PHOTO: Associated Press
Tom Sheppard
2/16/2019
Bernie Sanders, the perpetual Socialist and Chuck Schumer, the opportunistic Socialist recently published an editorial in The New York Times advocating a new regulatory scheme to oversee company stock buy backs. They pretend that they see buy backs as some nefarious scheme by corporate boards to rip off the working man and woman. The reality is that the effects of excessive regulation of publicly owned corporations has a very anti-socialist impact. The Wall Street Journal report that "the number of publicly listed companies has dropped by half in 20 years."
Driving companies away from being publicly traded and into private ownership is the most anti-Socialist acts Sanders and Schumer can commit.
No less a capitalist than management guru Peter Drucker pointed out in his book Post Capitalist Society pointed out that the massive levels of retirement fund investments in publicly traded corporations means that the US is where the workers really do own the means of production, which is what Karl Marx defined as the primary purpose of Communism, and by association its less international little brother Socialism.
So, while Democrats, Socialists and RINOs all push harder for government regulation of publicly traded companies what they are really doing is pushing companies to go private, which will take their dividends and rising stock values out of the hands of the pensions of ordinary working folks and place them firmly into the hands of multi-millionaires (like Bernie Sanders and Chuck Schumer).
Tom Sheppard is a business consultant and coach to small business owners and individuals. He is a recognized author with dozens of titles in business and fiction to his credit. One of his endeavors is to help those who want to see their own book in print. He does this through his trademarked Book Whispering Process (TM).
The author is not an official spokesperson for any organization or person mentioned herein.
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