Friday, September 4, 2009
The Economy...thought 1
Well, in true capitalist style, we all now know that the shareholder reigns supreme at the expense of the people on whose backs the value is earned. Bailout recipients need to accelerate payment to the government before share value goes up – if they are going to pursue the economic times as an excuse to wring every last drop of sweat out of a reduced and overworked, coerced (yes, coerced by fear of job loss) workforce. Shareholders - sure I’m one too, but, I’m a long-term investor (the way the markets were originally designed to flow) and I can wait for a bigger dividend if it means my neighbor 1) keeps their job (reduces stress on public services such as Unemployment and Medicaid), 2) is able to keep their house (lack of neighborhood foreclosures preserves the value of my property) and 3) can pay the taxes on it (reduces my local tax burden). See? I can be charitable with win-win results…..
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