Socialism, capitalism + Communism simularities and differences

Despite there being many differences between socialism, capitalism and communism there are also several similarities. First I should explain what is one "means". When talking about schooling systems in each of these groups each kind of goes their own way. In Socialism they are semi private and semi public, meaning that there are some of each types of schools.in social people are given options for their schooling, and anyone can attend a school if they have money for a private or if they decide to go to a public. The people can decide for themselves what they do as a career, how long they go to school, and if they go to a public or private school.  but when you look a communism it's quit the opposite. schooling in a communistic country is only public, the government controls what career you pursue and people in the schools normally have to wear uniforms. this keeps everyone at somewhat of a "equal" or even standpoint. there a bit less freedom in choices and a lot more control from the government. Even thought Socialism and Communism are so different they have some similarities such as they both have public schools for kids and some schools within a socialistic country wear uniforms. another one to compare these to is capitalism. Schools in Capitalistic country's don't care if you attend school or not, they don't believe everyone should go to school. Also these school systems make you pay for any schooling. so only people who can afford proper education are able to go to school. Schooling in Capitalistic country's are quit similar with Socialism. Similarities between these two would be freedom in career choices for these who attend schooling. but for those who don't go to school are stuck working in low pay jobs, and do have as much freedom in career choice. In the end Socialism, Capitalism and Communism are all giving people the option to go to school if they have the resources to do so.

Lemonade !

It was $1.09 per cup for me....  The variables in play with my lemonade stand are the sugar, lemons, ice, cups and water. Within these variables i have one constant which is the cup. The rest of my items are perishables. 

Minimum wage

I disagree with the idea of raising minimum wage. The only thing raising the minimum wage does for people below the poverty line is make it harder for them to get a job if they ever decide they want one.  Workers must bring at least as much value to the firm as they are paid or the firm will fail and all jobs will be lost.

"It is estimated that less than 15% of the total increase in wages resulting from an increase in the minimum will go to people below the poverty line and less than a third of those receiving the minimum wage are families below the poverty line.  Most minimum wage workers are from above median income families." So, most of the people benefiting from the minimum wage are not the intended targets of the “anti-poverty” aspect of raising the minimum wage. This is a direct quote from Forbes.com and usnews.com agrees. They say " Minimum wage workers tend be young and unskilled. Less than half of workers under the age of 25 are currently employed and many rely on low paying opportunities to get their first break." Worrying about the "poor people"  is where raising minimum wage is supposed to hold its concerns. If you won't benefit the majority of people below the poverty line where is the desire to have it. The risk it brings such as raising prices on a lot of daily things, lowering the value of the dollar, and driving our country into worse debt.   
         According to truth-out.org "Even the higher estimate of a 0.4 percent rise in price level with a 10 percent minimum wage hike suggests that a typical COLA adjustment to the minimum wage rate would only push up the price level by 0.1 percent. Recall that this amounts to adding just one dime to a $100 price tag." This is the risk of inflation if we were to hire the minimum wage. 

Sources: 
-http://www.usnews.com/opinion/blogs/economic-intelligence/2013/03/11/raising-the-minimum-wage-wont-help-the-poor
-http://truth-out.org/news/item/14050
-http://www.forbes.com/sites/williamdunkelberg/2012/12/31/why-raising-the-minimum-wage-kills-jobs/

explanations

        A stock is a risk, it's buying a piece of a company and claiming that companies assets and earnings. a stock is putting your money into a company hoping that company does well.
        Dividends are the dollars amounts in which each share receives.
        Trades are negotiations between two or more people or groups to switch or trade across something like goods or services, trading for something in another persons possession.

20% time

Carli and I are in the same spot we were at the end of last month. We have found more stories and posted them on our website. The main thing we did this month was at our veterans day program where we contacted several veterans who were happy to tell us their stories and be apart of our effort. by December we don't expect to be any farther than we are now. We hope to continue this idea even after this class is over and perhaps still hold the walk for vets in the spring.

What is my salary ?

If I have a salary of 100,000 a year, after taxes I would get 84,300 as my net total. It work out this way because in the Bahamas there is no income tax, capital gains, wealth, inheritance or succession taxes. The only taxes I would have to pay would be social security and national insurance tax. I would pay 5.9% of my money to social security. Then I would pay 9.8% of my salary to the national insurance. This is deposited monthly so it would come more out of a monthly salary. After deducting these two things it come out to my net pay of $84,300 a year. This math is shown below. 

