Category Archives: News

How much does the average American corporation make in profit?

How much profit does the average American corporation make?
How much profit does the average American corporation make?

A while back, there was a story about how Americans vastly overestimate Gallup polls,how many people in the USA are homosexual. According to in 2011, Americans estimated that 25% of the people in America were homosexual. In 2015, it was 23%. The actual number is about 3%. So it’s very clear that Americans can have wildly inaccurate perceptions about reality. Why are Americans so wrong? I think it’s because they see a lot of gay people in high profile areas, particularly in the entertainment industry.

I thought about this failure to perceive reality when I saw a story about how much profit Americans think that corporations make. My guess was that the average corporation makes about 5-10% profit margin. I know this because I used to buy and sell stocks regularly and that’s one of the numbers I would look at. Most Americans own stocks, so I thought they most Americans would know the number as well. But it turns out that American perceptions of corporate profits are wildly off the mark.

Check out this article from the prestigious American Enterprise Institute:

When a random sample of American adults were asked the question “Just a rough guess, what percent profit on each dollar of sales do you think the average company makes after taxes?” for the Reason-Rupe poll in May 2013, the average response was 36%! That response was very close to historical results from the polling organization ORC International polls for a slightly different, but related question: What percent profit on each dollar of sales do you think the average manufacturer makes after taxes? Responses to that question in 9 different polls between 1971 and 1987 ranged from 28% to 37% and averaged 31.6%.

How do the public’s estimates of corporate profit margins compare to reality? Not surprisingly they are off by a huge margin. According to this NYU Stern database for more than 7,000 US companies (updated in January 2018) in many different industries, the average profit margin is 7.9% for all companies and 6.9% for more than 6,000 companies excluding financials (see chart above).

[…]“Big Oil” companies make a lot of profits, right? Well, that industry (Integrated Oil/Gas) had a below-average profit margin of 5.6% in the most recent period analyzed, and separately, the Production and Exploration Oil/Gas industry is losing money, reflected in a -6.6% profit margin. For the general retail sector, the average profit margin is only 2.3% and for the grocery and food retail industry, it’s even lower at only 1.6%. And evil Walmart only made a 2.1% profit margin in 2017 (first three quarters) which is less than the industry average for general retail, possibly because grocery sales now make up more than half of Walmart’s revenue and profit margins are lower on food than general retail.

Sometimes, the government makes MORE from the sale of goods or services than the company that does ALL the work:

Interestingly, Walmart’s profit margin of 2.1% is actually less than one-third of the 6.5% the average state/local government takes of each dollar of Walmart’s retail sales for sales taxes. Think about it – for every $100 in sales for Walmart, the state/local governments get an average of $6.50 in sales taxes (and as much as $10.12 in Louisiana and $9.45 in Tennessee, see data here), while Walmart gets only $2.10 in after-tax profits!

I think that Americans are getting their false anti-corporation views from listening to the mainstream media. The mainstream media is overwhelmingly leftist according to recent studies of their political donations. I think that the anti-corporate views of the average American comes from their uncritical consumption of mainstream media propaganda. They think they are getting objective news reporting, but what they’re really getting is socialist propaganda.

Here is a short little video that explains more about profit margins, and what would happen if a socialist like Bernie Sanders were put in charge of a corporation:

If you’d like to help with this problem of anti-business economic illiteracy, please watch the video and share it, or share the AEI article, which contains the video. America will be a better country when Americans have accurate, informed beliefs about important issues.

New study: what lifestyle allows women to be happiest and most fulfilled?

Marriage and family
Marriage and family

In preparation for this blog post, I read an article from a far-left source about the decline of women’s happiness.

Excerpt:

As women gain political, economic and social freedoms, one would expect that they should feel even more contented relative to men. But this isn’t so.

The “paradox of declining female happiness” was pointed out by economists Betsey Stevenson and Justin Wolfers, who also happen to share a house and kids. They analyzed the happiness trends of US citizens between 1970 and 2005 and found a surprising result.

Stevenson and Wolfers discovered that American women rated their overall life satisfaction higher than men in the 1970s. Thereafter, women’s happiness scores decreased while men’s scores stayed roughly stable. By the 1990s, women were less happy than men. This relative unhappiness softened after the turn of the century, but men continue to enjoy a higher sense of subjective wellbeing that is at least as high — if not higher — than women’s.

Those 35 years saw advances in American women’s rights and financial power.

