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

#psbyjd What I learned today (or was reminded)

“Sometimes I like to think that I learned something new, but in reality, it was just friends giving me a nice push and reminder” – J20.01.22.1109P

“Thank you = John, Micheal, Richard, Daniel, Jeet, Omar, and all those amazing people that help me on my journey as I can see light at the end of the tunnel and it is a little brighter today.” – J20.01.22.1121

QUOTE OF THE DAY:  May those who love you love you; and those who don’t love you, may God turn their hearts.  And if He doesn’t turn their hearts, may he turn their ankles so you’ll know them by their limping. – Irish Proverb (or wishing it was a universal truth = talked to a lot of good people and bad people today).

SONG OF THE DAY (Thanks Jeet)

And the men who hold high places
Must be the ones who start
To mold a new reality
Closer to the heart
Closer to the heart
The blacksmith and the artist
Reflect it in their art
They forge their creativity
Closer to the heart
Yes closer to the heart
Philosophers and plowmen
Each must know his part
To sow a new mentality
Closer to the heart
Yes closer to the heart, yeah, oh
Whoa whoa
You can be the captain
And I will draw the chart
Sailing into destiny
Closer to the…
Investor Network by JD
PHOTO OF THE DAY (Berlin Key Number 21)
Say what? Berlin Key?  Wiki: https://en.wikipedia.org/wiki/Berlin_key
Berliner Key Number 21
20/20 Vision for 20202,
JDM
“WHO ARE YOU? DO YOU REALLY WANT TO KNOW!” – THE WHO

Continue reading “#psbyjd What I learned today (or was reminded)”

P.S. by JD with “luck begins with hard work” or is the question is moot!

Let us face it that all quotes are based on proverbs so no need to quote somebody as the question is moot! JD Morris’s provocative statement for the day!

Today we launch our new blog posting P.S. by JD that based on my motto! My motto is “Say provocative statements (P.S.) that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!”  P.S. = Provocative Statement

I wrote an article for my MIT class about AI and used an AI tool called Grammarly to check for it being considered plagiarism. Some people are getting smart and know how to take credit for old sayings in the bible, chinses proverbs, etc. and sure enough, Grammarly pointed to possible sources. That leads to my favorite quote has issue and who should get credit?

Should you be able to bastardize a quote and call it yours?  Let me provide an example with my favorite quote that says “I am a great believer in luck. The harder I work the more luck I have” and nobody knows the source of this quote.  As of today, I am claiming the saying “Luck begins with hard work” and you will need to sight me or my lawyers will be sending you letter and demanding payment (Joking Kinda).

Who said the original statement?  Grammarly did point me to quoteinvetingator.com that points to Thomas Jefferson and a ton of other people that most likely just bastardized a quote from the bible or Chinese proverb. The funny thing is one of Thomas Jefferson’s foundations said that he did not say that statement and should not be quoted. That leads the statement that everything said can be found in a proverb, so you do not need to quote me or anyone.  You be the judge based on this research that did not look at the old proverb for the source.  

Research on the quote:

https://quoteinvestigator.com/2012/07/21/luck-hard-work/

However, I say the question is moot!

Disclosure:  These are ideas of JD Morris alone.

Next P.S. on blog posting and the use of reblogging or reposting.

The following link for this blog post is as follows: http://bit.ly/2qDczbG

IN Deck – The Long Blog Post

I have moved to short posting on LinkedIn and when I have time post here.  The beta blog is more of what I call a “Brain Dump” and it is a “BETA” blog.

Here is where the short blog is posted:  https://www.linkedin.com/in/jdmorris

FROM LINKEDIN:

QUOTE #1: If you have EBITDA it will be an amazing adventure, and if your are positioned for amazing growth we will help find that amazing adventure! – JD

What is on Deck at Investor Network by JD (Brain Trust with 40+ advisors)

1) Getting a PPM on amazing new credit card technology (family that invented the strip on credit card has a lives amazing life here in San Diego and hope this is another game changer);

2) EBITDA compay that import woods (might be a fit for another consolidation play);

3) EBITDA mobile reseller (hard to sell, but their is debt and some investors for this space);

4) GoToWebinar like company with EBITDA

We have a brain trust of amazing advisers (working on cool buzz word) to help you with deals. I am re-using an old video today and also below is fun .JPG with another JD buzz word!

VIDEO:

URL: https://www.youtube.com/watch?v=5ML-JYXfZpE&t=50s

COOL .JPG

1-2-3-dr-who

MORE COME AS TIME ALLOWS!