Poor Richards Report

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Chapter 8
The Tenth Commandment:
“You shall not covet your neighbor’s house. You shall not covet your neighbor’s wife, or his manservant or maidservant, his ox or donkey, or anything that belongs to your neighbor.”
Socialism Does Not Work
Socialism is a noble cause but can lead a society to total destruction of morals and ethics. It drains the wealth of nations that formerly were able to fund programs for the needy.
Capitalism works because the individual is able to function without too much government intervention, which allows excess funds to be given by individuals to their favorite charities as tax deductions.
This allows freedom of movement of social classes up or down within a particular society. This allows freedom of movement within a society as one seeks self-improvement with the knowledge that failure means a lower standard of living.
Success breeds success while failure in most cases means demotions. Capitalism helps an individual towards better productivity.
During periods of economic distress government should be able to assist it’s people with educational programs. Education and reading skills are a basis for new ideas. One can not destroy an idea unless one has an opportunity to have “trial by fire”.
Socialism breeds three classes in a society. The upper class which is mainly government workers living off society. Second is the “slobbering class” which is descending into the abyss with the poor class.
Right after WWI the United States suffered a setback as the economy slackened because the economy had to readjust to a slower pace. President Warren G Harding chose to “earn” our way out of it. We did, but all kinds of scandals erupted; some say because of the scandals he committed suicide; although it has not been proven.
At that time there was a candidate that ran as a socialist. He garnered just under a million votes which shocked the politicians of that day.
Gradually some of his ideas were incorporated and 90 years later he would be successful because the lower class had been bought off.


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