Let’s take a look at a recent study that the Daily Wire reported on, to see what really makes women happy:

Despite the onslaught of propaganda telling young girls otherwise, a recent research paper distilling data from over 30 European countries concluded that mothers find homemaking preferable to working full-time.

Doc. PhDr. Dana Hamplová, Ph.D., a senior scientist at the Institute of Sociology, ASCR, and a current representative of the Czech Republic in the International Social Science Program, authored the paper. Addressing Betty Friedan’s narrative in the book The Feminine Mystique, which claims that women are happiest and most fulfilled at work, Hamplová “explores the link between employment and subjective well-being among mothers with children under 3 years of age,” reads the paper’s abstract.

“Analyzing multiple measures of subjective well-being, the paper shows that homemakers are generally happier than full-time workers,” the scientist found.

“Contrary to our expectations, homemaking was positively associated with happiness particularly among mothers who left higher quality employment for childcare. Though some variation across countries exists, it is not linked to the provision of formal childcare, duration of parental leave, or tax system,” Hamplová explains.

[…]”Thus, similarly to several other studies, the ESS [European Social Survey] data do not corroborate Betty Friedan’s idea that domesticity and housekeeping leaves women unhappy and unsatisfied,” she writes. “As all 12 measures of happiness/satisfaction point to the same direction, the conclusion that mothers with younger children tend to be better off if they are not engaged in paid employment seems to be robust.”

We’ve had lots of advancements in women’s power, often coming at the expense of men (i.e. – husband candidates). For example, anti-male schools staffed by feminist administrators and feminist teachers might be great for women, but they don’t produce high-earning men for women to marry. And when women vote to expand government, taxes must increase to pay for all the spending. This reduces even further the pool of men who can take on a wife and family shrinks even more because of the increased tax burden.

This article from the leftist The Atlantic explains:

In the view that has prevailed in American education over the past decade, boys are resented, both as the unfairly privileged sex and as obstacles on the path to gender justice for girls. This perspective is promoted in schools of education, and many a teacher now feels that girls need and deserve special indemnifying consideration.

[…]A review of the facts shows boys, not girls, on the weak side of an education gender gap. The typical boy is a year and a half behind the typical girl in reading and writing; he is less committed to school and less likely to go to college. In 1997 college full-time enrollments were 45 percent male and 55 percent female. The Department of Education predicts that the proportion of boys in college classes will continue to shrink.

Data from the U.S. Department of Education and from several recent university studies show that far from being shy and demoralized, today’s girls outshine boys. They get better grades. They have higher educational aspirations. They follow more-rigorous academic programs and participate in advanced-placement classes at higher rates. According to the National Center for Education Statistics, slightly more girls than boys enroll in high-level math and science courses. Girls, allegedly timorous and lacking in confidence, now outnumber boys in student government, in honor societies, on school newspapers, and in debating clubs. Only in sports are boys ahead, and women’s groups are targeting the sports gap with a vengeance. Girls read more books. They outperform boys on tests for artistic and musical ability. More girls than boys study abroad. More join the Peace Corps. At the same time, more boys than girls are suspended from school. More are held back and more drop out. Boys are three times as likely to receive a diagnosis of attention-deficit hyperactivity disorder. More boys than girls are involved in crime, alcohol, and drugs. Girls attempt suicide more often than boys, but it is boys who more often succeed. In 1997, a typical year, 4,483 young people aged five to twenty-four committed suicide: 701 females and 3,782 males.

It’s important to note that women are not victims here, they are actually the ones who created the shortage of men who could earn enough money to support a family, and allow them to stay home with their children. Their “advancements in power” came at a cost: they undermined the system that produced men who were capable of handling the financial demands of a family where the wife can raise her own children.

Look at this study of how women have voted to expand government and therefore raise taxes on working men for social programs that replace husbands:

This paper examines the growth of government during this century as a result of giving women the right to vote. Using cross‐sectional time‐series data for 1870–1940, we examine state government expenditures and revenue as well as voting by U.S. House and Senate state delegations and the passage of a wide range of different state laws. Suffrage coincided with immediate increases in state government expenditures and revenue and more liberal voting patterns for federal representatives, and these effects continued growing over time as more women took advantage of the franchise. Contrary to many recent suggestions, the gender gap is not something that has arisen since the 1970s, and it helps explain why American government started growing when it did.

Bigger government means higher taxes means men earn less money, after taxes. How are you supposed to keep your wife home to watch over the little ones when taxes are higher? You can’t.

