Monday, March 11, 2019

Money before Morals


The world is now in an era of selfish Money grabbing people, colluding to corrupt Morals and Ethics, by any means necessary. Leading A Nation requires money to fund its population’s basic needs and to grow its economy to fund its future, but no matter the sovereign wealth, the nation also desperately needs strong morals, without any political bias. Presidential or Majestic Leadership is responsible, on the ground not only speaking but listening with one and only one agenda item, Public Morals. Religious leaders and Politicians must undergo the same test of moral thinking and ethical behavior, setting an example of good social citizenry for the entire population. Optimist or Pessimist, Ideas into Industry, and the resulting economic growth and happiness can only be achieved for the many rather than for the few.


Politicians Promise better to the population, the electorate, whatever is necessary to win an election. Policies, Programs and Projects to better standards of living and solve ecological, social and economic problems. Elected as law-makers to the Parliament, one of the branches of Government, members vote and allocate Money to a national budget controlled by, another branch of Government, the Executive. Transparency in awarding Money, Publicly Funded Contracts and Procurement activities, is essential in giving the public confidence in its fairness. But, noting that, trust in these data-driven intelligence reports is strengthen, coming directly from Independent Regulatory Agencies, led by Professional Public Officers, appointed by a special majority of Parliament or a Presidential Commission to add morals. i.e. Nation Auditors, Statistical Bodies, Central Banks, Office Of Budgets.

Public Officers, hired to deliver Public Services, trained using public funds, are Police Officers and other members of the Armed Forces engaged in National Security, are medical workers delivering Healthcare, are Professionals involved in Education, are Engineers and Builders of Infrastructure, and are administrators and regulators of Economic Drivers. The leadership of the civil service creates, amends, reads and interprets rules to manage ministerial mandates and implement newly formed or reformed policies, programs and projects. But Processes and Procedures for implementation are politically delegated to Publicly funded, Special Purpose, State Owned, Companies. With Allocations needed to Audit and Manage Money, but much less to Monitor Morals which, falls to a fraud squad investigation.

Taxpayers, the source of the nation’s revenue, assessed, billed and collected by properly constituted Revenue Agencies, are Registered Corporate Bodies which pay Royalties, Corporation Tax, and other profit-based levies, Employees whose Personal Income Tax are withheld, Consumers who pay Value Added Tax and other sales-based taxes. It is this Revenue Collection which pays for; Resource Preservation to keep the population Safe and Secure, Human Development to make the population Healthy, Skilled and Confident, Infrastructure Management to tool and equip the population, Economic Drivers to build and expand Sectors and Industries, to compete and earn Taxation Revenue, Fiscal Policy  to control the nation’s cash flow, and Governance to take Oversight of Decisions. Hence, it is Government Priorities to achieve Happiness, Peace and Respect throughout the society.

People are so proud of their own individual, personal accreditations, achievements and lifestyles, that they forget to bring the Society, the Nation, along. Many highly qualified and so-called successful persons, cannot and will not have a sensible conversation on the Nation’s Budgeting Priorities; Core Revenue, Public Sector Expenditure, Net Surplus/(Deficit), Consolidated Funds, Debt Servicing, Total Public Debt, or Sovereign Wealth. Sticking to their lane, and jailing themselves in their own homes, without recognizing or appreciating that it is this nation which provided and continues to provide for their own SYNERGIES (Reduce Risks); Securities, Healthcare, Education, Infrastructure and Economic Drivers. While, leaving many people behind with derogatory labels, unable to earn and maintain a basic standard of living, dangerously widening the wealth gap and loosening morals.

Rationale
T.A.J & Associates Company Limited uses this occasion to comment on topics that have been covered, both academically and by the mainstream media, to add its opinion and point out investment opportunity, not to invoke any social action.