The welfare state condemns personal responsibility which causes great moral degradation. The welfare state causes this moral degradation because everything about the welfare state is immoral. It takes from some to give to others in other words the state steals. It make the recipients depend on the government. It makes the hard-working people slack off, because they know that the money they are working for will be taken away and given to someone who did not work for it. Under the welfare state no one is allowed to keep the fruits of their labor. The Definition of responsibility is,
: a duty or task that you are required or expected to do
: something that you should do because it is morally right, legally required, etc.
The responsibility (duty) to take care of ourselves falls on us and not the state or government. The free market on the other hand does promote greater personal responsibility, because you are not dependent on the government. As a result you work hard to support yourself because you know the government will not. You are responsible for the food you eat, the clothes on your back, and the roof over your head. Under the free market you are allowed to keep the fruits of your labor, which results in greater personal responsibility and wealth.
Henry Ford was born on July 30
, 1863 near Dearborn, Michigan on his family’s farm. At the age of 15, Ford took apart and reassembled the pocket watch his father gave him. This impressed his friend and family so much that they brought Ford all their broken clocks and watches so he could fix them. However Ford was not satisfied with this life so a year later he moved to Detroit. In Detroit at the age of 16, Ford became an apprentice machinist for James F. Flower & Bros. In the following years Ford learned bookkeeping and how to operate and service steam engines. Ford was hired as an engineer for the Edison Illumination Company in 1891. Two years later in 1893 he was promoted to chief engineer because of his natural talents. While working at Edison Illumination Company, Ford developed plans for a horseless carriage that would run on a gasoline engine. In 1896 Ford built his first model and called it the Ford Quadricycle. At a meeting the same year, Ford presented his automobile plans to Thomas Edison. Edison was so impressed that he encouraged Ford to build a better automobile. After building a few test cars, Henry Ford in 1903 founded the Ford Motor Company. Five years later on October 1st 1908, Ford introduced the Model T. The company prospered after the release of the Model T and for several years the company made 100% gains on the previous year. Ford in 1914 built the moving assembly line technique so he could build more cars faster and much cheaper. However this presented a problem he had to overcome. His employees were quitting because their job was too monotonous. With the assembly line an employee would do the same repetitious work for 8-10 hours a day. In one year he had to hire over 53,000 workers because of the huge turnover he experienced. To combat this problem he introduced the $5-per-day wage( $120 dollar in today’s dollars). The wage was double the going rate. With this wage he could keep his workers loyal to his company. The Model T was such a success that by 1916 the price of a Model T had dropped from $825 dollars ( $17,676 in 2013) to $360 dollars ( $ 7,714 in 2013) and sales reached 472,000. In the late 1910s and early 1920s over half of the cars in America were Model Ts. People loved the Model T’s because they were simple to drive and cheap to repair. Henry Ford was a real entrepreneur. He brought a product that previously only the rich could buy and enjoy and made it affordable to the masses. He earned his wealth because he brought a product that the people wanted for a much lower price then his competitors. “Service to others is rewarded.” This is why Henry Ford was a successful entrepreneur.
In today’s currency Henry Ford would be worth $188 billion dollars.
Disclaimer: I don’t agree with many of his views, however his entrepreneurial skills are worth noticing. How from a machinist he became a billionaire.
English: This is a high-resolution image of the United States Declaration of Independence (article (Photo credit: Wikipedia)
When you ask people who or what the source of human rights is you will get two answers. One is that God the Creator is the source of our rights. The other is that the state or government is the source of our rights. One is wrong. Our country was founded on the belief that God our Creator is the source of our human rights. Our Declaration of Independence states,”We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness(Property).” The Founding Fathers knew that no government has the authority to tell its citizens how to live. They wrote that our rights come from our Creator and that these truths are self-evident.” Self-evident means Requiring no proof or explanation. Why did the Founding Fathers state that the source of our rights is so obvious that it requires no proof? It was so obvious because back then everyone knew that in order to be the source of human rights you have to be the Creator of those rights. The majority of the colonists believed that they were created by God and therefore God is the source of human rights. Governments cannot create life. They are not the source of human rights. We therefore must come to the conclusion that the state is not the source of rights and the our Creator is.
(Photo credit: Wikipedia)
A small business you coud start is a woodworking business. Some woodwork projects you could make can be small wooden boxes, cutting boards, and the like. You would need to have tools to run a small business. You would need a router, a jigsaw, a sander, a miter saw or a circular saw, and some clamps. This list contains a few of the necessary items needed for starting a small woodworking business. The costs of buying these items are going to be high if you don’t own them. For this venture to succeed there must be commitment. It will take a few months to repay your parents for buying some or all of the tools you needed. It will be a little while before you see any profit. This is why you need to be committed. This is not a summer business, it is a year-long business. Once you have made some products, you will need to sell them. You can sell your products at craft fairs or at some farmers markets that have a craft section. If you plan to sell your products at these places you will most likely need help from your parents. You will need a sellers permit to sell in these places, so ask your parent for help. Selling your products at these place will also cost you some money. For example you will need to pay for your booth. Keep this in mind when you plan to sell your products. You can also sell your products online. There are sites where you can do this or you can just advertise your products online and ask people to email you if they are interested in your products. Don’t forget to sign your products or brand them so your buyers know it was made by you and that it is not a store-bought product. Having a small business like this can teach you commitment, responsibility, and resourcefulness. These traits will be a great advantage in life. Before you start a small business ask your parents for permission.
Posted in Personal Finance
Tagged Budget, Business, Craft, Economics, Money management, Personal Finance, Ron Paul Curriculum, Small business, Wooden box, Woodwork, woodworking business