Richard Kelo - How Capitalism & Socialism Differ

As American politics slowly becomes more socialistic its important to remember what  really separates Socialism from America's economic tradition: Capitalism.  Rick Kelo feels the real distinction comes in how the two systems treat private property.

The defining hallmarks of Socialism are:

• No legal sanction of private property.
• No legal sanction of contracts.
• Workers can own the use value of capital goods but not the capital value.

No matter what else you consider it to include no form of Socialism can exist without those three things says Kelo.  Consider health care.  If health care is nationalized then the government owns and operates all hospitals, just like it does now with the VA.  If all hospitals only have one owner then it implies that there is no trade.  Right now we know how much a hospital is worth because if Community Health wants to buy a hospital from Hospital Corp. of America, then they will agree on a price.  When the government owns every hospital that can't happen.

That, says Rick Kelo, is an example of all three hallmarks of Socialism.  There is no legal sanction of private property because a government hospital can't be bought by, say, an expanding entrepreneur.  Also, the workers in the hospital can use the equipment, but unlike when the owners of Community Health buying a hospital after which they own the capital value, the workers only own the use value of the government hospital while they're employed there.

Rick Kelo when not deep in thought

Rick Kelo - The State in Free Markets

When most people picture a "free market" they think of a lawless free for all where anything goes.  Not so says Rick Kelo, an economic thinker educated at West Point and at Chicago.

"Market economies exist based upon legal sanction of private property and legal sanction of contract (as a form of property right)," Kelo says.  He remarks that in order to have a free market economy it is necessary for the State to provide courts of law where companies who engage in fraudulent commerce can be made to pay huge sums of money as a punishment to set an example.

He also remarks that it will probably always be a necessary function of government to protect the citizens from violence.  "To maintain a system of private property rights it's necessary for there to be a government.  The reason is we need that government to maintain a military to protect from attacks from outside, and a police force to protect citizen's from attacks on their person or property domestically," says Richard Kelo.

Paul Davidson, Rick Kelo and Lord Robert Skidelsky

Rick Kelo Critiques Socialism in the 21st Century

Have you heard of the concept "Socialism in the 21st Century"?   You can read a brief introduction on Wikipedia here: https://en.wikipedia.org/wiki/Socialism_of_the_21st_century

It is essentially left-wing economic populism.  As an outspoken advocate of peaceful, and voluntary cooperation Rick Kelo has engaged in numerous public debates on the topic of Socialism vs. Capitalism.  He has noticed a common trend among Socialists that closely mirrors the main tenet of the Socialism in the 21st Century platform.  Advocates of Socialism in 2017 seek to distance themselves from the totalitarian Socialist regimes of the 20th century.  So, many try to disguise the fact their economic system is based on force by claiming they advocate a co-op economy.

This doesn't sound alarming to many people.  Richard Kelo though points out the deception at work in these claims.

"Socialism is not about co-ops.  There is nothing about co-ops that is inconsistent with a capitalist economy.  In fact you can find co-ops in most towns in America.  When a Socialist talks about co-ops he is using it as a diversion from his real agenda.  Socialists aren't in favor of co-ops.  They are in favor of an economy of ONLY co-ops where every other form of corporate organization is forcibly outlawed."

Rick Kelo on America's History and Automation

Many people misunderstand the role of automation in improving our daily lives.  When you're trying to decide a question like, "will the new ordering kiosk at McDonald's create unemployment for cashiers?" try taking a bigger picture look.

In 1776 when our nation was founded over 85% of the population was employed in agriculture.  What was the result of that?  We could not have any dentists, engineers, or software programmers.  In the centuries since then we've found new ways to feed ourselves with less than 3% of the population working agriculture.  The result has not been 82% unemployment! The result is that resources (labor among them) are freed to move into more valued and higher paying areas that previously could not exist.

Rick Kelo, Chicago tax recruiter

As a tax recruiter, and the owner of TaxScout, Inc, Rick Kelo has seen first hand the benefit of automation in freeing us from lower value work so we can focus on higher value work.

Rick Kelo- The Ills of Socialism

Understanding the Economic Ills of a System Like Socialism

Socialism is a word which stirs up mixed emotions in people across the world, especially in America. For many, it is the economic symbol that is deeply embedded with Communism, and therefore the idea of the old enemy, one which should be warned away and avoided. However, a new surge in socialist and left wing thought across the world has sent he word come back into play in recent decades. More and more, people are thinking that socialism might provide the answer to eliminating greed, and creating a more equal and sustainable society- hence the rise in politicians like Bernie Sanders and Jeremy Corbyn. However, economic thinker Rick Kelo is one such classical liberal who believes we must do all we can to keep the powers of socialism at bay.

