Michael Moore: Jesus Wouldn't Approve of Hedge Funds

Filmmaker Michael Moore takes a call on "Larry King Live". The caller asks Moore how capitalism factors into corruption and greed.

The director of "Capitalism: A Love Story" responds that capitalism today is "anti-democracy". he adds: "We say we live in a Judeo-Christian nation, but I don't think, if Jesus were around today, I don't think he'd be approving of this or participating in a hedge fund, or playing the stock market."

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[thebadtouch04]

@ClearSkyline Walmart's revenue is closer to 430 billion dollars. And it's not just the CEO taking huge bonuses vs. measly pay for workers that's unfair. Most of the jobs at Walmart offer NO HEALTH CARE! Even as the richest corporation in the world. Think that's fair? Not to mention the fact that they put local merchants out of business, killing local economy. Imagine that on a worldwide scale. Walmart is known for exploiting workers, even violating child labor laws. The hell with Walmart

[TradingTutor]

lol "I don't think Jesus would approve of hedge funds if he was here"

[InfiniteMushroom]

@Salvysahagun Sounds like a good plan. You've brought some interesting and perfectly feasible alternatives to the table. Too bad nobody else seems to be looking in those directions.

Our oligarchs are masters of mass mind control and Fox News is one of many powerful propaganda organs. Opinion commissars, such as Sean Hannity, Neal Boortz, Bill O'Reilly, Ann Coulter, etc. ensure that the background noise of life is the kind that subconsciously keeps public officials in line.

[Salvysahagun]

@InfiniteMushroom

That can be revised. They are people they not human beings.

Just naitonalize the FED and turn it into a debt collections agency. ad a 1;1 reserve raito in banks. you can progressivley cut income taxes. issue greenback, wall street turnover tax, National Bank, State Banks, Excise, and pump up the tariffs you could have it done in within 3 years.

[InfiniteMushroom]

@Salvysahagun Corporations are legal persons. Will you let those "people" get off scot free? The ultra rich hide their ill-gotten gain behind all kinds of shelters.

Before we can get to what you are proposing - damage control, justice, and restoration will have to be done first. That involves deconstruction, restoration, and nullification of all predatory parties

To jump right into your paradigm, without restorative justice first, you will let the greatest robbery in history stand

[Salvysahagun]

@InfiniteMushroom

I stand by "no direct tax should be layed on the people"

Thats the way it should be. We don't need an income tax now or ever.

[InfiniteMushroom]

@Salvysahagun Again, I agree. But, your solutions are for down the road once a restoration - revolution cures the cancer that is destroying us. My solution of allodial title to primary residences and redistributive taxes is to protect the social fabric from the collapse and shock wave.

Our economy is WAY too efficient at collecting and inefficient at producing income. Collections should be no more reliable than income. The best way to cushion the collapse is to force that balance

[Salvysahagun]

@InfiniteMushroom

You level out income inequality by having Unions in the industrial sectors. Their are nations with lower taxes then us that have lower Gini's. Taxes has very little to do with inequality. Collective Bargaining is key. (reminder: you don't always need a union to collective bargain) Push for Union owned technical schools that teach manufacturing. And instate a 50% reserve ratio on banks with Nationalized Debt Free Paper money.

[InfiniteMushroom]

@Salvysahagun I agree about reindustrialization. Green energy is, at best, a helper source of energy. It can never be a primary source.

Regarding the dollar crisis, the best way to secure the society against the collapse is for gov't to award allodial title to primary residences, which will protect people from economic cannibalism. Society must not be destroyed to satisfy paper! Taxes on high value property and bonds in the new currency can be issued to level out wealth inequity

[Salvysahagun]

@InfiniteMushroom

The Second Bill of Rights was to be a doctrine. Not a law.

My plan would better bc we have a dollar crisis coming and I can only imagine what it will do to the world. Reindustrialization should be the priority not this Green energy crap.

[InfiniteMushroom]

@Salvysahagun AH! I get where you're coming from. I'd ALSO like to see no income tax, high tariffs, and government-issued currency, as well! Most people don't have such horizons to even consider those ideas.

The 1950's solution is restoration to a better version of the paradigm that's been around for most of the 20th century. Restoring the full measure of FDR's New Deal and codifying his 2nd Bill of Rights is as close to the American System of economy as we can hope for.