Wall Street buying up Infrastrure(Toll Roads) Do We Need A Fed.Governt any more?

[OHdem10]

"The tax and spend cycle helped keep America relatively equal and
efficiet. The taxes on high incomes discouraged grand accumulations
of wealth. The spending on infrastructure encouraged economic growth
and opportunity. In todays United States the virtuous cycle no
longer spins. The wealthy no longer pay hefty taxes. Local, State,
and Federal Governments no longer invest in infrastructure.
Yesterday's United States built bridges. Today's build fortunes."

"And now those private forturnes are taking aim at America's Public
Infrastructure. Wall Street Bankers and Investment Firms, 'Business
Week' reports are rushing to raise cash or public infrasture buyouts.

"........They recently deluged Goldman Sach, with 6.5 billionfor its
new infrasture fund, more than twice the 3billionit was seeking."

"These govenors and lawmakers, unwilling to tax the rich to maintain
America's roads, are now taking bids to sell these roads to the
rich. In Harrisburg, for instance, Democratic Govenor Edward Rendell
is busy privatizing the 537 mile Pennsylvania Turnpike. Last year,
in Indiana, lawmakers cut a 3.8 billion that gives private investors
a 75 year lease to run the Indiana Toll Road. In all $7 billion worth
public infrastructure has gone private over the last two years. The
next two years, 'Business Week' predicts. could see "$100 billion
worth of public propery "turn private".

"Why the investor rush to public infrastructure? Leases to run toll
roads and bridges amount to licenses to print money........
Private Road management can charge whatever tolls the market can
bear.".......Higher Tolls . Cheaper workforces. Do the Math"

"Middle Class Americans, our deepest pockets have figured out, are
already paying for public sector products and services, and these
affluents have convinced themselves that they deserve a piece of
the public-payment pie. In a deeply unequal America, with ever
greater pools of wealth at the top, they seem to have the dollars
and power---to get it.


This was lifted from a Printed Page TomPaine.com
I received it in an EMail.

Tell me how much longer will we even need a federal government.


"Fascism should be more appropriately called Corporatism, because
it is the merger of state and corporate power." ----Benito Mussolini