Fixing Wall Street’s Wagon

this little bastard needs to get out of the stock market and get a little piggy bank for his chump change.

It is vital to America that the stocks traded on our major exchanges be somewhat safe, with stability in price and yield. Fluctuations on the street over the years have destroyed pensions, large corporations, banks, individuals, and institutions. The stock market has devolved in recent years from a capitol investment industry into a large ring of gamblers. People buy and sell stock – sometimes in the same day. The era of holding stocks for the long haul has vanished. The whole business is full of speculators.

As a result, no large business in America can see any further than their next quarterly report. There is no longer any thought for what will happen five or ten years from now – they live and die by the numbers they must release every 90 days. So they lie. They rob Peter and Paul both. They act like diners at a 3-minute all-you-can-eat buffet. Grab it now, and fuck tomorrow.

As a result, the quoted prices of shares often have no basis in reality. This is a situation that must be fixed. We cannot have a stable nation without a sound dollar and strong markets. Computers are the culprit. These days, people can make trades in seconds. I consider it to be a new disease, E.D.D. (Equity Deficit Disorder) in which investors are constantly jerking their portfolios around like gotdam marionettes.

Here is how to fix the Wall Street system where it will work as it is supposed to in two simple steps:

First: Establish a 12 month minimum hold time on purchased securities. Anyone selling stocks before they have held them for 12 months must pay a 30% penalty. That will stop the speculators – and we all know that before you get in the kitchen to bake bread you have to kill off the roaches. This will make the roaches flee, which will cause a lot of inflated bullshit stocks to fall – and be painful to the less intelligent investors.

Second: Declare all capitol gains and income earned from purchase or sale of stock to be tax exempt AFTER the stock has been held by the purchaser for seven years. This will bring the “good” investors pouring into the market. Stocks that are undervalued will then rise to their proper place.

The results will be a lot of crying from the stock-churning brokers and day trade websites. That fucking baby with the Blackberry will have to rethink his portfolio and fire his gotdam clown. The Scott dude might have to ditch his helicopter and go back to doing fancy yard work. So far so good.

Another result will be that shares of stock will not leap and plunge, panics will never again happen, and the price of a share will have a close relation to the actual value of the underlying company. Pensions, trusts, and corporate investments will be more secure. There will no longer be a significant profit to be made in “pump and dump” schemes, insider deals, and other nefarious trading. The hold requirement will make companies think ahead. They might stop burning up their furniture to stay warm, and the economy might get the breathing room it needs to expand again.

This new stability will also bring the world’s riches to our new stabilized markets, because when it comes to investing large amounts of money, stability is the most valuable consideration.

There are two other paths: Continue as we have been, crash and burn, OR simply declare corporations illegal and dismember them, and eliminate the current financial system.

I would think stability would be in everyone’s best interests with the exception of the speculators who created this mess. Fuck ‘em, they’re toast.