Crony, Obama era, Fed driven economy a boon to billionaires

Now just do everything that is written down here and you are in the club. You want to be in the club don't you Barack?
“Now just do everything that is written down here and you are in the club. You want to be in the club don’t you Barack?”

In a previous post we noted that if the Koch Brothers really wanted to get even richer they’d be calling for larger government not a smaller one. Big government, absolutely, indisputably works for the already rich and connected. A small government which allows room for entrepreneurs and innovation on the other hand works for the middle class and those who are willing to work hard.

Basically a crony economy is a plantation economy. The big shots control the levers of government, which control the everyday lives of the “serfs.”

A free enterprise economy on the other hand empowers the serfs who are willing to strike out on their own and create new value in the economy.

The aristocracy has always hated an empowered merchant class. It’s no different today.

(From CNBC)

The three richest men in the world—Bill Gates, Carlos Slim and Warren Buffett—now have a combined $244 billion, up $52 billion over the past year, or about $100,000 a minute, said the report, which is an annual list of the world’s richest individuals. Gates is the richest with $85 billion, up 25 percent over the past year. Slim is just behind with $83 billion, up 38 percent, and Buffett is third with $76 billion, up 19 percent.

Click here for the article.

*It should be noted that of the top 3 billionaires (listed above) none of them advocate for small government, indeed they prefer to partner with government.