Posted on 08/01/2015 11:19:38 PM PDT by Cincinatus' Wife
Conservative billionaire Charles Koch told his ultra-rich friends that they face a “life and death” decision whether to keep lobbying for tax breaks and government subsidies.
“Business leaders (must) recognize that their behavior is suicide, that it is suicide long term. To survive, long-term, they have to start opposing, rather than promoting, corporate welfare,” Koch told about 450 allies at an Orange County, Calif., summit that began Saturday.
....“Obviously, this prescription will not be an easy pill for many business people to swallow. Because short term, taking the principled path is going to cost some companies some profits, as it will for Koch Industries,” the 79-year-old Koch said. “But long term, it will allow business people to continue to own and run their businesses, which none of us will be able to do, in my view, in the future otherwise.”
He pointed to big banks that took “virtually free money from the Fed” and bailouts in exchange for regulations. “Now, the chickens are coming home to roost,” Koch said. “The Fed is taking control of these banks. The Fed now decides what businesses they can be in and how they run those businesses.” Koch said “regulators, auditors, controllers” are implanted at the banks to keep tabs. The banks, Koch argued, end up making political donations to avoid too much oversight.
Koch warned that other businesses would be next if their leaders continue taking government subsidies. “This means stopping the subsidies, mandates and special privileges for business that enriches the haves at the expense of the have-nots,” Koch said.
(Excerpt) Read more at time.com ...
Charles Koch is very very slow in learning...
Wealthy but quite retarded..
Who’s your presidential choice for 2016?
End corporate welfare, bailouts and corporate taxation.
Super-Cruz... however am pretty cynical and trust nobody..
Trump should be used like the rented Donkey, he is..
Cruz seems genuine.. but I could be wrong..
Not that I have much choice..
Even tho Cruz most likely will not be chosen.... I do not care..
Never “trust” somebody with a combover.. their trying to pull a fast one..
They actually think you’re stupid enough to not know their bald..
I despise being deceived..
However; makeup on a woman is nice...
Like a picture frame on a work of art..
Combovers are bald deception.. toupees same..
Trump needs to go all Telly Savalas..
lol..
No thanks!
uh oh this is gonna get mcconnell/boehner/uschamberof commerce angry! They like corporate welfare cause it makes them rich and powerful
http://www.sacbee.com/news/nation-world/national/article29784070.html
“.... “Now the chickens are coming home to roost,” he added. “The Fed has taken control of these banks. The Fed now decides what businesses they can be in and how they can run those business, and they’ve implanted, whatever you want to call them – regulators, auditors, controllers – to make sure the banks follow these rules. And when they deviate at all, guess what? They get multibillion-dollar fines. In return, the banks then make big political contributions to the very groups that have set up these controls in the first place, so this destructive cycle goes on and on.”
Koch called for “eliminating welfare for the wealthy,” saying there should be no more “subsidies, mandates and special preferences for business.” He noted that “these prescriptions will not be an easy pill for many business people to swallow.” Some companies, including his Wichita, Kan.-based Koch Industries, will lose profit in the short term.
But he said that eschewing corporate welfare was essential to allowing people to have the freedom to own and run their own businesses.
Koch’s remarks underscore the theme of the policy-heavy weekend, dubbed “Unleashing Our Free Society.”.............
http://www.1050talk.com/news/charles-koch-calls-for-unity-against-corporate-welfare/
.................“We’re headed toward a two-tiered society — a society that’s destroying opportunities for the disadvantaged and creating welfare for the rich,” Koch said. “Misguided policies are creating a permanent underclass, crippling our economy and corrupting the business community,” he said, “present company excepted of course.”
Koch said clearing those obstacles would require getting business leaders to recognize that accepting “corporate welfare” — which he defined as subsidies and special preferences for business — is “suicide long term.”
“Short term, taking the principled path (is) going to cause some companies some problems, as it will Koch industries,” said Koch, who runs his business empire with his brother, David Koch. “But long term it will allow business people to continue to own and run their businesses.”
He singled out “big banks” as bad actors who have accepted handouts, including “massive bailouts” and taking “virtually free money from the Fed.” To maintain the status quo, the banks “Make big political contributions,” he said.
“This destructive cycle goes on and on,” he said............................
America has been brain washed for many decades TO Become socialists....
AND THEY ARE............. generally..
to this DAY... democracy has not been DE-CLOTHED...
Stripped naked... exposed... outted.. unmasked..
A Democracy was, is and always will be Mob Rule by mobsters..
America generally thinks a democracy is a good thing..
A Democracy is the political disease that causes socialism..
AND a very NASTY THING.. filthy..
Most in America are totally delusional.. worshipping democracy..
Therefore; DEMOCRATS.. no matter their party..
Democracy is indispensable to socialism.
The goal of socialism is communism. -V.I. Lenin
The meaning of peace is the absence of opposition to socialism .-Karl Marx
Large difference between “ A DEMOCRACY “ and democracy..
Americans have too stupid to know the difference..
as most on this planet are...
The American Constitution does not mention the word democracy.. ON Purpose..
The American Republic is democratic BUT NOT “A” democracy..
They are correct.
No they are not right. Making this voluntary on the part of corporations will never work. Corporations who don’t lobby for money, competitive advantages and other perks will have their shorts eaten by corporations that do.
The problem is more fundamental. We have to remove government’s power to grant money, competitive advantages and perks. As long as that power exists, it will be abused.
LOL! This is like a hooker condemning the fact that adultery happens in a whorehouse.
Voting isn’t just an exercise in futility, it also makes you complicit!
Who is your candidate?
Obviously but business needs to be willing to resist as well.
Even though Koch is liberal on social issues (he thinks homosexual “marriage” is good), he is absolutely RIGHT on this issue.
Welfare—to the rich or to the poor—needs to end. At least on a federal level.
End the H-1B visa program. The ultimate in corp welfare.
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