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To expose a 4.2 trillion dollar ripoff of the american people by the stockholders of the 1000 largest corporations over the last one-hundred years will be a tall order of business.
-R. Buckminster Fuller
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To Expose A 4.2 Trillion Dollar Ripoff

R. Buckminster Fuller
To expose a 4.2 trillion dollar ripoff of the american people by the stockholders of the 1000 largest corporations over the last one-hundred years will be a tall order of business.
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Order Years America

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Henry ford has several times sneered at unproductive stockholders.... well, now. let's see. who made henry ford's own automobile company possible? the stockholders who originally advanced money to him. who makes it possible for you and me to be carried to and from business by train or street car? stockholders.... who made our vast telephone and telegraph service possible? stockholders.... were stockholders all over the country to withdraw their capital from the enterprises in which they are invested, there would be a panic ... on a scale never before known.
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When george bush came into office, we had surpluses. and now we have half-a-trillion-dollar deficit annually. when george bush came into office, our national debt was around $5 trillion. it's now over $10 trillion. we've almost doubled it.
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The problem is that the way [president] bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [that's] $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic.
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The great power in america is the corporations - we`re a corporate country. we`re run by a ceo and the stockholders have very little to say on how the corporation is run. fine, the board of directors run it and the stockholders can just be disgruntled, but who gives a damn?
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We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.
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It is my view that what is important is cutting government spending, however spending is financed. a so-called deficit is a disguised and hidden form of taxation. the real burden on the public is what government spends (and mandates others to spend). as i have said repeatedly, i would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.
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