PSbyJD: It’s done so much for human well-being, but it’s far from perfect. Will capitalism as we know it evolve into something new? (REPOST/REBLOG)

CAPITAL QOUTE:

“There is no such thing a TRUE Capitalism as it is just an idea like the idea of utopia, but such as dream pursued correctly will result in profit” – JD Morris 20210530

Machinery which is not used is not capital.” – Karl Marx, Theories of Surplus Value

URL FOR FULL ARTICLE:

https://www.bbc.com/future/article/20210525-why-the-next-stage-of-capitalism-is-coming?utm_source=pocket-newtab

Nearly 250 years ago, the economist and philosopher Adam Smith wrote The Wealth of Nations, in which he described the birth of a new form of human activity: industrial capitalism. It would lead to the accumulation of wealth beyond anything that he and his contemporaries could have imagined.

Capitalism has fuelled the industrial, technological and green revolutions, reshaped the natural world and transformed the role of the state in relation to society. It has lifted innumerable people out of poverty over the last two centuries, significantly increased standards of living, and resulted in innovations that have radically improved human well-being, as well as making it possible to go to the Moon and read this article on the internet.

However, the story is not universally positive. In recent years, capitalism’s shortcomings have become ever-more apparent. Prioritizing short-term profits for individuals has sometimes meant that the long-term well-being of society and the environment has lost out – especially as the world has faced the Covid-19 pandemic and climate change. And as political unrest and polarisation around the world have shown, there are growing signs of discontent with the status quo. In one 2020 survey by the marketing and public relations firm Edelman, 57% of people worldwide said that “capitalism, as it exists today, does more harm than good in the world”

URL FOR FULL ARTICLE:

https://www.bbc.com/future/article/20210525-why-the-next-stage-of-capitalism-is-coming?utm_source=pocket-newtab

PSbyJD National TAX Extension Day May 17, 2021 (even IRS is behind this year)

BEST TAX QUOTE: “Render therefore unto Caesar the things which are Caesar’s; and unto God the things that are God’s.” – Quote by Who?

PROVOCATIVE STATEMENT: If you are a HNWI, there is a 99.9% chance that tax day for most is national tax extension day for the HNWI! – JDM20210415 (aka April 15, 2021 normal tax day)

QUEST WHO

 Was it Albert Einstein ( physicist), Plato (philsosophier), James Madison ( U.S. President), Ronald Regan (U.S. President), Thomas Jefferson (U.S. President), Winston Churchfield (U.K. Primeminister), or Guest Who?

  1. “A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform.”  — Russell B. Long, U.S. Senator
  2. “Income tax has made more liars out of the American people than golf.” — Will Rogers, humorist
  3. Guest Who? “The hardest thing in the world to understand is the income tax.”
  4. Guest Who? “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
  5. Guest Who?  “The best things in life are free, but sooner or later the government will find a way to tax them.” 
  6. Guest Who? “I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”
  7. Guest Who? “Where there is an income tax, the just man will pay more and the unjust less on the same amount of income.”
  8.  Guest Who? “A fine is a tax for doing something wrong. A tax is a fine for doing something right.”
  9. Guest Who?  “A person doesn’t know how much he has to be thankful for until he has to pay taxes on it.”
  10. Guest Who? “People who complain about taxes can be divided into two classes: men and women.”
  11. Guest Who? “We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much.”
  12. Guest Who? “To compel a man to furnish contributions of money for the propagation of opinions which he disbelieves and abhors is sinful and tyrannical.”
  13. Guest Who? “The power of taxing people and their property is essential to the very existence of government.”
  14. “To tax and to please, no more than to love and to be wise, is not given to men.” —  Edmund Burke, 18th Century Irish political philosopher and British statesman
  15. “I am proud to be paying taxes in the United States. The only thing is – I could be just as proud for half the money.” — Arthur Godfrey, entertainer
  16. Guest Who? “People who complain about taxes can be divided into two classes: men and women.”
  17. “No government can exist without taxation. This money must necessarily be levied on the people; and the grand art consists of levying so as not to oppress.” — Frederick the Great, 18th Century Prussian king
  18. “Like mothers, taxes are often misunderstood, but seldom forgotten.” — Lord Bramwell, 19th Century English jurist
  19. “The best measure of a man’s honesty isn’t his income tax return. It’s the zero adjust on his bathroom scale.” — Arthur C. Clarke, author
  20. “Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund.” — F. J. Raymond, humorist
  21. “Few of us ever test our powers of deduction, except when filling out an income tax form.” — Laurence J. Peter, author
  22. “Taxation with representation ain’t so hot either.” — Gerald Barzan, humorist
  23. “Taxes are what we pay for civilized society.” — Oliver Wendell Holmes, Jr., U.S. Supreme Court Justice

Contact Jack D. or Charlotte F. for the key to “quest who” via a LinkedIn. Thanks – JD Morris