In the real world, socialism harms and weakens the economies and opportunities of countries that have implemented it. And, declining economies inevitably hurt the citizens in them. Socialism destroys incentive, opportunity, freedom. Historically, socialism has harmed the people it claims to help the most.

Socialism, historically, has been a disproven economic theory which advocates that the means of production, distribution, and exchange should be controlled, owned or regulated by the government. Socialism is, in theory, based on equality, which in itself is a false-hood. In fact, no-one in a society is truly equal and there will always be “haves and have nots” and unequal distribution of wealth, even in supposedly socialist countries.

In theory under socialism, workers and the poor are no longer exploited because they own the means of production. Profits are spread equitably among all citizens according to their individual contribution. But the cooperative system also provides for those who can’t work. It meets their basic needs for the good of the whole society.

In theory, a Socialist system should eliminate poverty. It provides equal access to health care and education. No one is discriminated against.  Everyone works at what one is best at and what one enjoys. If society needs jobs to be done that no one wants, it offers higher compensation to make it worthwhile

Some people, in a society, can do jobs others physically can’t, and vice versa. That is why socialism, “which its goal is to have collective living and working arrangements, equal distribution of wealth, and equality of power”, doesn’t work. It kills the economy, creates governmental dependency, and lowers the quality of living.

A growing number of Democrats and their constituents are beginning to embrace Socialism since they view capitalism as unjust and unfair. They cite the growing unequal distribution of assets and concentration of wealth in the hands of a few individuals. Many Americans apparently do not believe that they have a path to success and prosperity in the current business cycle, and they’re angry with capitalism and the wealthy. And, that anger is being fanned by candidates leading the charge to vilify the wealthy and punish them through more progressive tax policies, including the implementation of a wealth tax.

Many American adults, both the young disenchanted and the older disenfranchised adults, believe that capitalism is failing and not lifting the economic boats of a majority of its citizens. They believe that it is only benefiting the wealthiest Americans. Theses young and old American adults are beginning to listen to socialist leaning politicians and embrace the philosophy and beliefs of socialism.

“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery”.— Winston Churchill

Americans only have to look in its own Western Hemisphere backyard to witness firsthand the failures of socialism. The failed economies of Cuba and Venezuela stand as glaring examples of socialism failures. In both countries, socialism proved once again that its core is the “…inherent virtue is the equal sharing of misery”. They stand as reminders just like the economies of the former Soviet Union and East Germany, and the pre-capitalist economy of People’s Republic of China of last century.

Winston Churchill said: “No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to time.”

Capitalism is a lot like democracy, it’s the worst form of economic system except all those other economic systems that have been tried from time to time, according to John Hope Bryant on CNBC Morning Squawk.

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” -Winston Churchill

Former Prime Minister Churchill further stated that “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” In socialist countries, government officials exercise control of the means of productions and take ownership or embezzled most of their society’s wealth. 

In 2019 America, the country must find someway for all Americans, not just the wealthy and political elite, to share in the nation’s prosperity brought about by capitalist economy.

“If only I had spent more time at the office.”

“It is a wise man who can learn from his own mistakes. But it’s a far wiser man who can learn from the mistakes of others.”

A regret is usually based on not achieving something you really want to occur in your life. Most people are too busy living their life to stop and imagine the regrets they might have when they are about to die.

There is the phenomenal clarity of vision that people realize on their deathbeds and at the end of their lives. The top regrets of the dying are:

• I wish I hadn’t worked so hard.
• I wish I had taken better care of my health
• I wish I’d had the courage to express my feelings.
• I wish I had stayed in touch with my friends.
• I wish that I had let myself be happier.
• I wish I had saved more and planned better for my retirement
• I wish I’d had the courage to live a life true to myself, not the life others expected of me.

The words people won’t say on their deathbeds are, “If only I had spent more time at the office.”

Always remember…Happiness is a choice.

The so-called ‘comfort’ of familiarity overflowed into their emotions, as well as their physical lives.

It is essential that you invest in your own good health. Many people take better care of their automobile than their own body. Or, many decide there’s no time to PT (military slang for workout) because they have too much work to do and making money is the priority. Yet, by the time you realize that you should have taken better care of your health, it’s probably too late.

Fear of change had them pretending that they were content, while deep within, they longed to laugh properly and have silliness in their life again.

