Skip to main content

View Diary: Can a Small California City Take on Wall Street - And Survive? (298 comments)

Comment Preferences

  •  Individuals can't requisition funds. (1+ / 0-)
    Recommended by:
    white blitz

    Public corporations are different. While the Congress is unique in that it issues the currency it then collects as revenue, local governments do have to collect taxes and have the power to take property, if the taxes aren't paid. Recurring expenses should be paid with recurring revenue. Major capital improvements can be financed. But, if our financial system made sense then public corporations would get dollars from the Fed at the same rate as banks .025% currently.
    The investor class is parasitic. We should not let them get away with it.
    The easiest way to accumulate money is to steal it. Stealing it legally is even better.
    There's a reason the banksters haven't gone to jail and are continuing to accumulate bucks. They got their friends in the legislatures to pass laws to make thievery legal.

Subscribe or Donate to support Daily Kos.

  • Recommended (128)
  • Community (60)
  • Media (32)
  • Elections (32)
  • Trans-Pacific Partnership (30)
  • 2016 (29)
  • Law (28)
  • Environment (28)
  • Civil Rights (26)
  • Culture (24)
  • Barack Obama (24)
  • Hillary Clinton (23)
  • Republicans (22)
  • Science (21)
  • Climate Change (21)
  • Labor (19)
  • Economy (19)
  • Josh Duggar (18)
  • Jeb Bush (18)
  • Bernie Sanders (17)
  • Click here for the mobile view of the site