Poor Richard's Junto: management science, entrepreneurship, business ownership, management

This blog dares leaders to do better. We encourage those managers with the wits to change and we exchange ideas in management science to mutual benefit and personal development. This is the place for those leaders who admonish folly and hubris and yet are devoted to continuous mental development, entrepreneurship, business ownership, & business management. As such, let this be a forum for thought leaders, CEOs, and business owners as Ben Franklin once did with the Junto and his almanac.

If two men exchange dollars; each man stands to gain a dollar. However, let these men exchange ideas, and each stands to gain a fortune.

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Friday, June 1, 2012

Is Bloomberg still a Capitalist?

Is Mayor Bloomberg asking us, the general public, if we are smart enough to care for ourselves?”  It’s so odd to me that a capitalist worth 22 billion from the founding of his own company is proposing legislation to ban sugary drinks over 16 ounces in size. I’ll assume the best intentions in Mayor Bloomberg but, in doing so, I’m still left with a disturbing feeling. For instance, do I really want our system of laws and enforcement used to make a statement or, do I want our legal system held in reverence?  Or, is the proposed ban truly the best solution and the reality I must accept is that people are so dumb that they won’t figure out a way to get their sugary fix?  By the way, the proposed law doesn’t apply to free refills.

Perplexed by this story, I could immediately think of several ways to legislate the issue in a way a capitalist and most certainly a politician might prefer.

Idea 1:  Affirmative Sugar Action – Create requirements for low calorie/sugar drinks to be served as options in restaurants and grocers. Enforce a sort of affirmative action policy with punitive damages that ensures the big soda guys aren’t monopolizing distribution.

Idea 2:  Green Sugar Subsidies - Create tax breaks for start-up companies trying to break into the category of healthy, taste-good beverages. We could have a Sodalyndra scandal to boot.

Idea 3: Bloomberg Care – Allow insurers to raise premiums on the self inflicted morbidly obese and offer counseling services to address potential underlying psychological issues.

Idea 4: Free 16 oz Markets – Let some whippersnapper entrepreneur allow his restaurant patrons to order any dish/drink combo with a selected maximum sugar/calorie content. They can then make a billion dollars with the restaurant chain and run for Mayor.

Idea 5: Soda Wars - Well, if all else fails we can try prohibition again. Sure it didn’t work out so great last time but, AIG is getting back into insuring subprime synthetic CDOs so I say…..what could go wrong?

After reveling in my solutions that any capitalist or politician would love, I then thought to myself, why wouldn’t a self-made billionaire Mayor think of similar possibilities?  Well, maybe my ideas are worse than his or,…..maybe I just don’t understand what the distracting headline grabbing proposal is meant to draw my attention away from. 

In other news, there is finally a company making headlines by offering common sense small business loans. Shearson Capital has financing options that require no collateral, tax returns, or debt service coverage ratios and they may accept as low as a 500 FICO. This is great news for small companies that have been shut out of the capital markets. The merchant cash advance in los angeles has been all the rage for cash strapped businesses coming out of the Great Recession. 

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