100,000x5.9%=5900 (social security)
100,000/12=9800 (monthly salary) 
98000x9.8= 9604 (monthly fee for insurance)
9604x12= 9800 (yearly insurance fee) 
             Net Total: 84,300

investopedia

I have invested in 4 stocks so far. I have purchased 3 or 4 of each of them. Two of them are united continental and solarcity, both of these stocks are going up right now. people are take fight through united continental to go on vacation or to visit family for the holidays. I have only spent about a thousand dollars on my stocks so far and my profit is at 43.12 dollars. They both go up and down but for the most part they stay above breaking even. the other two stocks I have are less reliable. I have Wal-Mart which is all over the place all the time. It is often blow even but it shoots up randomly. the fact that its almost black Friday will be good reason to have it, the market will shoot up and I should be making profit. My goal for these stocks would be to make $2000.00 by the end of the semester with three of my shares.

 

20% time

Carli and I are doing our 20% time to support the veterans. We have made our past goals of updating our website with new stories sent into us and we have had a meeting with the VFW. our new goals are to work on details on our walks for vets and establish an area to hold the walk. right now we are mainly doing a rough draft on the walk and by the end of November we want to have a lot of the essentials figured out and in place to happen.

Black Jack

Yesterday in free enterprise our class was taught how to play black Jack. Some people already knew how to play, such as myself, but others had never been introduced. After everyone got the gist of how to play 12 people at a time sat down at the table around the dealer (Mr. kapptie). We each had to play four hands and try to make a profit. I wasn't very daring in my bets and would only bet one or two chips each time. In a result of that I wasn't out a lot but I also didn't gain much. It was a good day and a good experience.

Trade v.s. Investment

The difference between a trade and an investment is time and risk. An investment requires more time. If you invest in somthing it's because you willing to wait and hope that the price will keep getting better. With an investment you have to have some faith that your stock will do well. Then when It comes to a trade it's all about catch and release. Getting a good stock and selling it for a higher price. There isn't any patience in a trade, only waiting for a high point in the stock and selling it emidiently.

Source :
http://www.investopedia.com/ask/answers/12/difference-investing-trading.asp

On Thursday all the students in my class period were instructed to wait in the hall and leave our bags in the hallway. I personally had no idea what was about to happen beyond those doors, and I got really excited for it.  Mr. Kapptie told us that it would be a different type of atmosphere in the room and to pick up as much as we could. his hint was to go for things we thought to be most valuable. after his said those words I was trying to put all the pieces together to figure out exactly what this man was about to push us into. in the middle of my thoughts the door was pushed open as all the students went rushing in from each side of the room. it seemed that we were all very determined to get in the room and start what we needed to start, not even knowing what we were supposed to do. As I stepped in the room I looked straight to the floor and there was candy and pieces of paper covering the floor, the room was dark, it was loud due to the two projectors playing two different things on the wall, and everybody was fighting for the items on the floor. The first thing I picked up was a fake 50 dollar bill and I figured sense he said to go for the most valuable items that I would want to money not the cheap candy.
I found out later that the candy would actually have good value and be worth getting. I had small pile of candy and a good handful of cash. Once everything was taken from the floor I found my self a spot on the counter to place my pile. Mr. Kapptie then told us to trade or keep, to gather whatever you thought was the best trades you could make ( like stocks ). As the values of each candy would go up and down we had to make decisions to which would be the best investments. By the end of the period I felt like I wasn't doing vey well because I didn't have the biggest pile, I had a small amount of cash and other student had large piles of candy. I turned out to have a good amount of food because I made good trade. it didn't matter the amount of stuff I had because the values of what I had was pretty high and added up.
This day was really fun and a good learning experience on how to invest and an idea on how to do stocks.

life after high school

looking towards my future and trying to figure out what im going to make of my life I have come to a few conclusions. I haven't writen plans into stone by any means but I am definently exploring my options. Before I set off for college im going to apply to several universities which have good psychology and sociology programs. I would like to obtain a job in criminal justice and be in the justice system, social services, mental health services or social science analysis. to pay for my school im going for several scholarships, grants, lokk in my savings, and student loans. I  have a 1998 achieva oldsmobil and in will keep that vehical on to college as long as it runs or i can offord a better one. when i go off for that new vehical it will be a truck, preferably a nissan titan or dodge. I would like to live in California. I dont want to live in dorms while going to the college but if I can't afford an appartment I will. An average price for dorms is 17,000 dollars a year. From my research I learned a lot on the prices and locations of my prefered schooling.

20% time

Carli and I are making a website and Facebook page to support our veterans. We have been contacting retired veterans and asking them if we could learn their stories and post them on our pages. So far we have contacted people and have set times to meet up with some of them and chat. Our goals for the end of October is to have a good build up of veterans stories. All of our main goals aren't until around Memorial Day.