Response to Demeter (Reply #3)
Mon Mar 17, 2014, 05:08 AM
jtuck004 (15,860 posts)
10. Interesting roadmap on how to kill off a country. Bascially, take the companies that
are doing the most to to create other companies, invest in their community, invest in training and research, split it up so that neither of the entities that remain are likely at all to do this, and even if they were there would be no money because profit is being taken off the table and debt added to the company.
And the teacher's union, along with an investment firm, is at the heart of it. - Is there a smilie for irony?
So they kill off the company that used to provide jobs at the school and at their business, a place to work when people graduated, investment in new ideas, tax base for the schools. Gone to put profit in people's pockets.
The teachers need to retire, but they are burning the seed corn of the people left behind. And, frankly, they may not outlive what this does to their city, state, and country. This may rid the place of the jobs for their kid's kids, along with some of the wealth of the town, home for their families and education for the kids...
FYI - this teacher's union is just part of the subject of this article. They are hardly alone - this has been going on for years. It's the breakup of the companies, motivated by easy finance and taxation policies that let them profit from such a maneuver that drive this.
As it continues it will be the ruin of tens of millions of people, and perhaps the country, despite pathetically small attempts at doing anything.
From the article:
The solution may be out of reach. Today California teachers need to protect their pensions by dismantling Ohio manufacturers. The structures of U.S. capital markets and fiscal policy reward investors whose decisions are based on maximizing returns over the short-term. While the Dodd-Frank financial reforms may cut down on some of the riskiest securitization-based investment strategies, new regulations have not created real incentives for the more patient investment that growing production in America requires.
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Interesting roadmap on how to kill off a country. Bascially, take the companies that
|Ghost Dog||Mar 2014||#12|
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