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Tue Dec 11, 2012, 05:32 AM

Wall Street is replacing "private enterprise"...

as we have known it.

Unlike any time at least since the 1920's, corporations and wealthy individuals are making their money on Wall Street, not Main Street.

Their profits are not invested in more labor or new equipment, it is invested in funds of all sorts and shapes. They can make more money on Wall Street at this time than they can by producing more jobs.

Corporations, unlike small businesses, are able to buy up other competition and charge higher and higher prices for their products. Coupled with their manipulation of Wall Street, they are able to return a continuously high dividend to their investors, year after year.

Their strategy of "buying" our politicians in exchange for lower and lower tax rates is not only a threat to "free enterprise" as we have known it but also, a threat to the social fabric that we have built up over the last 75 years.

Wall Street is a problem and politicians continue to turn the other direction. They pretend not to see. "Everybody is in the stock market now", they advise us. "We have no enemies - we are all in this together..."

The refusal of our politicians to address this problem is a great failure of our times. The logical step would be to stop them from taking all our wealth and accumulating it at the top. How could we do that??

First of all, the aforementioned "politicians" could put a 1/2 of 1% surcharge on every stock transaction and that money could go into our Treasury to secure our social fabric that they are destroying. Penalties could be secured on investments that are not kept for a certain length of time. But this would take some backbone and will power by our elected officials.

There is nothing on the horizon to indicate we have such leaders.

16 replies, 1610 views

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Arrow 16 replies Author Time Post
Reply Wall Street is replacing "private enterprise"... (Original post)
kentuck Dec 2012 OP
Arkansas Granny Dec 2012 #1
ReRe Dec 2012 #2
kentuck Dec 2012 #3
GigiMommy Dec 2012 #4
backtoblue Dec 2012 #11
quaker bill Dec 2012 #5
kentuck Dec 2012 #6
Harry_Scrote Dec 2012 #7
Fedaykin Dec 2012 #8
Egalitarian Thug Dec 2012 #9
4_TN_TITANS Dec 2012 #10
jwirr Dec 2012 #12
progressoid Dec 2012 #13
DaniDubois Dec 2012 #14
HiPointDem Dec 2012 #15
woo me with science Dec 2012 #16

Response to kentuck (Original post)

Tue Dec 11, 2012, 06:31 AM

1. K&R

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Response to kentuck (Original post)

Tue Dec 11, 2012, 06:55 AM

2. There might be a ray of hope on the horizon though?

K&R

After all, Elizabeth Warren was just elected to the Senate, and I know she knows all of this. As a matter of fact, I remember someone actually mentioning this idea... of taxing transactions on Wall Street. Might have been Elliot Spitzer? Or Thom Hartmann? Norman Goldman? Sorry I can't remember. Don't give up, kentuck. If we give up, there's no WAY good can win out in the end.
"If you never stop fighting for what you believe in, then you will always be victorious."--Ramona Africa

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Response to ReRe (Reply #2)

Tue Dec 11, 2012, 06:59 AM

3. Elizabeth is a ray of hope...

But, unfortunately, one person cannot do a whole lot until the people change the way they think.

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Response to kentuck (Original post)

Tue Dec 11, 2012, 07:03 AM

4. So so true...

as I see TD Ameritrade ads surrounding your post. Amazing.

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Response to GigiMommy (Reply #4)

Tue Dec 11, 2012, 09:51 AM

11. that's just creepy

target advertising on posts in DU? could be coincidence...?

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Response to kentuck (Original post)

Tue Dec 11, 2012, 07:17 AM

5. Replaced is more accurate

When Mittens and his buddies started gutting companies for fun and profit back in the 1980s, Wall Street had started to replace private enterprise. Much of this was accomplished between 1980 and 1992. It just continues in a maintenance cycle today.

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Response to quaker bill (Reply #5)

Tue Dec 11, 2012, 08:05 AM

6. Good point , quaker bill

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Response to kentuck (Original post)

Tue Dec 11, 2012, 08:18 AM

7. These so-called MBA's

...Are straight-up criminals.

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Response to kentuck (Original post)

Tue Dec 11, 2012, 08:19 AM

8. "Everybody is in the stock market now", they advise us. "We have no enemies -

 

"...we are all in this together..." History repeats itself and those who don't learn from it are doomed to repeat it! They said the above quote in 1928...

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Response to kentuck (Original post)

Tue Dec 11, 2012, 08:19 AM

9. We know what the problems are. We know what the solutions are. We are prevented from choosing

 

those who would implement them by a system they have captured. This next year is going to be a very interesting time and a suspicious person might think we are being set up.

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Response to kentuck (Original post)

Tue Dec 11, 2012, 09:44 AM

10. Well stated.

There is no investment in Main Street anymore and it shows. No way in hell would I strike out on a small business venture right now.

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Response to kentuck (Original post)

Tue Dec 11, 2012, 06:24 PM

12. And there in lies our problem.

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Response to kentuck (Original post)

Wed Dec 12, 2012, 12:49 AM

13. Politicians aren't turning the other direction.

They are embracing Wall Street with open arms (with a few exceptions).

Welcome to the Corporate States of America.

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Response to kentuck (Original post)

Wed Dec 12, 2012, 01:28 AM

14. Great share! Thanks.

 

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Response to kentuck (Original post)

Wed Dec 12, 2012, 05:58 AM

15. kr

 

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Response to kentuck (Original post)

Wed Dec 12, 2012, 12:02 PM

16. K&R

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