Democrats oppose release of #FISAMemo detailing surveillance abuses #ReleaseTheMemo

The Memo "raises serious questions about... the Obama DOJ"
The memo “raises serious questions about… the Obama DOJ and Comey FBI”

OK, I’m not following this story too closely, but I think what I’m hearing is that the Clinton campaign funded a company called Fusion GPS, which produced a Trump-Russia dossier. And this dossier was then used to get surveillance warrants on Trump campaign staff, in order to help Hillary Clinton win the election. And apparently, there’s a memo that documents exactly how this was done, and the Republicans are trying to release it to the public, while the Democrats are trying to cover it up.

The Daily Caller talks about what’s IN the memo:

National security journalist and Fox News contributor Sara Carter reportedThursday that the memo shows “extensive Foreign Intelligence Surveillance Act abuse.”

The memo also contains information about the Department of Justice (DOJ) and Federal Bureau of Investigation (FBI), as well as the infamous Trump-Russia dossier.

Carter also writes that sources told her “they would not be surprised if it leads to the end of Robert Mueller’s Special Counsel investigation into President Trump and his associates.”

She also reports that an unnamed congressional member told her “(w)e probably will get this stuff released by the end of the month.”

The article has some tweets by Congressmen Louie Gohmert, Ron DeSantis, etc.

And more:

A number of other Republican lawmakers sounded off about the contents of the classified intelligence memo.

Pennsylvania Rep. Scott Perry told Fox News, “You think about, ‘is this happening in America or is this the KGB?’ That’s how alarming it is.”

Florida Rep. Matt Gaetz said, “I believe the consequence of its release will be major changes in people currently working at the FBI and the Department of Justice.”

Gaetz also issued a statement on his congressional website Thursday calling for the document to be released to the public, writing, “The House must immediately make public the memo prepared by the Intelligence Committee regarding the FBI and the Department of Justice. The facts contained in this memo are jaw-dropping and demand full transparency. There is no higher priority than the release of this information to preserve our democracy.”

How bad are the contents of the memo?

Here’s the latest from Fox News:

A four-page memo circulating in Congress that reveals alleged United States government surveillance abuses is being described by lawmakers as “shocking,” “troubling” and “alarming,” with one congressman likening the details to KGB activity in Russia.

Speaking with Fox News, the lawmakers said they could not yet discuss the contents of the memo they reviewed on Thursday after it was released to members by the House Intelligence Committee. But they say the memo should be immediately made public.

“It is so alarming the American people have to see this,” Ohio Rep. Jim Jordan said.

“It’s troubling. It is shocking,” North Carolina Rep. Mark Meadows said. “Part of me wishes that I didn’t read it because I don’t want to believe that those kinds of things could be happening in this country that I call home and love so much.”

Florida Rep. Matt Gaetz said he believed people could lose their jobs after the memo is released.

“I believe the consequence of its release will be major changes in people currently working at the FBI and the Department of Justice,” he said, referencing DOJ officials Rod Rosenstein and Bruce Ohr.

“You think about, ‘is this happening in America or is this the KGB?’ That’s how alarming it is,” Pennsylvania Rep. Scott Perry said.

The House Intelligence Committee on Thursday approved a motion by New York Rep. Pete King to release the memo on abuses of FISA, or the Foreign Intelligence Surveillance Act, to all House members.

[…]The vote Thursday morning on releasing the memo to lawmakers was along party lines, with Democrats voting against making it available for all members.

I probably should get ahead of myself, but I am really hoping that some of the Democrats in the DOJ and FBI end up in the slammer. We have a problem with corruption in the government. It’s a problem that will get immeasurably better if we put some Democrats in jail for the crimes they’ve committed. I’m so anxious to see these secular leftists who thought that they were above the law get justice. Government is not intended to be as a weapon against the advocates of limited government. This is not the Soviet Union.

Daughter of single mother explains how absent father ruined her life

 

Do young women understand how to get to a stable marriage?
Do young women understand how to get to a stable marriage?

I found a YouTube video featuring a conversation about the fundamental problem that I see with young, unmarried women: their decision to have recreational premarital sex with hot guys throughout their teens and 20s.

Here is the conversation: (just listen to the first 7 minutes to start)

Note: this conversation contains vulgar language. Listener discretion is advised.

Molyneux gets her talking about the most important question that women who fail with men never want to answer: why did your mother choose this awful, awful man, to be your father out of all the other men in the world? At the end, she really has learned her lesson and gives a good warning to other young women at the crossroads.

