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Prosper

(761 posts)
1. Money is the lifeblood of an economy.
Wed May 1, 2019, 10:20 AM
May 2019

And as such money should be treated like a resource and regulated so it maintains its life fulfilling its purpose, to facilitate the exchange of goods and services. A system that lets money be removed from the economy is no different than a football game where the Victors take possession of and remove the footballs from the game. Eventually GAME OVER. Allowing money to be hoarded is the death of an economy. An economy by definition is the trading of goods and services. The trading of goods and services is facilitated by money. Hoarding of money besides killing an economy will also eventually kill a society. The rule for money should be use it or lose it. Acknowledgement of the skills required to amass large fortunes should be in the form of possessions so that work will continue. Rewards for excellence in amassing fortunes can be in the form of reduced personal property taxes. Maybe some other form that helps make painless the contribution to create parks and businesses and healthy workers and living wages, in a word prosperity. Hoarding money is a choice by the wealthy to impose poverty on the less fortunate.

The recent worst evil of all, Commodities Futures Modernization Act, should be immediately repealed. The CFMA simply makes the accumulation of wealth without providing a service. For the Conservatives, you can still keep some forms of insurance. The traditional forms of commodities that require a stabilized market in spite of natural phenomena will still be protected by futures trading. Like the damming up of a river at the head of a valley so are the monmies that are used to secure unintersted positions in trading, derivative securitising. Bust open that dam and release a flood of prosperity..

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