Source: https://www.theguardian.com/lifeandstyle/2012/feb/01/top-five-regrets-of-the-dying

Source: The 10 Words You Won’t Say…On Your Deathbed, HuffPost, By Larry Schwimmer, Contributor, President Astrodecision, 10/15/2013 02:57pm EDT

Financially smart women control their money to get what they want; it doesn’t control them. But it takes planning and a little bit of work if you want to be your own or your family’s chief financial officer (CFO).

https://tickertape.tdameritrade.com/personal-finance/5-things-financially-smart-women-know-16683

Know your main purpose is the most important habit of the wealthy and successful. Those people who pursue a dream or a main purpose in life are by far the wealthiest and happiest among us. Because they love what they do for a living, they are happy to devote more hours each day driving toward their purpose.

Odds are, if you are not satisfied or happy at your job, it is because you are doing something you do not particularly like. When you can do something you enjoy, you have found your main purpose.

A quick way to get a sense of your life’s purpose is by reviewing the kind of person you are and the abilities that come naturally to you. This way, you can gain insight into your life purpose, says psychotherapist Tina Tessina, Ph.D., author of The Ten Smartest Decisions a Woman Can Make after Forty. Do so by writing down a list of descriptions about yourself in each of the following categories:

• Personal qualities (e.g., friendly, intellectual, a good communicator)
• Your talents (e.g., painting, motivating people by public speaking, athletics, mentoring)
• The circumstances that tend to repeat in your life (e.g., do you wind up teaching others, listening to people’s problems, working with children or technology?)
• Your desires (e.g., traveling, cleaning up the environment, running for political office)

Then take the answer that is most important to you in each category and complete the following sentence:

I ________________ (your name) am designed to be a ________________ (insert personal quality) who can ________________ (insert talent) and I find myself ________________ (fill in recurring patterns or circumstances) often, because I am supposed to ________________ (desire).

Source: “Answer 6 Questions to Reveal Your Life Purpose”, By jjimenez, Success Magazine, December 25, 2014
https://www.success.com/answer-6-questions-to-reveal-your-life-purpose/

John Stanley, AT&T President and WarnerMedia CEO, was interviewed recently on CNBC regarding the unveiling of HBOMax. From his perspective, HBOMax will be an incredible value for customers. The service will be introduced in May 2020 and will be extremely important to the future of WarnerMedia and AT&T. Essentially, “we are all in”, which means that all of WarnerMedia and AT&T have been instrumental in the introduction of the HBOMax product. The service will support an ad model. Produce general entertainment content, need a way to get content out to consumers.

But, why would people pay $14.99 when Disney, Apple and Netflix peers are much less in price. Mr. Stankey commented that they, Disney and the others, are not the same product. He believes that HBOMax reaches a broader demographic and has a much broader and unique content offering. And, bundled with other AT&T’s products and services such as distribution, pay tv and other products. Offering HBOMax video on AT&T’s distribution systems and wireless will definitely lower churn.

With the size of HBOMax’s content offering and the reality of the strength of the AT&T distribution network, the combination will be very strong. And, WarnerMedia can say it succeeded when you get people to come in and pay for the product.

By 2025, it is projected that HBOMax will be profitable and generate $1B EDITDA. The amount is insignificant when AT&T generates $30B in free cash flow (FCF). Most analysts were positive about the product. How do you get a younger demographic, which have grown up not paying for this stuff and and get those 16M incremental subscribers and the 60 million to 70 million incremental subscribers around the world. Put something of value in front of them, they will pay for it as their income and wealth grow.

Analysts and smart investors, such as Elliott Management, do not have great confidence in AT&T management team. Misstep with regards with Direct TV paying $67B for the product. The erosion in the pay TV bundle has been faster the projected. Always going to be a transition from satellite subscribers to software subscribers. Not further along in that transition.

Mr. Stankey has conveyed that WarnerMedia is in a much better place today then the day the merger with Time Warner closed. Furthermore, he conveyed that analysts and company stakeholders should have great confidence in the AT&T management team. He cited the Time Warner team integration into AT&T has been successful. Anytime you buy a company at a premium, you cannot run it the same as before and must make changes and hard decisions to get value out of it. We restructured the division and broke down the silos and got people to work together. This is probably the first occasion, he said, that the HBO brand has adorned a billboard on the Warner Brothers Lot.

Why the peak in satellite loses because they are offering a more desirable product that should slow the rate of decline. Erosion in the pay tv bundles. They have pulled a lot of cash out of Direct. They wanted to transition the satellite subscriber base to a software subscriber business. More on demand general entertainment content to stay on the platform and not have to go someplace else.

Erosion in the satellite business. Subscriber base from satellite subscribers to software subscribers. Feel it is the peak in Direct TV subscribers loses. Direct TV Now, which became AT&T Now, the over the top product. Overtime, live sports and entertainment will become part of the product. Such a state of change in the market. Margin probably more compressed on a per subscriber basis.