I hope you had a wonderful weekend! Welcome to Thanksgiving week!
LRPC’s Monday Morning Minute for this week, “Five Things All Americans Should Be Thankful For” (presented below) comes to you courtesy of John Shinal. As an independent, objective Registered Investment Advisory (RIA) firm, Lawton Retirement Plan Consultants, LLC (LRPC) has access to research from many sources. Be assured that I will share enlightening, useful information with you each week.
I believe we all have a lot to be thankful for in this country. And most of us probably don’t count our blessings often enough. Take time this week to reflect on all you have.
Have a joyous Thanksgiving!
Five Things All Americans Should Be Thankful For
By John Shinal
With Thanksgiving nigh — here are five things all Americans can be thankful for:
1. We don’t fear terror at the hands of our own government
We’ve had the good fortune to be born in, or the good sense to emigrate to, a country with a long-established and stable record of peaceful democracy within our borders. While you can argue over whether there has been a corporate takeover of America, due to lobbyist money that influences elected officials, it’s inarguable that we’ve never had a military takeover of the civilian government in the United States. Good thing the late Alexander Haig Jr., a former Army general, was only secretary of state when he declared himself in charge after President Reagan was shot in 1981.
Political protest, including civil disobedience, is healthy for society — especially during unjust economic times — because it provides an outlet for revolutionary impulses. Let’s cherish the fact that Americans can stage a political protest, whether by marching in the streets or, in certain places like my home city of San Francisco, actually camp in them, without the fear of being mowed down by military or police action.
The U.S. government has the capacity to make your life a legal or economic nightmare, no question. But it doesn’t routinely disappear its own citizens in the middle of the night and leave them in prison to rot, or worse. The same thing can’t be said for the people of a great many nations on this planet, including more than a billion human beings in Russia and China.
2. Still the best melting pot
Despite many horrific missteps, the country is today largely devoid of racial, ethnic or religious violence. Yes, there is still racism and bigotry in America, and there are still victims of hate crimes, but it’s not pervasive nor as bad as it used to be, from my observation point, and with apologies to Native Americans and the descendants of slaves.
The best description I’ve ever heard of this strength of America, this ability to welcome and assimilate disparate races, cultures, religions and political beliefs into a single society, came from someone much wiser and better traveled than me, the Bay Area’s own guitarist extraordinaire, Carlos Santana.
At a concert I attended in the 1980s in San Antonio, Texas, Santana, after looking out at the multicultural crowd, uttered words to this effect: “We just came back from playing overseas. We played for Japanese in Tokyo, Russians in Moscow and Germans in Berlin. Now we’re back in the U.S., where we can play for the entire world.”
Do you remember the war in the Balkans in the 1990s, where Serbs and Croats and Bosnians were killing other people on a massive scale just because they were unlike each other? That type of violence plays out on a daily basis across much of the world, but not since the Civil War ended in April 1865 has the U.S. seen widespread sectarian violence, despite our myriad racial, ethnic and religious backgrounds.
Viva la melting pot!
3. George Washington and Thomas Jefferson for president
We live in a country with a really, really good founding political document. Personal failings aside, the men who wrote the U.S. Constitution did one hell of a job of creating a stable political system. Parliamentary governments may be more robust democracies, as anyone who watches the British House of Commons debate on C-Span can tell you, but they are also less stable than our system.
Whether our current group of political leaders is up to the task of leading our nation out of the current financial crisis is an open question, but they have a better shot at it than do the leaders of Italy, Greece and other countries where governments routinely fall during times of crisis. So a hat tip, please, to executive and legislative branches sharing power for a fixed number of years, and a judicial branch filled with judges-for-life who can check them both.
You rocked, Thomas Jefferson!
4. Still the hub of innovation
Every week, I talk to several start-up executives among my rounds of interviews. Many of them, a good many, are recent immigrants who, when they hit upon a product idea worthy (in their eyes, at least) of founding a company on, came to this country to pursue their economic dream. America is a land of great second acts.
These people come here because the U.S. is a place that encourages innovators and entrepreneurs, where they can get funded and nurtured. As Mikkel Svane, a recent immigrant from Denmark and CEO of Zendesk Inc., told me earlier this year, no other country has as robust an ecosystem (namely, the venture capital/private equity industry) designed specifically to help encourage and fund new businesses.
Yes, this country has a lot of challenges to its system of higher education (not to mention K-12). And China and India are rapidly closing the innovation gap with us, thanks to the millions of engineers they graduate every year. But until we really screw up the place, the U.S. is where the brightest want to come.
5. Love is all you need
Be thankful for the love of the people in your life. What wealth do we have, really, in the absence of the support, companionship, and joy we possess while in the company of our family, friends, neighbors, and co-workers? Don’t get me wrong: A lot of people grow up in the middle of a horror show. But by and large, whether the times are good or tough, Americans are mostly generous to each other.
Enjoy the holiday.
Lawton Retirement Plan Consultants, LLC (LRPC) Monday Morning Minute is crafted to provide decision-makers with important information about the economy, investments and corporate retirement plans in a format that allows a reader to consume the information in less than 60 seconds. As an independent, objective investment adviser, LRPC has access to many sources of research and shares the best and most relevant information with its readers each week.
Lawton Retirement Plan Consultants, LLC is a Milwaukee, Wisconsin-based independent, objective Registered Investment Adviser (RIA) providing investment advisory, fiduciary compliance, employee education, provider management and plan design services to retirement plan sponsors. The firm currently has contracts in place to provide consulting services on more than $400 million in plan assets. For more information, please contact Robert C. Lawton at (414) 828-4015 or email@example.com or visit the firm’s website at http://www.lawtonrpc.com. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance, tax, legal or investment advice. Each plan has unique requirements and you should consult your attorney or tax adviser for guidance on your specific situation. In no way does Lawton Retirement Plan Consultants, LLC assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations. Investors should carefully consider investment objectives, risks, charges and expenses. The statements in this publication are the opinions and beliefs of the commentator expressed when the commentary was made and are not intended to represent that person’s opinions and beliefs at any other time. The commentary does not necessarily reflect the opinion of Lawton Retirement Plan Consultants, LLC and should not be construed as recommendations or investment advice. Lawton Retirement Plan Consultants, LLC offers no tax, legal or accounting advice and any advice contained herein is not specific to any individual, entity or retirement plan, but rather general in nature and, therefore, should not be relied upon for specific investment situations. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser and accepts clients outside of Wisconsin based upon applicable state registration regulations and the “de minimus” exception.