Posted on 07/20/2024 12:55:36 AM PDT by RandFan
It’s not often a Republican member of the Senate Banking Committee attacks the home of the financial services industry. Sen. JD Vance did so Wednesday night at the Republican National Convention as he accepted his party’s nomination for vice president.
“President Trump’s vision is so simple and yet so powerful,” Vance, R-Ohio, said to the GOP delegates and faithful at the Fiserv Forum in Milwaukee. “We’re done, ladies and gentlemen, catering to Wall Street. We’ll commit to the working man.”
Vance also placed part of the blame for the rising cost of housing on large financial institutions.
“Wall Street barons crashed the economy and American builders went out of business,” Vance said.
It’s not just Vance’s rhetoric that comes in a different key from the traditional, mostly supportive Republican posture toward financial firms, as he has teamed with Democrats on some bills in the year-and-a-half he has been in the Senate. He backed a bill by Sen. Elizabeth Warren, D-Mass., that would require federal regulators to claw back up to three years of compensation earned by executives, board members, controlling shareholders and other officials at failed banks.
Vance also is a co-sponsor of legislation by Sen. Richard J. Durbin, D-Ill., that would prevent large credit card issuers from restricting access to electronic payment networks by smaller issuers.
Vance has expressed skepticism about big mergers and acquisitions through legislation he has co-sponsored, including a bill by Sen. Sheldon Whitehouse, D-R.I., that would eliminate tax deferrals for shareholders who receive stock in mergers of corporations with gross annual receipts of more than $500 million.
“JD Vance is not your father’s or grandfather’s Republican,” said Milan Dalal, managing partner at Tiger Hill Partners
(Excerpt) Read more at rollcall.com ...
“The Chamber wants unlimited cheap imported labor, while the Democrats want unlimited imported voters.”
It’s very important to put hard dollar caps on the taxation of middle-class homes, such as:
Levies on any residential property of less than 2799 square feet of finished space shall be no higher the 2019 dollar amounts on the property, or for a newer or since resold property what a similar property in the same area would have been levied at for 2019 if it lacked owner specific tax breaks, increased by 3% per calendar year since 2019 and by any percentage increase to its finished living space.
Invaders, businesses and their customers should pay the added costs of the invasion.
BTW—Holy crap! Took a look at your home page here and it looks like you’d regulate the bejeesus out of everyone and every thing, including forcing the likes of allowing only small houses to be built, so housing would be more affordable?
And, what are you, in the pharma industry, with these dictates?
“NEW DRUG PLANS
Federal PPACA exchanges would offer Interstate Class Drug Plans,
exempt from state control, that to be fully federally subsidy eligible must cover at least:
1. 80% of all recombinant drugs by key active entity
(or 100% less the percentages held by the top three domestic rights holders by percentage),
2. 80% of all FDA breakthrough drugs by key active entity
(or 100% less the percentages held by the top three domestic rights holders by percentage),
3. 80% of all drugs covered by a key active entity patent
(or 100% less the percentages held by the top three domestic rights holders by percentage),”
I live in Sarasota County too.
Many areas look like New Jersey but with stucco and palm trees.
The zoning in the county was set without taking into account its relative affluence.
Also, 12 units per acre meant garden apartments in the 1960s. Nowadays, developers put up and sell what they call villas.
The Chamber of Commerce is not your friend.
Wall Street has been orchestrating a leveraged buyout of America for years now. Beyond time to rein them in a bit.
Still small business is one of the biggest user of cheap imported labor.
I believe in soft, fairly simple, but effective regulation.
Soft means regulatory safety valves such as 80%, unincorporated and unemployed.
I want a society that works. A Laffer theory might also apply to unskilled labor minimum wages.
Conservatives in Britain had 14 years to deliver affordable housing. Now the Labour Party monster has its tentacles on Britain. The Democratic Party is moving leftward. Hillary is eyeing the White House again.
Lots of regulations exist. My county has about a thousand pages of general law ordinances. In Florida, building regulation books would reach up to my waist.
What does this mean?
“80%, unincorporated and unemployed.”
On land zoned for 12 units/acre, say land originally zoned for garden apartments, the average housing unit size would limited to no more than 1250 (1100+1800/12) square feet.
On land zoned for 36 units/acre, say land zoned for an urban apartment building, the average housing unit size would limited to no more than 1150 (1100+1800/36) square feet.
On land zoned for 4 units/acre, say land zoned for tract single-family detached houses, the average housing unit size would limited to no more than 1550 (1100+1800/4) square feet.
On land zoned for 1 unit/2 acres, say land zoned for estate houses, the average housing unit size would limited to no more than 4700 (1100+1800*2) square feet.
I know many people will object to this, but Americans need millions of starter homes. When the need for starter homes is met, the law can be repealed and people can have additions built.
Note: Each of those square footages is larger than the finished square feet (1078) of my house.
Note: If you work with a real estate agent, your signature could be on a sales contract for a much bigger house within a few days, if you can afford to buy that much bigger house.
My mother worked for a woman who came to Florida in the 1930s when land on Casey Key sold for $10/acre.
When my mother came to Florida in 1978, lots on Casey Key cost around $125,000.
JD’s economics not an issue he has a boss to answer to or else.
I don’t know … this little pischer doesn’t realize what he is saying is not kosher!!!
That’s no way to get starter homes.
I agree on the need, but the solution is more freedom, not less. Just let local areas peel away their zoning restrictions until more inexpensive homes are viable.
Don’t kid yourself. He is a creation of the despicable Deep State player Peter Thiel. Funded by Eric Schmidt and Marc Andressen. His companies include some nasty pharma and tech stocks.
BIDEN CAMPAIGNS constantly on the theme:
“EVERY SINGLE JOB IN THE USA SHOULD BE A UNION JOB—EVEN SELF EMPLOYED PERSONS”.
In my working life-—1957 to 2022—I HAD TO join 5 different unions AND I have been self employed since 1980.
I REJECT BIDEN’S ENTIRE TRAIN OF THOUGHT.
HAD some very interesting events with UNIONS-—who lied & who also Added extra fees to union dues to help PAY FOR Hoffa’s lawyers when he was on trial for stealing our retirement funds.
The UNIONS support the Dems who support the UNIONS.
EVERYONE PAYS MORE FOR EVERYTHING.
IIRC-—RECENTLY-—BIDEN SAID THAT TEACHERS SHOULDN’T HAVE TO PAY THE SAME INCOME TAXES THE REST OF US PAY....BECAUSE THEY ARE TEACHERS.
IF I were a PLUMBER-—I would tell BIDEN TO CALL A TEACHER when his system is backed up.
It’s the natural extension of “America First”.
And long overdue.
Small business owners do not buy Congressmen.
“Local Chambers of Commerce are not the same as the US Chamber of Commerce.”
OF COURSE they are.
They fund and vote for the national leadership. It’s their collective votes and monies the created the monster.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.