Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (62906)	3/18/2012 1:35:22 PM
From: ggersh	6 Recommendations Respond to of 119360

18 March 2012 A Nation of Princelings and Paupers Max Keiser has made a simple but absolutely brilliant observation about crony capitalism. There is a certain prevailing attitude being broadly promoted that if a person can pay for something, then they should have it, and if they cannot pay for it, then they can't have it. This is a fundamentally valid idea for ordering the economy. Like most principles it is based on a number of assumptions including opportunity, honesty, and fairness. But it has its limits. Evil is often nothing more than not only the absence but also the misapplication of virtue. One can easily see how this principle is now being applied to healthcare. By arguing with extreme examples of 'luxury treatment,' in fact basic healthcare can be cut back and even denied to those who cannot afford it, so that even questions of life and death can become a matter of the ability to pay. What if this principle of the primacy of wealth is applied to the law? To justice? To go about one's business without official harrassment? It has gotten so bad that we have recently seen an instance showing that if you can afford the best lawyers available, you can steal the money of your clients, and you can openly keep that money, and get away with it. The very principle that made America different, that made America a great beacon of light in history, is the the idea that 'all men are created equal, and that they are endowed by their Creator with inalienable rights.' And that does not mean that you have the right to equal protection under the law, to be considered fully a human being, but only if you can pay for it. This will spread to all aspects of civil interaction as we become a nation of princelings and paupers via financial segregation. Posted on March 17, 2012 by maxkeiser ¦ Pay the TSA $100 and Bypass Airport Security As the TSA spreads to trains and highways imagine a ‘bypass’ card applied in these instances as well. Pay a fee and drive in separate lanes, sit in separate train carriages, park in reserved parking, even walk on segregated sidewalks. Financial Jim Crow laws are no longer a theory, they’re here. Posted by Jesse at 10:56 AM Email This BlogThis! Share to Twitter Share to Facebook