Posted on 08/01/2015 11:19:38 PM PDT by Cincinatus' Wife
Conservative billionaire Charles Koch told his ultra-rich friends that they face a life and death decision whether to keep lobbying for tax breaks and government subsidies.
Business leaders (must) recognize that their behavior is suicide, that it is suicide long term. To survive, long-term, they have to start opposing, rather than promoting, corporate welfare, Koch told about 450 allies at an Orange County, Calif., summit that began Saturday.
....Obviously, this prescription will not be an easy pill for many business people to swallow. Because short term, taking the principled path is going to cost some companies some profits, as it will for Koch Industries, the 79-year-old Koch said. But long term, it will allow business people to continue to own and run their businesses, which none of us will be able to do, in my view, in the future otherwise.
He pointed to big banks that took virtually free money from the Fed and bailouts in exchange for regulations. Now, the chickens are coming home to roost, Koch said. The Fed is taking control of these banks. The Fed now decides what businesses they can be in and how they run those businesses. Koch said regulators, auditors, controllers are implanted at the banks to keep tabs. The banks, Koch argued, end up making political donations to avoid too much oversight.
Koch warned that other businesses would be next if their leaders continue taking government subsidies. This means stopping the subsidies, mandates and special privileges for business that enriches the haves at the expense of the have-nots, Koch said.
(Excerpt) Read more at time.com ...
Sorry Charlie, I’ve no plans to listen to any amnesty whore pots calling the kettle black!
Exactly. Crony fascism. The "you didn't build that" Marxists are pushing too far and some drunk with government businessmen are waking up to see that things don't look as good this morning and down the road.
This should get good by the end of the day, BUMP
It’s not slow. This is why the left hates the Koch brothers so much: almost alone among moneyed interests in America, they promote pro-market policies, rather than pro-business cronyism. Crony capitalism is fine with the left — indeed that’s what the left now wants since it became fascist.
“Who is your candidate?”
It’s obvious that yours is The Walker.
I have no candidate, none at all. I intend to stay home both this upcoming state election and the next Federal election and urge others to do the same.
It’s amazing the horrors and butchery we’re willing to tolerate just so long as we get that one in one hundred millionth of a say in who gets to implement it.
Be sure to preface every negative comment that you post on the candidates with that dourer declaration.
I generally do put both an anti-voting disclaimer as well a tagline on all my posts. But thanks for the reminder. I’ll try to do better in the future.
But dour? Au contraire! I’m very optmistic that voter participation rates will drop below 50% in 2016. The American people are really quite smart: give them a nonchoice, and they’ll figure out a way to stay home.
Have you considered voting Constitution Party?
Correct - but I wonder if Koch gets that.
* 15% Business Flat Tax.
* No deductions, Depletion allowance maybe for those industries.
* 100% write-off of business assets, get rid of MARC's
Fire all the attorneys and K-Street Vultures you hire, you won't need them, just focus on making freakin' money...
Donald are you reading my post?
Wow, he comes around, finally.
So, is he going to take on the Chamber of Commerce?
“Exactly. Crony fascism. The “you didn’t build that” Marxists are pushing too far and some drunk with government businessmen are waking up to see that things don’t look as good this morning and down the road.”
Well, for the cronies (Fannie Mae, GE, SEIU, Planned Parenthood, ACORN et al) things look pretty OK. That’s the advantage of “rent seeking” via connection to government power. You have the guns on your side.
If you want to know why the middle class is disintegrating, look no further. Success and advancement in America today are based on crony connections, not merit. Today, a dollar invested in lobbying returns a better ROI than a dollar invested in capital equipment, marketing, or labor.
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