Rick Kelo a West Point grad, and former agent of the State, turned Classic Liberal thinker and writer. He describes himself as a 'rogue Economist', with original thoughts and ideas, heavily influenced by the Monetarist & Austrian schools. Rick Kelo's actual area of specialization, and employment, is taxation, where he is able to apply his deep economic theories to his profession by offering succinct and pertinent tax advice to his clients. He is the head of tax recruiting at TaxScout, Inc. Rick is in charge of the firm's nationwide executive tax recruitment as well as full service tax recruitment in several specific metropolitan areas. He also runs a widely read blog where he discusses the latest trends in economic circles, called Ceteris Paribus. This phrase is taken from the Economics from the Austrian & Monetarist traditions; political philosophy from the Classic Liberal tradition.

For Rick Kelo, socialism is a system that has repeatedly failed throughout the course of history. It has led to dictatorships, authoritarian governments, and social destruction. As a classical liberal, Rick Kelo is a firm proponent of the free market economics of the neo-liberal age which have defined the past three decades. In order to allow economic growth and flourish for Rick Kelo, governments must loosen their grip over economic measures, and allow businesses to flourish in the modern world.

Rick A. Kelo: Drawing Connections Between Economics and Pop Culture -- Death and Taxes

Rick A. Kelo is a successful businessman who has worked in a number of different industries. If you are interested in learning more about this great person please click the following link, https://plus.google.com/+RickKelo. After serving in the United States Army as Captain, Rick A. Kelo now works as an Executive Recruiter for TaxScout Inc. Since 2005, Rick has been helping any customer with any of their tax problems. While working there Rick is credited with creating the company’s candidate database to comply with all OFCCP requirements. He is also very well known at the company for promoting diversity when hiring candidates for managerial and executive positions. Two of his key roles when working at TaxScout Inc. is to advise all clients on all aspects of retention policies that include preparing formal retention programs. He has also been charged with the task of advising all clients on fair market compensation and perform compensation studies. Taxes are something that Rick A. 

Kelo takes very seriously, and something that he has written about before. He once wrote an article that linked two very unlikely things, Star Wars and Socialism. When most people think of Star Wars they often don’t think about economics and taxes, but Rick A. Kelo was able to draw a number of similarities between where he claims that the Empire itself, was a socialist force. In this article, Rick discusses some of the ways that people who support socialism try to distinguish it from Communism. His conclusion at the end of the article states that there is in fact no difference between Socialism and Communism. He has written on this issue a number of different times. It is because of his interest in economics and taxes that it is clear why he excels in the role of Executive Recruiter at TaxScout Inc. TaxScout Inc. is one of the nation’s leading tax search firms. One of his major duties at this job is to develop a new base of client companies that are looking to hire tax professionals. After doing this, it is then Rick’s job to act as the face of those companies in the marketplace. He has proven to be very proficient at this job which has allowed him to become very sought after today for his expertise on taxes. If you are interested in learning more about this great person please click the following link, https://www.youtube.com/user/RickKelo1 for more information.

Rick Kelo – The Problem with Modern Politics

Talking about the economy is not something that most people can stomach. For some reason, the average American has only a limited working knowledge of the way that our nation’s economy works, and it is typically not a topic that comes up in casual conversations. Unfortunately, this means that many Americans are equally disinterested and/or uninformed about politics as well. It might not seem like a dangerous issue, but we need only look so far as the recent election to see the devastating affects that apathy and ignorance can have on our country. Luckily, we are all living in a modern era in which untold amounts of information are available to us via the internet. As contributing members of society, it is our responsibility to inform ourselves on the political and economic workings of our nation in order to make more informed decisions about who we elect to office. Unfortunately, most Americans seem to not be bothered.

For financial expert and economist, RichardArthur Kelo with TaxScout Inc., this trend is a sign of a growing problem in the United States. The vast majority of people are uninformed and uninvolved in the economic workings of our country. On some level, it is hard to blame the average individual. In our daily lives, huge topics such as corporate tax cuts and legal trials rarely make a significant impact. However, we have also recently felt the power of the economy in our daily lives with the financial crises of the early 2000s. It is important that we reconcile the American mentality of healthy fear for the economy with a growing concern for how everything works.

Luckily, there are a select few individuals who are not even in the education world, but use their knowledge and experience to share their information with a larger audience. For example, Rick Kelo’s blog explains many important political and economic topics in plain English. He covers topics such as “The Minimum Wage Issue”, “What is the Optimal Progressive Tax?”, “Answering for the 2008 Global Economic Crash”, and “Free Market Capitalism and the Drive Towards Progress”. This introduction to the nation’s economy serves as continuing education for individuals who have graduated from our flawed education system. It provides an opportunity for individuals to engage in discussions about our nation’s economy without being overwhelmed by much of the rhetoric and prerequisite knowledge.

According to Rick Kelo on About.me, there is a serious demand from the public for more accessible information about economics and politics, and that is why he publishes so much online.