Preamble
"You the Large Corporations, Hedge Funds, Large Banks, Multinational Corps, Executives of the aforementioned 'bodies' and Organizations, Oligarchs, Plutocrats, Generally Big Business . . . who have enjoyed favorable, upward movements of profits and personal wealth as a result of doing business in the USA, have been found GUILTY of not giving your employees a 'fair shake', garnering outsize exemptions and benefits without adequate reciprocal payback to this country in which you reside . . . resulting in the eminent collapse of This Country's economy, along with the demise of the viable financial future of the General Public.
It has been resolved that the apathetic, Culture of Wealth Pursuit that has infected Your Collective Psyche seemingly incurably, be dealt with by Mandated Repatriation of and Affect on the Physical Assets, Profits and Earnings gained during the Ten Year 'Party' under the 'watch' of the Previous Administration and the 109th Congress and the preceding Sessions.
This is an attempt at rolling back the disastrous, destructive practices and mindsets that drove their execution over the last few decades.
*** Large Corporations, Hedge Funds, Large Banks, Multinational Corps, Executives of the aforementioned 'bodies' and Organizations, Oligarchs, Plutocrats, Generally Big Business etc shall all be collectively referred to as 'You' in the Following prose***
Body
Section 1
You are NO LONGER 'Entitled' to the SAME LEVEL of dividends and profits once gotten BEFORE sensible regulation takes hold!
A difference IS expected to be seen, because if not, it begs the question: WHY did You conduct business in such an egregious way so as to warrant the regulation in the first place?
In such an event: the Nuclear Option WILL be enacted, where the 'entity' in question shall be subject to a subpoena of ALL financial records for thorough examination, as well as a massive ethics probe, along with a mandatory 'ratings downgrade' with ALL 'Better Business Bureau'-Type agencies, regardless of the result of said probe and investigation.
Why?
Do not wast Our Time needlessly!
Section 2
And your 'Speculator Friends' are NO LONGER 'ENTITLED' to induce drop in stock prices and a sell off BECAUSE of it (Sensible Regulation)!
- Subsection 2.1 - Penalty - Variable Jail time and an unspecified amount of fines!
Section 3
And you are NOT 'entitled' to cut corners in ANY WAY to keep these dividends as High as they once were BEFORE Re-Regulation! And if your stock is service or item based, you ARE NOT to RAISE prices to pass it on the consumer to recoup said difference!
Section 4
You are however . . . 'ENTITLED', all you shareholders, to EAT the difference . . . because it won't make a damned difference in your life that you now pay a 0.00000001% more in fees and taxes . . . but it makes a 20 - 40% difference in the lives of the public who you exploit as serfs and slaves presently!
Section 5
You are NO LONGER 'ENTITLED' to Golden Parachutes if you get fired and the company goes belly up. ANY and ALL losses as a result MUST be 'eaten' by the shareholders and mitigated by a docking of pay for the top executive. They are NEVER to be passed on to clients or the public.
Section 6
A BONUS shall hereby resort to its TRUE meaning and must be given for truly honest and positive job performance. It shall no longer be 'ENTITLED' to, no matter how well a company does or doesn't do. If performance of a company is such that said company must be 'bailed out' ANY and ALL bonuses MUST be forfeited . . . regardless of any language to the contrary in any executive’s contract.
- Subsection 6.1 - Penalty - Any executive who insists on such 'rewards' in adverse circumstance shall be taken outside and summarily SHOT! Law enforcement shall 'look the other way' with respect to the enforcement of an otherwise felony.
Section 7
IF you happened to have received Bailout Money in 2008 . . . you DO NOT DARE, under ANY circumstances try to impose FEES or increase FEES on customers to recoup any loss of income due to 'Sensible Regulation' taking hold! Should any Institution have the Temerity to do such it will be seen as an affront to your 'rescuers' and extremely tone deaf of a move, considering that the potential LOSS to interested parties would have been much greater IF we did NOT BAIL your greedy asses OUT! Any Loss incurred should be considered a gratitude debt 'willingly' 'eaten' as a sign of gratitude for the 'privilege' of staying in business . . . even though you have demonstrated abject deficiency in running said business!
Any INSISTENCE on levying such fees will be met with a similar fate as Rule #6:
- Subsection 7.1 - "Penalty - Any Executives who insist on such ‘measures’ shall be taken outside and summarily SHOT! Law enforcement shall 'look the other way' with respect to enforcement of an otherwise felony."
Section 8
All Costs and implementation costs of this Bill SHALL BE PAID BY the SUBJECT this future law will be applied to. The 'Fat' of a Decade of 'partying' should more than suffice! In Addition, SUBJECT is hereby BARRED from any legal challenges to this Bill in perpetuity and for the Life of said Body or Organization.
