Nationalization

But who will watch the watchers???

A major argument for the capitalist model involves lowering taxes. Lower taxes allow for a business or industry to thrive, and inevitably, financial success will add to our GDP, trickle down to us, and even help pump up our government. However, with one of the highest corporate tax rates in the world, our government is making it more and more difficult for our largest industries to operate.

One might ask, “If they are completely breaking these institutions with higher taxes, what will happen if they crumble? Our government is run on the tax revenues of these major corporations, so the government would certainly never bite the hand that feeds them, would they?....”

Yes.

There are elements in our society that are cheering on the current economic mess. Not only is it an indication that the Captitalist model has failed….(*cough cough* see Russia), but it is the perfect opportunity for the government to grab control of these failed financial institutions under the guise of protecting its citizens.

It’s unfortunate that there are weaklings in our country who would actually breathe a sigh of relief while watching private institutions fall under government control. It makes them feel warm, fuzzy, and protected.

Can you imagine?

The only entity which is more incompetent than some of the private institutions in question is the US Government. Yes, that’s what we need…..government running our banks with the inefficiency of the DPS. Who would they be held accountable to? Government officials? Voters?? At this point, “greedy” shareholders are the ONLY effective form accountability when it comes to business. Strange concept, but greed is actually the glue that holds our country together and can often prove to be virtuous. Sad but true.

Nationalization is dependent on the premise that we trust our government officials. Do you?

This past year, many of us came up to speed with another experiment in “nationalization”. The government had propped up Fannie May and Freddie Mac, which accounted for 50% of the brokerage industry. Since Fannie and Freddie’s business model was essentially dictated by government legislation, there was very little regard for accountability……who’s going to care....?...the voters?? Ha! We’re keeping them housed! Bribing its citizens…..

This formed the bedrock of our financial and economic meltdown. But, I’m sure this time around, if we DO nationalize the banks, our government officials will be able to control themselves and run an efficient and responsible venture. Right? An entity that has allowed itself to constantly expand while accumulating 12 TRILLION DOLLARS in debt is no more capable of running our banks than children are raising themselves.

Please be wary of government attempts to take over a facet of any industry. If you give them an inch, they’ll take a mile. The only thing our government and its welfare recipients have in common is they will NEVER be satisfied!!!

Once the government runs every aspect of industry, will they encourage healthy competition when educating ourselves for our chosen career path, or will they simply tell you where you will be employed……….?? My guess would be the latter.