Quote from limitdown:
ever consider that:
1) the environment that business created became too toxic for entreprenuers to survive in?
2) that the depression that we have been in for over 1.5yrs was too toxic for them too?
3) that these are non-political factors?
perhaps not, just blame the guys whom you hate the most, usually works, just doesn't make sense, only attracts others feeling same.
wonder what things would have been like with someone else taking blame..
hey radical thought, why not drag out and vilify those having caused this depression?, hmmmm, hits too close to home on that one...
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Yeah....I see what you are saying....
But there have been no indications from the current admin. that they are going to dramatically cut the size of government ....as well as changing the tax structure....
47% of the population and rising ....will not pay any income taxes.....and it may get to 87%.....
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What needs to happen....
15% Consumption tax only.....10% State.....5% Fed no other taxes....none....
Eliminate the IRS
Eliminate the SEC
Defragment the exchanges to direct access fully electronic venues.....whereby there are no taxes of any sort....no dark pools....no internal matching....all asset classes.....impose size limitations.....SS by electronic tag predicated on float....no finds....
Margin 4:1 intraday, overnight....no account min/max....
The exchange is just timestamping software....no matter what you run through.....All public securities go through public discovery....Electronic regulation becomes simple.....
All in the name of efficient capital....
IBs nor banks can be in the hedge fund or any other competing securties businesses....Banks do local loans....IBs supply the public symbols....
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The bottom line is that the US has to be able to compete head on with BRIC....one does not do this by lopping 0's off your currency ie Chavez....
One does this by "the above"....
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Make it simple as possible.....
The US needs lots of units moving to the positive.....
A unit has income and debt.....
The unit moves forward by 1) increasing income and reducing
debt.....2) and moves in reverse by reducing income and increasing debt....
The Obama Economic Death Squad is implementing 2).....
and has made no mention of the above required changes....quite the opposite....rewarding those that created the problems....ponying debt on unborn children.....and positioning the US to never establish head on competition with BRIC....
The list gets longer and longer.....
In short...the way it is.....
Welcome to the New American Style Fascism....and the suppression of entrepreneurship....
