Or Obama either?
National Savings = National Debt ~= Private Assets under fee-based "management"
(hat tip MoveThroughIt )
What if we just:
* quit grossly over-taxing labor with FICA/medicare/medicaid, (not to mention distorted property/building taxes)
* quit asking everyone to let Wall St "play" with all the
demand-leakage liquidity ... and instead
* just kept all that diverted initiative at work and INVESTED, in the USA?
Stop the stupid? Is it rally that simple?
Gosh indeed. Maybe our national Adaptive Rate might turn positive again?
ps: There are always Index Funds
or, you can try the Occupy Money Cooperative, but remember that even the TBTJ banks were once honest ... once upon a time ... well, maybe.
2 comments:
Too bad the comments got turned off on Warren's site, I'd like to see what he has to say about it.
If it means what I think it means, then Wall St. is even more useless than we thought.
I say "Fewer IPOs and more IPAs"!
Well, it roughly follows from the idea of a net source of extra fiat currency credits for people to accumulate.
Net national "debt" units = Net private financial savings accumulated?
& only non-negligible amounts of that accumulated financial savings is NOT under private management? What could go wrong?
Reminiscent of the fact that in different stock markets, there can be more Mutual Funds than there are actually stocks to list.
That's when you know we're top heavy on risk managers vs inventors, explorers and leaders .... and that we're about to have a national heart attack.
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