The financial changes that are needed:

truedelphi

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Thu Jul-29-10 01:58 PM
Original message

The financial changes that are needed:

Someone named Orda posted these words over at "alternet," and I thought they were both brilliant and concise:

In addition to appointing Elizabeth Warren, the reform we need consists of four pillars of change:

1. Campaign finance reform.
2. Reinstatement of Glass-Steagall
3. A financial transaction tax
4. Revocation of corporate personhood

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Oregone

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Thu Jul-29-10 02:00 PM
Response to Original message

1. But we already got financial reform? What do you want--a pony too?

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DJ13

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Thu Jul-29-10 02:01 PM
Response to Reply #1

2. I have 1.5 acres, hell yes I want my pony!

:rofl:

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T Wolf

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Thu Jul-29-10 02:02 PM
Response to Original message

3. I would like a return to a progressive income tax structure - with all income treated the same.

And a major revision of exactly what kind of financial schemes are legal. Let's get back to investing instead of gambling.

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jotsy

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Thu Jul-29-10 02:40 PM
Response to Original message

4. Good pillars

to use as a temporary structure akin to the destructive one we know, while Mrs. Warren designs something more streamlined and effective, thus stable and hopefully, accountable. Away with the mystique of the labyrinth of turf chasing culpable crews and other regulatory tools that only serve to create a system where everyone can blame everyone else.

Nice find!

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Riftaxe

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Thu Jul-29-10 02:49 PM
Response to Original message

5. Have you ever asked yourself

why the fiction of corporate personhood was necessary and how it came about?

Perhaps go do a bit of research, then we can talk about the ramifications of voiding the majority of contract law, and the anarchy that would ensue.

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truedelphi

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Fri Jul-30-10 01:29 PM
Response to Reply #5

8. European nations, especially those of Scandanavia, have managed to

Have laws that are intelligent with regards to Corporations, without allowing their entire political system to be dictated by the Corporations.

Moderation in all things, saith Confucious. Pretty damn well close to the mark.

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Newest Reality

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Thu Jul-29-10 03:45 PM
Response to Original message

6. I would sum it up

as, we need a redistribution of wealth from the hands of a strictly controlling, military directing and technology-bearing few to the greater number of those living on this planet.

I am using the term wealth in contrast to Faith Based Tickets, i.e., money.

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Greyhound

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Thu Jul-29-10 04:29 PM
Response to Original message

7. I'd quibble over several of those assertions, but they're certainly on the right track. K&R.

:kick: & R

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