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Response to eridani (Reply #51)

Thu Feb 25, 2016, 06:31 AM

52. So, you would rip $9 trillion out of the operating finances of companies and

stuff it in a lock box that does nothing (assuming the money doesn't get spent because no gang of politicians is going to sit and stare at $9 trillion without trying to slide their hand up its skirt). Meanwhile, the companies that used to have that money will have to cut their operating budgets in order to satisfy your seizure. That means they will shutdown $9 trillion worth of production. Less production means less need for workers.

Not every company listed in the stock exchange is like Goldman Sachs. The overwhelming majority actually have to provide tangible goods and services in order for their stock to have any value. The more/better they produce and sell the more they are worth. That's real value and it's honestly earned. It's not CEO salaries; it's the value of resources, labor and projected consumer demand.

Remember: Workers and vendors must be paid before sales can be made. If you can't pay them then you will have no workers or resources and thus no product. No product means no sale. No sale means no revenue. No revenue means bankruptcy.

That is what you're proposing to destroy and you won't even be touching the rich because -- as I keep saying -- the rich don't invest through 401(k)s. The real rich, the ones you don't like, will just shift their investments to markets outside your legislative reach. You'll either end up in the crap-hole like Venezuela or backpedaling like France once the capital flight kicks in.

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