From the Washington Times:
t’s no secret that members of Congress qualify as political insiders, but a new report strongly suggests that they also may be insiders when it comes to trading stocks.
An extensive study released Wednesday in the journal Business and Politics found that the investments of members of the House of Representatives outperformed those of the average investor by 55 basis points per month, or 6 percent annually, suggesting that lawmakers are taking advantage of inside information to fatten their stock portfolios…
I know you are just shocked, shocked to hear this news.
But does everyone, now, begin to understand? Can’t you see it? Can you see why there is such a powerful effort to preserve and expand Big Government? It is because those who are juiced in to it make bags of money off it. Sure, they’ll throw the regular folks a welfare bone, but that is just to keep them thinking that the purpose of Big Government is to help the people. Its not – the purpose, from start to finish and without exception, is to enrich those on the inside.
It is said that democracies perish when the people figure out they can vote the property of others in to their pockets. This is not exactly accurate – democracies perish when small minorities of people figure out how to bribe the majority in to ignoring the fact that the small minority is having a rake-off. Think of it – if we voted to have the Federal Reserve print up $3 trillion and divvy it up amongst the people, we would essentially be stealing from ourselves and each of us (ever man, woman and child) would have got $10,000. That would have been bad, but at least fair…but what happened was that the $3 trillion was that it was diced up among probably just a few million people…with the rest of us getting either nothing, or a few hundred a week in unemployment benefits. But all those who said “don’t do it” were accused of wanting to stop the unemployment benefits. It worked like a charm.
This bit of sharp practice in the stock market is just a tiny portion of the money being stolen by the Ruling Class. Honestly, it is probably the least destructive bit of theft they engage in. Vastly larger sums are taken by unionized government contractors; colleges and universities; Non-Government Organizations; people and corporations who donate heavily to politicians.
The cure for this is not a thicket of new laws or a new government organization – all that would do is bring more people in to the scam to steal. What needs to be done is to reduce the size of government. The fewer things government does, the fewer people government needs, the less they can steal. This does not have to mean cutting the amount of direct benefits to the American people – it just means that government should not be disbursing the benefits; should not be over regulating the market place; should not be continually tinkering with the tax code. If, for instance, you want to provide health care for the poor then your best bet is to ask the charity hospitals out there to get together and map out the amount of resources they need to provide basic and major medical care to the poor…and then just give them the money. You can rely on it that more poor people will get better care at far less cost than it is today…because there won’t be a bureaucrat and/or a crony capitalist having a rake off between taxpayer and beneficiary.
The solution is simple, though very difficult – anyone who thinks it over knows that the solution is to get the government out of the way. The hard part comes in where those who live off of government don’t want to go away…and that they have managed to convince millions that if the government doesn’t take care of them, they will die. But the trick can be done – and, as a matter of fact, it must be done…we’re bankrupt; all our money has been stolen and there’s simply none left. They say the thought you are to be hanged in a fortnight concentrates the mind wonderfully…hopefully the fact that we’re teetering on the edge of financial ruin will concentrate our minds.
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