies ruthless tactics. Capitalism is presented as the problem. Too often there is zero or low tolerance in the classroom for traditional and conservative ideas. Christian conservative speakers are increasingly asked not to speak to our young people. Our constitution is positioned as an old out of date document and it's OK to work around it. Whenever non liberal ideas are expressed our young students are offered and they feel entitled to a "safe space" so they can avoid listening. It is not surprising that so many of the young have come out to support Bernie Sanders.

The young have a new found fondness for Socialism, well it's just so social. After all today's young person can not live without social media like Facebook, Twitter, Snapchat and WhatsApp. Today our life is limited, forget freedom, by a vast growing concept of what is politically correct. In fact our life is increasingly controlled by new laws that grow out of social media developed political correctness ideas instead of by Congress. Congress just rubber stamps a new law. Our young people certainly see us as a social democracy (Democratic Socialist). What is wrong with this, one asks, what is wrong with a majority coming together over the Internet to decide a new rule, regulation or law - we are a democracy after all?

It is wrong because we are a constitutional government (a Republic) with a defined process yielding slow careful consideration by elected congressmen. Furthermore, no new law that conflicts with the constitution may be passed with a simple democratic majority. Anything that contradicts the constitution can not be a rule, regulation or law or dreamed Politically Correct until -

“The United States Constitution is unusually difficult to amend.  As spelled out in Article V, the Constitution can be amended in one of two basic ways.  First, amendment can take place by a vote of two-thirds of both the House of Representatives and the Senate followed by a ratification of three-fourths of the various state legislatures or conventions in three-fourths of the states (ratification by thirty-eight states would be required to ratify an amendment today).  This first method of amendment is the only one used to date, and in all but the case of the 21st Amendment, state ratification took place in legislatures rather than state conventions.  Second, the Constitution might be amended by a Convention called for this purpose by two-thirds of the state legislatures, if the Convention's proposed amendments are later ratified by three-fourths of the state legislatures (or conventions in three-fourths of the states).

Capitalism is scary say the Socialists. If a Capitalist is Rich, says President Obama, he was LUCKY like a Vegas gambler, his rich success is not because of anything he did. Capitalists are seen as greedy rich individuals who expect something in return from you for any money they give to you. It is true that a successful capitalist does not need help to live a normal life. If you need help, where do you look? Family support should and does end. Government support takes money, taxes, by force from Capitalists or requires the Capitalist to pay a high minimum wage, a Living Wage that is enough to support a family.  What Government needs to understand is higher wages mean fewer minimum wage jobs. The fewer jobs that are available are harder to get and demand more of you, larger work load. So if you fail to get that job to help you, you must take money from the Government, and as long as you do you will never be a free individual and you will never be rich.

Please Read:
https://fee.org/resources/rendering-unto-caesar-was-jesus-a-socialist/