America does not need, and should not seek after, a grand new socialist plan for ‘wealth redistribution. What America needs is to grant U.S. citizens the same direct access to liquidity flows that have been so generously provided to major banks and other ‘connected’ large corporations…
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The Daily Shot, Nov 30, 2020: Many Americans are about to lose their emergency unemployment benefits, widening the “K-shaped” recovery gap.
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ZeroHedge, Nov 30, 2020: American billionaires haven’t been just immune to the pandemic, they have been thriving in it, drastically increasing their collective wealth. An analysis by Chuck Collins at the Institute for Policy Studies found that American billionaires have been their wealth grow by $1 trillion since March of this year – more than 34 percent. That was not the case during the 2008 financial crisis when it took Forbes’ 400 richest people three years to recoup their losses from the Great Recession. Collins’ findings highlight a wealth gain by a mere 650 individuals that, as Statista’s Niall McCarthy notes, seems obscene at a time when nearly 7 million Americans are at risk of eviction when moratoriums expire at the end of the year.
Note – The billionaires listed above, and many, many others in the ultra-wealth class have benefited from massive amounts of direct government subsidies, outright bailouts, and various forms of specially tailored tax breaks.
Warren Buffett, for example, has owned (or currently owns) significant stakes in Wells Fargo, Goldman Sachs, JPMorgan Chase, Bank of America, BNY Mellon, and U.S. Bancorp. The Federal Reserve (through special lending facilities and discount window lending) and the U.S. Treasury (through TARP and targeted stimulous programs) have transfused these large banking interests with hundreds of billions of dollars.
Elon Musk’s Tesla, has receive subsidies of approximately $2.44 billion via 109 ‘awards’ involving “82 federal grants and tax credits as well as 27 state and local awards.”
According to subsidy-tracking by Propublica, “JPMorgan Chase was among the eight large U.S. banks to receive the Treasury Department’s initial round of capital investments — money described by Treasury officials not as a bailout, but rather as funds to help bolster “healthy” banks in tough times.”
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It is now time to “help bolster” ‘healthy American families going through their own ‘tough times.’
U.S. citizens deserve nothing less than to be granted the same opportunity for direct liquidity extensions that were provided, in massive amounts, to Wall Street’s financial sector, on an ongoing basis over the past 12 years.
The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens. It is a comprehensive plan with long-term economic and social benefits for citizens and government.
The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.
The Leviticus 25 Plan – An Economic Acceleration Plan for America
$90,000 per U.S. citizen – Leviticus 25 Plan 2021 (3884 downloads)