Nationalizing part of the stock exchange can balance the economy

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originally posted by: IgnoranceIsntBlisss
Oh do enjoy yourself, but you had better stop and hear out those who devote their time to best understanding where we're going. Its on me! (it really really is lol)

I appreciate the generosity but I don't need it. I earn my own way.

originally posted by: AugustusMasonicus

originally posted by: IgnoranceIsntBlisss
Oh do enjoy yourself, but you had better stop and hear out those who devote their time to best understanding where we're going. Its on me! (it really really is lol)

I appreciate the generosity but I don't need it. I earn my own way.

"You didn't build that".

a reply to: toysforadults

So basically, you would tell the company my husband works for, say, that they would have to go public or cease operating in the continental US?

You would tell a company that has been privately owned since before WWI that it *must* become publicly traded if it wishes to have the privilege of doing business in the US?

And further, you would take companies like Hobby Lobby and force them to go public as well?

Yeah, there's a name for that, and it's also against the COTUS.

originally posted by: DBCowboy
"You didn't build that".

Nope, but I broke in and took it.

originally posted by: ketsuko
a reply to: toysforadults

So basically, you would tell the company my husband works for, say, that they would have to go public or cease operating in the continental US?

You would tell a company that has been privately owned since before WWI that it *must* become publicly traded if it wishes to have the privilege of doing business in the US?

And further, you would take companies like Hobby Lobby and force them to go public as well?

Yeah, there's a name for that, and it's also against the COTUS.

Uhhh, what?

Man it's either default communism or socialism or default totally free market neither of which are things that actually exist in the real world.

Also, not a single thing you said above actually came out of my mouth (or from my fingers).

originally posted by: AugustusMasonicus

originally posted by: IgnoranceIsntBlisss
Oh do enjoy yourself, but you had better stop and hear out those who devote their time to best understanding where we're going. Its on me! (it really really is lol)

I appreciate the generosity but I don't need it. I earn my own way.

What's funny is I havent even spoken directly about what to do or not with 'money', I've merely spoken outside of the bounds of comprehension we normally have about having about 'money' schemes.

But the results have apparently been just the same.

originally posted by: IgnoranceIsntBlisss
What's funny is I havent even spoken directly about what to do or not with 'money', I've merely spoken outside of the bounds of comprehension we normally have about having about 'money' schemes.

Didn't realize money was a scheme, I typically use it as a means of conduction business. If someone finds that scheming I suppose they are free to transact their business by barter like our primitive ancestors.

Even if your planned nationalization of 30% of the US equity market were a really good idea, and it isn’t, it would be impossible to implement without stealing from US citizens, their 401Ks, IRAs, pension plans as well as foreign citizens and foreign governments. We would break countless laws and trade agreements.

It would instantly destroy our financial and political credibility throughout the world and likely trigger demands for immediate return of principal on all US sovereign debt.

It would provoke the largest stock market sell off in the history of the world as every investor rushes for the exit simultaneously.

It would precipitate an avalanche of lawsuits at various levels of the national and global legal system that would take decades to resolve. Thus bringing the global economy and world capital markets to a screeching halt.

I like the sentiment behind you plan, justice for the little guy. But I really can’t overstate how monumentally disasterous your plan would be. I hope this doesn’t hurt your feelings as it is just the idea that is bad/stupid, not you.

If you are really serious about getting involved in fixing wealthy inequality, then I recommend a serious course of study in one or a combination of the following fields; business/finance/economics/political science/etc. and to pursue a career in one of these fields. Good luck!

a reply to: Dawgishly

Fear monger much??

Real good at hitting those emotions.

a reply to: DanDanDat

You guys have to be joking...?

Look, all of this automation goes nowhere if they don't have people to buy their products. The model of mass unemployment and record profits does not actually work. Who is supplying the money for the profits?

The way it HAS to work (because it fails otherwise) is either: making goods so cheap that the underemployed can afford them or employing people in tasks that automation fails at or is cost prohibitive.

Now, that's not to say there won't be a transition... that transition could be rough (doesn't have to be)... could make the depression look good. Or it could go smoothly. But I imagine a small reset is in order.