Now that big financial corporates have used the capital to leverage maximum profit with minimum growth, consolidating the benefit for Wall Street amd devolving the detriment (the bad debt on a consolidation of capital) to small street with this bailout bill, described as a rescue plan, the argument to be made now by predatory capitalists is to ensure the free flow of capital in a global economy.
Remember that predatroty capitalists operate with consolidated power (capital) and mass money flows (volume), described in a previous article.
The next step in consolidating power, and keeping it, after plundering The People is to continue to operate with the force and legitimacy of public authority that will not act to redistribute the consolidated gains and recapitalize the marketplace to add supply or competition (supporting prices and profits).
The primary argument to be made will be that allowing government to function as an investment bank through a progressive tax code, instead of just a dumping ground for toxic-waste assets, will be an obstruction to free markets, free enterprise, and the free flow of capital.
This is a fraud!
Now is the time for a progressive tax code and a recapitalization of our economy from the bottom up, rewarding small, financial business entities that have proven to be maximally efficient and not a threat to the economy, but an asset, providing liquidity where the big corporates were locked up with bad, overleveraged debt.
Invest the MBA's now unemployed by the inefficiencies of big financial corporates to start-up the more efficient small businesses in their place with the capital consolidated, progressively taxed and recapitalized toward efficiency of free markets that add supply by financing growth--eneterprise--not consolidation of wealth and power.
The efficiency will also be manifest in minimal need for regulatory authority because a plurality of free enterprising entities maximizes supply without any one entity so big to be abusive. Being abusive is inimical to your survival because the economy is not dependant on your business in a free and unconsolidated marketplace that will not tolerate abuse.
If you genuinely want the free flow of capital and remove the ability of corporates to abusively hold our economy hostage to greed and corruption, this is how you do it.
Very best wishes.
Friday, October 3, 2008
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