Tuesday, April 23, 2019

Economic Inequality

The US and others should never focus on complete removal of economic inequality among its people. That would lead to disaster, although the elimination of extreme poverty would be a reasonable objective. But economic inequality is a natural by-product of creating new, successful wealth-creating venture companies.  When smart, hard-working people, create new successful, companies, they hire other people like themselves (smart and hard-working), who, working together, get rich. You cannot prevent great variations in wealth in a country without this process going on. Paul Graham wrote, “So if you made it impossible to get rich by creating wealth in your country, people who wanted to do that would just leave and do it somewhere else.”  If the smart and hard-working people stop coming to developed countries, such as the US and start making their fortunes elsewhere, now developed countries, such as the US, may achieve one national statistical objective but go broke in the process.

If economic inequality in the US was a serious problem, why do so many of the world’s poor want to migrate to the US?  Although most US voters do not want to spend the money on a physical wall, An overwhelming majority of US voters do believe that security along the southern border is a problem, with 48 percent saying that it’s a ‘serious problem’ (The Hill, https://hetherman.link/2Proe5E ).

From the arguments calling for enforced economic inequality that I have read, most base their justification on the fact that “all men are created equal.”  Under the law, all men and women are created equal, but economically, each man and each woman is an individual person, and each person’s performance is not identical.  In business, each person must be compensated for his or her own performance and not on some statistical manipulation.

Monday, April 22, 2019

Newport Beach Film Fest

The 20th-anniversary festival will screen over 350 films from 50 different
countries, host 25 spotlight and special events, and produce an exceptional seminar program. After two decades of presenting motion pictures to enthusiastic audiences and hosting award-winning talent, this celebration has grown into the largest festival of cinema in coastal Southern California.  Advance tickets should be considered. (APR 25 - MAY 2).

Read more: https://hetherman.link/2vgz30W

Saturday, April 20, 2019

Soft on Distributors in Suits

Cyrus Leon Batchan, the Sherman Oaks attorney who was suspended from the practice of law after he pleaded guilty to distributing narcotics in San Diego, was knowingly a part of a conspiracy to distribute both oxycodone and hydrocodone. The attorney was caught in his scheme when he allegedly shipped a package of 5,000 and 10,000 hydrocodone pills from San Diego. Batchan pleaded guilty to conspiracy to distribute a Schedule III substance. He was sentenced by a U.S. District Court Judge, to two years' probation. He’ll serve no jail time. Batchan was suspended from law practice for two years and will be placed on a three-year probation.

Batchan provided seven “good character” letters to the judge. Think that through: Would you give a letter of good character on behalf of a scheming narcotics conspirator-distributor? It’s possible that the letters were part of his scheme to keep him out of jail if something went wrong and he was caught. Distribution of illegal drugs should be treated as though it were a violent crime:  If all the dope distributors were in jail, there would be a lot fewer narcotics on the street, and fewer people would be hurt and often killed by them.

Read more: https://hetherman.link/2VXn2t9 .

Economic Inequality

The US and others should never focus on complete removal of economic inequality among its people. That would lead to disaster, although th...