FROM OUR INBOX
Re: A Lottery No One Wants to Win Great article. Send it to Federal Reserve and White House. They should seriously consider your arguments. – Ivona George Porter Stansberry comment: Maybe they should. But you can tell from Trump’s latest appointment (Jerome Powell to Fed Chairman) that there’s very little chance that any meaningful reform of our financial system will occur, or at least not change that’s initiated from the government. The mob might change everything whether we like it or not. Why must the wealth hoarded be taken from pensions? Why couldn’t we just set a limit on the individual wealth that can be hoarded? Awealth hoard ceiling. I suggest $7 million. Control of all wealth hoarded beyond that could be transferred to another person or it will be taxed at 100%. – David Henry Porter Stansberry comment: The problem with spending other people’s money is that you quickly run out of it. If you limit wealth on the individual level, you’ll quickly limit wealth in our economy. You might have noticed that every effort to equalize financial outcomes across economies Our inbox this month was flooded with questions, concerns, and suggestions about the idea of a Jubilee. Some were for, some were against, others were plain ticked off...
leads to famine. Usually within a decade. If you want to turn the U.S. into vast wasteland, like Mao’s China or Stalin’s U.S.S.R., this is a proven way to do it. On the other hand, if you want our nation to become wealthier, then encourage individual fortunes. It should be obvious that we want people like Jeff Bezos and Bill Gates to have access to as much capital as they can earn. They can only consume a tiny, tiny fraction of the wealth they will create. Everything else will vastly enrich our nation. So, they’re coming for “us,” eh? And who do you mean by us, sir? Do you mean people who’ve voted in politicians who’ve off- shored jobs? Politicians who’ve already redistributed so much wealth from the lower economic classes to the upper 1% and continue to seek its completion? Politicians who, as you noted, bailed out GM, other corporations and banks and who, when the “social safety net” of programs needs funding continually seek ways to deny it? People who not only condoned but actively helped to build a government owned by corporations and the rich and powerful? If the people who’ve caused this, who’ve benefited by all of [this] immorality and theft are going to be the ones targeted, then that’s what I call justice. They’re the ones who allowed the usurious enslavement of the youth of this country. If it’s going to be hell, it’s a hell of their own making and well deserved. – Leonard Figorski
14 | November 2017
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