Summary of key admissions:

  • Caller: I’m a 41-year-old single white female who was a bad girl in my 20s. I was raised fatherless by a loving Christian mom. Question: what caused me to fail at life and be living with my (divorced) mother?
  • I was gifted, very intellectual, top of the class
  • My mom is a very caring person
  • My mom approached my Dad when he was already in another relationship (i.e. – her mom was the woman her father cheated with on another woman, then her mom married this cheating man and he dumped the previous woman)
  • My mom was very attractive, and could have chosen different men, but she was really attracted to this terrible man
  • My mom had a desire to get away from her strict parents, who she resented
  • when I was 15 I chose a man, I had recreational sex with him before marriage, and he stalked me and humiliated me
  • I felt like an adult at age 15, and I had sex with this man then so that I could put childhood behind me and become an adult
  • My mother counter-acted the absence of my Dad by raising me as a Christian – she was a radical, intense Christian and that hyper-religiosity made me not want to talk about sex with her
  • My mom divorced my father because he was a jerk
  • My mom did not mind that he had other children from past relationships, was underemployed, and was lazy
  • I used to sneak out of my room and sit on the back porch and drink alcohol with the neighbor kids
  • My mom was a worrier and a control freak, so I rebelled against her warnings and attempts to set boundaries on my wildness
  • I and my 15-year-old recreational sex partner used a condom from my devout Christian mother’s drawer
  • I had sex with 5 different boyfriends from age 15-18 and caught mono
  • My mom had temporary boyfriends after the divorce
  • In my 20s, “there wasn’t much to do except go out and drink”. “two to three times a week, me and my girlfriends would get dressed up, go to the clubs, and try to attract hot guys”.
  • From 21-30, I stopped looking for relationships, I just hooked up with hot guys for one-night stands and FWBs
  • I felt better about myself, more confident and in control when I would drink and have one-night stands with these hot guys
  • “I don’t know why I was so focused on looks” in these guys
  • The hooking up stopped at 30, then dating (with sex) resumed
  • I realized that the hot guys I wanted were not going to settle down, especially with new younger women available
  • From 15 to now, I’ve slept with 60 different men, sometimes repeatedly, and on and off
  • I never admitted the true number of men I slept with to any of these men
  • last relationship was 5 years ago (at age 36)
  • I have lost interest in sex, and lost interest in men
  • I don’t have the mental toughness to be in a relationship
  • I have “been broken” by too many failed relationships
  • nobody told me that my decisions with men were not going to go well

In the final 8 minutes where Stefan explains the larger consequences of women’s choices for civilization is very important, I think. I was surprised that he spoke directly to the “hot” alpha males that women want and told them that they are breaking women, and share the blame for destroying our civilization. The thing is, I don’t think those hot alpha males care about civilization, or anything except for themselves. So why do young women choose them?

If I had to pick one essential characteristic of young, unmarried women which ruins their lives, it is their inability to choose responsible men who are proven to be good at doing the things that men do as husbands and fathers. Young, unmarried women today are attracted to men who are LOUSY at the things that men do as husbands and fathers. Responsible men with strict morals and settled religion are not attractive to young, unmarried women. These women can’t connect their choices with men to the tasks that men actually perform in a married home. I am talking about non-Christian women AND Christian women. Nothing that women learn in church corrects this flaw. They are taught to believe that God speaks to them through their emotions, that they must follow their emotions, and everything they do that blows up in their faces is the fault of men. It’s never their responsibility.

Men’s rights activists say that this flaw is the root cause of the end of civilization, and I’m inclined to believe them. Saving women from this flaw is the number one task of fathers, and it is the number one thing that women must look for in a man they make babies with: FIND A MAN WHO CAN BREAK YOUR FUTURE DAUGHTER(S) OUT OF THIS DELUSION BEFORE THEY CHOOSE A BAD MAN. Strong men confront women and set boundaries to help women make better choices. Weak men blame the bad men that women freely choose and this does NOT help women make better choices. Women need to understand that men who speak to them directly, and tell them no, and set boundaries and try to push them to be serious about education and career and finances and marriage are NOT anti-woman. We are trying to protect you and strengthen you, by telling you to make good decisions, and be responsible.

Google now censoring conservative news, while giving leftist propaganda a free pass

Google's new motto
Google’s new motto: be evil

Google is a radically leftist company that fires employees (e.g. – James Damore) who step outside of progressive dogma. And now they’re promoting leftist causes in their search engine – by censoring conservative news sources.