Enactment Clause
Because this will be termed by opponents as a type of 'cram down', this Bill will 'embrace' such nomenclature in reference. This Bill once passed and signed shall take effect a the BEGINNING of the NEXT QUARTER."
You think it will pass Congress?? You think it has a 'shot' . . .?
Conclusion
Now before you start 'making calls':
This is satirical of course . . . and a sort of 'venting' of my frustrations over real 'highway robbery' and the petulant temerity and self-righteous venom that the Upper 1% have insisted, and successfully prevented Economic Justice from being served for the the Lower 99%! .
. . . But seriously, this is the problem . . . that is at the heart of this! These bastards think they are 'entitled' to the margin of profits they've been getting this past decade . . . and have forgotten that: They never were supposed to have it in the first place! It's why Chase, BOFA, American Express, CITI and other banks keep taking it out on the customer with every new piece of legislation or regulation. For Example:
Fees for using YOUR OWN DEBIT CARD and an INSISTENCE on High Monthly balances in accounts in excess of what ANY normal middle class family can leave 'unmolested' ($6000 for CITI!) (Wells Fargo, CITI, BOFA people!).
I think that the Shareholders DEMAND the SAME LEVEL of payout, NEVER LESS! They think they're 'Entitled' to do business this way! And if it ever comes out that they HAVE to accept less . . . their Speculator Buddies will exact 'punishment' by inducing a mini run on the market to spread the 'Pain' of their 'Entitlement Ego' being smacked around a little bit . . .!
They react as 'violently' as if someone has raped their five year old little daughters!
Isn’t what they are doing to US . . . tantamount to RAPE . . . as Well!??
AND ALL THIS . . . Despite the FACT that they have received Trillions of our Tax Dollars to remain solvent thru the Fed AND various Bail Outs! The GALL of these folks is enough to induce an aneurysm from sheer incredulity, shock and anger!
How do you STOP things like this from happening?
I'll say one thing: It's going to take one, long vigilant slog of political agitation, voting and motivated grassroots action and real-world consequences for Politicians 'straying' from the true altruistic nature that Public Service is supposed to be about. In short, the deregulation and fundamental changes wrought on the system, that resulted in all these 'new financial' AAA+ rated products flooding the world economy, subsequently underwriting the wealth of entire nations . . . Should NEVER have happened.
These insane profits should have been treated like 'icing' on a 'cake' of more traditional and sound pillars of real assets . . . Instead of like 'cake' as it has!
This 'entitlement' has now been assumed and fossilized as 'standard business practices and profit making'. Just like outsourcing has become a standard business practice . . . as well as the huge tax credit that comes with it! These 'entitlements' for the 1% need to be destroyed, in terms of 'how it is considered on their balance sheets', as well as de-normalizing, and dissecting their perception in the financial beltway national jargon. Banks need to be made to break up and the separation between certain types of financial endeavors need to be reinstated a la
Glass-Steagall. Then they need to return to solid assets with easily-traceable chains of Debt Initiation of said asset . . . Instead of the mincemeat of The Real, connected through a confusing, massing tangle of ownership thread that exists now. Or better yet known as the 'financial derivative.' . . . which only a few people on the PLANET can actually decipher the complex mathematical equation that makes them up!
These are just a few ways to correct things . . . but, as recent history shows, doing the above . . .
. . . will probably take a Supernatural Being appearing during an active session of Congress, much like
Hades appeared in Argos during the 'Clash of The Titans', eviscerating the worst of the Republicans to Ash . . . and demanding the rest of the Senate do just that . . . Or else!
Not advocating for anyone's physical demise . . . But the situation is untenable, and the craven, deliberate sabotage and exacerbation of the 99%'s hardship and suffering for political gain, by conservatives is absolutely surreal! The Air of 'entitlement' and the insistence on the maintenance of the modus operandi status quod . . . MUST be destroyed if we are to progress as a country. The real numbers and the desperate WRONG of the situation is most adequately and eloquently
emoted by Dylan Ratigan . . .
And we need to start with the Political Extinction of the Upper Class' Warriors and Retainers: The GOP.
And they need to be gone in perpetuity for any change made to survive . . .
Listen Up: The GOP DO NOT and will NEVER represent the interests of any person that draws a paycheck, a union member . . . in short, if you aren't a millionaire, you are obliviously and delusion-ally self mutilating yourself, your future and that of your family, friends and other loved ones . . . by supporting ANY Republican on ANY level of government for office!
May the Public 'get that' in time for Fall 2012 . . .!
