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Much of what liberals and conservatives debate over is projecting and determining cost of various things. That's part of what accountants do. Conservatives often accuse liberals of wanting things that they don't have the money for.
you are not talking just accounting here, you are talking projections of future activity. the problem with that is that some use the current government model of using a static model to determine what happens when you make a change to something. this is done by the GAO, and by law they must use a static economic model.
the problem comes in that the economy is not a static model, but rather a dynamic one, and there in lies the problem. since one cannot accurately predict what will happen when changes are made to anything in the economy, say changes in the tax code for instance, the government requires a static model to be used.
but in the business world they try to use a dynamic model when projecting future revenue and expenses. for instance lets say you are running a hotel, and you need to project your revenue and expenses for the next six months. you look at the previous years numbers, check the trends from previous years, base them on what is currently happening, and the you project an increase or decrease in activity for the next six months. from there you can project your revenues and expenses based on that projected activity.
with a static model you cannot take into account possible behavior by people, only what the increase or decrease in what ever you are planning. take taxes for instance, when clinton lowered the capital gains tax, the economy jumped because people started investing more of their money into the markets and businesses. but the government could not make that type of projection.
My hunch is that if you choose your accountants by the correctness of their political opinions, you might be liable to being taken for all you're worth.
I'm more fiscally conservative then any Republican or conservative I have ever met in my whoe entire life. I'm pretty liberal as far as social values....tolerance, etc.
So --- I say -- your political ideology has little to do with your ability to be fiscally conservative.
In all seriousness, Jordan Peterson (psychologist) has talked about this subject a bit. He says that conservatives are generally higher in conscientiousness and orderliness than liberals, and liberals are higher in openness to new experience.
Basically what that means is that conservatives tend to be better manager types who are more strict and detail-oriented, and liberals tend to be better entrepreneurs or artists who are more creative. Obviously that's speaking generally...I'm kind of a mix myself.
So I do think personality plays a big role in politics, and you could say liberals may be more lax when it comes to finances due to that.
Perhaps I have missed some recent events. Liberals or conservatives as accountants?.. seriously? What is the point of this query?
Accounting is a professional practice conducted in accordance to tax laws and statues as defined by FASB; it's not like there is some big gap in terms of what a conservative accounting professional would do vs. a liberal one.
What's next - who makes for better doctors, structural engineers, jazz musicians...
Perhaps I have missed some recent events. Liberals or conservatives as accountants?.. seriously? What is the point of this query?
Accounting is a professional practice conducted in accordance to tax laws and statues as defined by FASB; it's not like there is some big gap in terms of what a conservative accounting professional would do vs. a liberal one.
What's next - who makes for better doctors, structural engineers, jazz musicians...
good question. when i hired people to work for me, i didnt ask them their political stance on things.
in the end who makes a better accountant doesnt come down to being liberal or conservative. it comes down to attention to detail, and an ability to work with numbers to put them in their proper order.
This. Attention to detail and numeracy matter, politics don't.
With that said, from my own observations most good accountants lean conservative on fiscal issues, however there is nothing about being conservative that makes you a good accountant (on the flip side, I do believe that the traits that produce a good accountant do incline people to be more likely to hold conservative fiscal views).
Liberal leaning, if you avoid talking politics. They try to dig up more ways to maximize refund and justifying this that and the other on itemized deductions.
Conservative leaning, they'll stick with what they know to avoid an audit or pushing your luck...
When I got a phone call from the liberal leaning one at least he said he himself had made an error and resubmitted my taxes otherwise I'd have to show for alot more income than what I had made. Can't justify 90k in spending with 86k made... he almost got me audited.
The conservative guy he would always tell me, what's fair is fair, however if you want to try scheming the IRS you're playing with fire. The liberal leaning one... he wanted to try everything under the sun...
Both dudes were old. 70s.
Want to go on other trades?
Best nurses I've dealt with care wise, liberal.
Look wise. Conservative.
Liberal one does this hurt does that hurt.
Conservative this is going to hurt a little.
Mechanics I've worked with. Liberal ones couldn't wait for 5. They'd be standing by the clock with their time card for 10 15 minutes. Me and the other go getters, go in early and be the last to leave. Always a different reason why when I'd ask them it's not 5 why are you calling it a day.
Ah thanks...I do remember seeing this one. I was thinking of a different video, but this one works perfectly too.
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