Make THE USA... AAA-It Is Time To NATIONALIZE The Stock Market
The legal argument is simple....especially in light of S&Ps downgrade this weekend.
We are a private free market economy and offer our citizens the rights and responsibilities of private property. With the privilege of private property comes the risk of loss....it is why people become poor in America after they lose on an investment or business goes bankrupt...which has been happening to MILLION of Americans on Main Street in the last few years.
However, in 2008 WE THE PEOPLE bailed out Wall Street and those who invested with Wall Street...with about $23 trillion dollars of various programs, according to Barofsky.....and Warren Buffett admits that but for the bailout, every Wall Street company would have gone bankrupt, including Berkshire Hathaway.
Consequently...since the RISK was passed on to the TAXPAYER....WE THE PEOPLE should own the stock market and all those companies listed.
Once the Stock Market is Nationalized...America would become AAA again and ownership of the market would belong to those who took on the risk...The American People......WE THE PEOPLE....all of the American people and not DISPROPORTIONATELY benefit the top few percent.
In life, he to takes on the risk should get the reward....and in the Stock Market's case, it was the American people who took on the risk and now should own the market.