President Calvin Coolidge - who was in office exactly one century ago - famously said: “The business of America - is business.”
If only that were still true.
Today, the business of America - is government.
Governments everywhere dominate every nook and cranny of our lives.
We have a TITANIC, OBSCENE federal government. It’s so huge? Nine of the twenty wealthiest counties in the entire country - are DC suburbs.
Get that? The federal government steals and spends so much money - it has spawned the largest and richest consolidation of grifters in human history. But that ain’t nearly all the government awfulness.
There are fifty state governments. 2,000+ county governments. 5,000+ city governments. And a suffocating patchwork poison quilt of myriad, innumerable other government entities - draped over all of US. All of which are taxing and regulating US into oblivion.
Anywhere you are in America? There are three, four, five - or more - government entities robbing and regulating you.
State and local taxes are so high in so many states? Those residents have successfully fought for years to deduct those taxes from their federal taxes.
SALT Deduction: How to Write Off State and Local Tax Which is, of course, absurd. We at the federal level absolutely should not be subsidizing the idiotic tax policies of states and localities.
Hey high-tax-state residents? How about working to lower your taxes - rather than working to write them off and raise ours? ALL of this - and MUCH more - demonstrates:
Before you can do business in America? You have to do “business” with the very many governments lording over US.
Decades of this multi-government uber-dominance? Is how we got into the current anti-America, uber-crony, uber-consolidated nightmare mess.
When this many governments get this huge? They become pay-to-play entities for businesses.
The bigger the businesses - the better equipped they are to pay-to-play.
Big Business LOVES Big Government.
They can most easily afford it. They can absorb the higher taxes and bigger regs. And they can better afford to bribe government.
Big Biz bribes Big Gov - to tailor the latter to suit the former.
That’s the cronyism.
Big Gov murders Big Biz’s small competitors - who can’t afford the crony, huge government aimed at them by Big Biz.
Big Biz then buys up their former competitors - at pennies on the dollar.
That’s the consolidation.
These Three Firms Own Corporate America
These Three Fund Families Control 74% of the Equity ETF Market
As if that wasn’t enough consolidation….
With $20 Trillion Between Them, BlackRock and Vanguard Could Own Almost Everything by 2028
Three - becomes two.
How did Democrats become the Party of Big Business? By long being the Party of Big Government.
Now that they’ve grown governments everywhere to these obscene levels? They are now happily in bed with Big Biz - in the pay-to-play business.
Billionaires and Business Leaders Are Backing Kamala Harris
Meet the Silicon Valley Billionaires, Corporate CEOs, and Founders Backing Kamala Harris
Wall Street’s Billionaires and Big-Hitters Are Backing Kamala Harris
Wall Street is an especially transparent example of this corrupt, crony obscenity. Beyond even the BlackRock-Vanguard-State Street dominance already mentioned.
The Wall Street “Elite” - wanting to continue their corrupt cronyism - hive-mind-endorsed Harris.
But Trump won. Then this happened….
Stocks Surge to Record Highs as Trump Returns to Presidency
Because actual businesses - will do better out-from-under the Biden-Harris Administration’s ongoing, rolling tax-and-reg avalanche.
But Big Business long ago stopped engaging in actual business. And became nigh solely dependent upon government crony “business.”
ALL of which tells us all of this….
We’ve long known this to be a lie:
“What’s good for Wall Street - is good for Main Street.”
We now also know:
“What’s good for Main Street - is bad for Wall Street.”
And:
“What’s good for stocks - is bad for Wall Street.”
Under Trump, small businesses are seeing in their future less taxes and fewer regs. Which is good for their actual business models. So their stocks have soared.
But less taxes and fewer regs - means less cronyism for government to throw around. Which is bad for the Wall Street “Elites’” - and their phony “business” model.
We can sum all of this up thusly:
“What’s bad for DC - is good for the US.”