Sep 01

Accountable Capitalism?

Accountable Capitalism as defined by government, sounds like an oxymoron (a combination of incongruous words!). Accountable Capitalism is though, the title of legislation currently being introduced (August 15th, 2018) in the US Senate by Elizabeth Warren.

The legislation attempts, by law, to establish obligations of large US corporations such as the vague requirement that US corporations must create a “material positive impact on society”. Also included in this bill are requirements that would mandate at least 40% of a large corporation’s directors be elected by the corporation’s employees.

Government should create simple and effective laws and regulations for both its citizens and businesses. Our current politicians should be more concerned about addressing our huge government debt and runaway spending than trying to fix something that is already working…..capitalism. Politicians should work towards “Accountable Government”.

For a great article on this proposed legislation see the Barron’s article “Elizabeth Warren Gets It All Wrong” by Matthew C. Klein:

https://www.barrons.com/articles/elizabeth-warren-has-got-it-all-wrong-1535034016

To read the full Bill:

https://www.congress.gov/bill/115th-congress/senate-bill/3348

 

Feb 08

The Best Life Lesson

I was working the other day and received a text message from my daughter Katie who is a freshman at WSU. Katie had just met an astronaut and she was very excited!

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The astronaut is John Herrington, who has earned multiple degrees including a PhD, is a Navy Cadet, Navy aviator, and test pilot. He was a mission specialist on STS 113 and has space walked.

John is a Native American and was the first in his family to go to college. His first year he got a 1.75 GPA and was kicked out of college. He went back, after working a low paying job, determined to be successful.

Katie tells me in her text, “Just really shows you can do anything you put your mind to.”

Thanks to Mr. Herrington for sharing his amazing life story and having such an impact of my daughter!