The Daily Caller explains:

Google, the most powerful search engine in the world, is now displaying fact checks for conservative publications in its results.
No prominent liberal site receives the same treatment.

And not only is Google’s fact-checking highly partisan — perhaps reflecting the sentiments of its leaders — it is also blatantly wrong, asserting sites made “claims” they demonstrably never made.

Here’s an example of the fact-checking that Google does:

The Robert Mueller fact check (pictured above) is a case in point for Google’s new feature.

Ostensibly trying to sum up the crux of the post, the third-party “fact-checking” organization says the “claim” in a DC article that special Counsel Robert Mueller is hiring people that “are all Hillary Clinton supporters” is misleading, if not false.

The problem is that TheDC’s article makes no such claim. Their cited language doesn’t even appear in the article. Worse yet, there was no language trying to make it seem that the investigation into the Trump administration and Russia is entirely comprised of Clinton donors. The story simply contained the news: Mueller hired a Hillary Clinton donor to aid the investigation into President Donald Trump.

The Daily Wire, another “fact-checked” site, has an example of how Google fact checked them:

For example, Google shows a result from Snopes.com with regard to a Daily Wire story about Barack Obama praising Jay-Z while remaining publicly silent on the Congressional baseball shooting. Snopes.com suggests that the story was false, because Obama privately called Sen. Jeff Flake (R-AZ) — an exchange reported only by Flake, not Obama. But the entire premise of the story was that Obama had remained publicly quiet on the shooting.

Or, for example, Daily Wire’s story on race-based shootings in the United States. We reported — correctly — that police kill more white people than black people. Snopes.com ranked that claim “mixed.”

The Federalist is also being “fact-checked”. How good is Google’s “fact-checking” of The Federalist?

Consider the case of a woman named Eileen Wellstone. Out of many thousands of pieces published by The Federalist over the past four years, a single one mentions the name Eileen Wellstone. That article, detailing the sordid history of Bill Clinton, mentions her name exactly once: “Another woman, Eileen Wellstone, claimed Clinton raped her while he was at Oxford University in the late 1960s.”

For some reason, in this “reviewed claim” against The Federalist, Google sends the reader to a Snopes fact-check that argues that Clinton wasn’t expelled from Oxford over this alleged rape — a point I concede sounds completely accurate and is also an assertion that no one has ever made in this publication.

What should we think of this censorship ? Are people who work for Google stupid people? When you have no one to tell you when you’re wrong, you make mistakes. Confirmation bias causes even “smart” people to make mistakes.

Google is so intolerant of intellectual diversity that they’re now being sued by former employees who refused to goose-step along with their progressive dogma.

The far-left Washington Post reported on that:

James Damore, the former Google engineer who was fired after distributing a memo questioning the company’s diversity policies, filed a class-action lawsuit Monday claiming that the technology giant discriminates against white men and conservatives.

[…]The suit by Damore, filed in Santa Clara, Calif., alleges discrimination by Google against men, people of the “Caucasian race,” and people with perceived conservative political views.  The suit says that Google employees who expressed views deviating from the majority at Google on politics or on employment practices, including “diversity hiring policies, bias sensitivity, and social justice,” were “singled out, mistreated, and systematically punished and terminated from Google,” in violation of their legal rights.

Damore’s fellow plaintiff in the class action is another Google employee, a former software engineer named David Gudeman.

[…]Damore’s legal complaint filled over 200 pages and included screenshots of emails and other correspondence between Damore and Google employees, and anonymous complaints from current Google employees who hold conservative viewpoints. One screenshot showed an email from a Google engineer who wrote Damore, “You’re a misogynist and a terrible human. I will keep hounding you until one of us is fired.”

Another screenshot shows how a Google employee received a so-called peer bonus — in which a colleague can recommend another colleague for a bonus — for speaking out against the values in Damore’s memo.

The complaint described another Google event, the company’s weekly “all-hands,” in which Google executives “shamed” teams that did not have 50 percent women on staff.

“There’s a Lord of the Flies mentality there,” said Dhillon. “Where a person can be singled out, shamed, and fired.”

Maybe it’s time for the government to step in and break Google up into smaller companies so that they don’t have a monopoly in the search engine space? If they can’t respect people’s freedoms because they are so committed to being evil, maybe government needs to step in and make sure that we have more competition?