11/20/2008
DEATH OF A CIVILIZATION III
May be it is too harsh to say that it is just like betting on a man dying as to when he will be dead, but it is at least in the same moral realm of stealing a dead man's wallet.
What I am talking about is the stock market. Like I have said before it is no longer a place to "Invest" in companies and their future, no, since deregulation and Mr. Reagan, it is advertised as such, and has become a place to make a quick buck and to see how you can scam monies from others.
For the past thirty years, the government money, "deficit spending" has been channeled to the rich thru stock market. However you slice it, my theory is the only right. As the government spends money and does not collect taxes, the money flows thru the economy ending up with the richest. Now the scam was as to how to get that money in "your" pockets. Since the money has to be spent somehow, corporations end up getting their hands on it, and with lower taxes, the richest get to keep most of what they make. So how you can get the most, is thru the stock trading, day trading, options, and then margins. As more and more money was needed the leverage.
Stupidity is contagious. Back in June and July when I was complaining that the economy is not designed for a four dollar a gallon gas, many had called me out. At that time I had proposed, among other things, an increase in margin requirements on oil trades, and an increase in the capital gains tax of up to ninety percent on short term trades of investments held for less than twelve months.
No matter what the bail out plans proposed and implemented by the governments, the economy can not improve unless the stock market i s brought under control, we can not allow the vultures to scam the country. The stock market should be brought back to the real function of the "MARKET" to buy and invest in company shares of your choice, not a casino to make a quick buck, if not then the country is doomed.
DEATH OF A CIVILIZATION III
May be it is too harsh to say that it is just like betting on a man dying as to when he will be dead, but it is at least in the same moral realm of stealing a dead man's wallet.
What I am talking about is the stock market. Like I have said before it is no longer a place to "Invest" in companies and their future, no, since deregulation and Mr. Reagan, it is advertised as such, and has become a place to make a quick buck and to see how you can scam monies from others.
For the past thirty years, the government money, "deficit spending" has been channeled to the rich thru stock market. However you slice it, my theory is the only right. As the government spends money and does not collect taxes, the money flows thru the economy ending up with the richest. Now the scam was as to how to get that money in "your" pockets. Since the money has to be spent somehow, corporations end up getting their hands on it, and with lower taxes, the richest get to keep most of what they make. So how you can get the most, is thru the stock trading, day trading, options, and then margins. As more and more money was needed the leverage.
Stupidity is contagious. Back in June and July when I was complaining that the economy is not designed for a four dollar a gallon gas, many had called me out. At that time I had proposed, among other things, an increase in margin requirements on oil trades, and an increase in the capital gains tax of up to ninety percent on short term trades of investments held for less than twelve months.
No matter what the bail out plans proposed and implemented by the governments, the economy can not improve unless the stock market i s brought under control, we can not allow the vultures to scam the country. The stock market should be brought back to the real function of the "MARKET" to buy and invest in company shares of your choice, not a casino to make a quick buck, if not then the country is doomed.
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