FINE PRINT: What follows is a work of fiction. Any references to persons, legal entities or governments (living or dead or undead) is purely coincidental. The following is for entertainment purposes only.
How is your Latin? Similar words were uttered by Caesar when speaking of the soon to be conquered area known as Gaul (France/Belgium/Some Switzerland).
Similiarly we await our modern day Caesar to proclaim the future of the vanquished, bankrupt piece of geography known as California. The 8th largest economy of the world is insolvent and they are too big to fail.
If we accept that patterns of the past will guide our future then permit me to run a scenario. Chrysler was too big to fail and the recovery plan in place for this major car company may be just the answer to the California problem. Let's get started:
The current plan is that 55% of Chrysler goes to its labor unions. 35% goes to the Fiat car company- an Italian company. Neither of these groups actually owns any significant portion of Chrysler today so they are getting 90% of the company at no cost. The remaining 10% goes to the original owners of Chrysler who, by the way, used to own 100% of the company [but not anymore].
Now for the entertainment portion of this posting:
THE CHRYSLER FORMULA FOR CALIFORNIA
(1) Let's give 55% of all assets in California to the state labors unions.
(2) For the 35% piece, we need to find a non-US constituent that willing to accept 35% of the assets (at no cost to themselves). I suggest Mexico. California used to belong to Mexico and it seems only proper to return at least a portion back to Mexico at this time. Fairness at work, don't you think? Plus I would suggest that the US Government also issue an apology too, just for good measure.
(3) The remaining 10% would remain with the citizens of California. Which means each home owner would own only 10% of their house. Same with their car, their 401K, their bank account, their motoways, their stadiums, etc. etc. etc. If you own a business in California, you would now only own 10% of it.
Oh, by the way, if you own any California issued bonds, they are worthless. Yes, I know that US law requires secured bond holders to be paid first, but that law was overridden, without recourse, by the US Government. No legislative oversight. No judicial review.
If it will work for Chrysler it will work for California.
Similiarly we await our modern day Caesar to proclaim the future of the vanquished, bankrupt piece of geography known as California. The 8th largest economy of the world is insolvent and they are too big to fail.
If we accept that patterns of the past will guide our future then permit me to run a scenario. Chrysler was too big to fail and the recovery plan in place for this major car company may be just the answer to the California problem. Let's get started:
The current plan is that 55% of Chrysler goes to its labor unions. 35% goes to the Fiat car company- an Italian company. Neither of these groups actually owns any significant portion of Chrysler today so they are getting 90% of the company at no cost. The remaining 10% goes to the original owners of Chrysler who, by the way, used to own 100% of the company [but not anymore].
Now for the entertainment portion of this posting:
THE CHRYSLER FORMULA FOR CALIFORNIA
(1) Let's give 55% of all assets in California to the state labors unions.
(2) For the 35% piece, we need to find a non-US constituent that willing to accept 35% of the assets (at no cost to themselves). I suggest Mexico. California used to belong to Mexico and it seems only proper to return at least a portion back to Mexico at this time. Fairness at work, don't you think? Plus I would suggest that the US Government also issue an apology too, just for good measure.
(3) The remaining 10% would remain with the citizens of California. Which means each home owner would own only 10% of their house. Same with their car, their 401K, their bank account, their motoways, their stadiums, etc. etc. etc. If you own a business in California, you would now only own 10% of it.
Oh, by the way, if you own any California issued bonds, they are worthless. Yes, I know that US law requires secured bond holders to be paid first, but that law was overridden, without recourse, by the US Government. No legislative oversight. No judicial review.
If it will work for Chrysler it will work for California.
Many people misconstrue redistribution of wealth as dealing with incomes or perhaps income taxes. That is not the plan. Redistribution of wealth means just that -- your assets.
ReplyDeleteThe plan is to keep the citizenry and the media focused on 1st amendment (free speech) and 2nd amendemnt rights (right to bear arms) while the government systematically repeals the 4th ammendment which protects the people from unreasonable search and seizure.
Clever post. How do you come up with these things?
ReplyDeleteNot quite sure all your facts are right but entertaining all the same. Good "tongue-in-cheek" irony here.
MT