No. People already own the banking system through ownership of shares. All this would do is divide up the ownership of shares in companies that the government bails out among taxpayers who are footing the bill. Now, if we're being strictly capitalist about it, we would say that the shares would be divided only among people who actually paid federal taxes, and in proportion to the amount of taxes they paid, but that would never get through Congress.
Regulation itself is not socialism, it is the path to socialism. Take the debate over offshore drilling. We need more oil in the short to medium term until the boffins in the lab can dream up competitive ways for us to power cars, trucks, trains, ships, planes, etc. Market economics would dictate that we drill offshore, but Congress refuses to rescind the ban on offshore drilling, drilling in ANWR, and oil shale exploration in the mountains. In other words, Congress is planning the direction of the economy by refusing to allow economic activity in areas that are guaranteed to provide economic benefits. Why? Chuck Schumer said it best the other day. He said that Democrats are the alternative energy party and they don't believe in oil. In other words, he is saying they believe in a socialist energy policy, bu which I mean dictating the course of the energy economy through legislation rather than letting the market dictate energy use. Gas is more expensive, now people are driving less and buying smaller, more efficient cars. People are coming out of the woodwork to find competitive alternatives to oil and other fossil fuels. The market is solving the problem. On Mon, Jul 28, 2008 at 4:19 PM, Gruss wrote: > If, as you say, we give americans shares then aren't you now the > "socialist"? Because now wouldn't americans own the banking system? > > Sounds like you've discovered the "well regulated" part of the market > economy as I have. > > Regulation does not equal socialism. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:264822 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
