Protect Retirees, Protect The Fiduciary Rule
By allowing financial advisors to put their own interests ahead of their clients, the few bad actors will be unfairly competing with the many ethical financial advisors who actually do a good job.
Tag Archives: Pearls of Wisdom
Patriotic Philanthropy?
Two hundred and thirty years later, the cancer of money in politics — as epitomized by the gross wealth and political power of players like Rubenstein — threatens to destroy that very same democracy.
PolitiFact Wisconsin Is Wrong: Carried Interest Is Corrupt
We would expect a more serious analysis from the largest newspaper in the Wisconsin, but they missed the fundamental issue.
Pearls of Wisdom: Should The Payday Lending Industry Be Regulated?
“Protect America’s Consumers” is actually a trade group trying to protect the payday lending industry from regulation.
Pearls of Wisdom: Is Deficit Spending A Good Thing?
Some of our leaders suggest that American families must live within their income and balance their budgets – and that should apply to the government too. That is simply not the case. The government of the most powerful country on the face of the earth is fundamentally different than a typical family.
Pearls of Wisdom: Refragmentation? No, it’s a Winner-Take-All Economy
I don’t see refragmentation; I see the winner-take-all economy. A few decades ago, there was plenty of room for the tenth best car service or the twentieth best restaurant, or the seventh best book store. Not any more.
Pearls of Wisdom: What Do You Do When You Have A Debt You Don’t Want To Pay?
Just donate a few tens of thousands of dollars to a Senator and then when he reaches out to extend his thanks, explain to him the grave injustice to which the bank is subjecting you to, and explain how it could all be made right by just adding one harmless little non-controversial paragraph to the Trust Indenture Act.
Pearls of Wisdom: A Response to Billionaire Bonanza
In a report entitled Billionaire Bonanza released December 2, my fellow Patriotic Millionaire Chuck Collins and Josh Hoxie of the Institute for Policy Studies detailed the extreme and growing level of wealth inequality in America. The results truly scared me and you should be scared too, whether you are part of the 99% or part of the 1%.
Pearls of Wisdom: Trump Tax Plan Proves Billionaire Populist Really Just a Billionaire
Please read a new op-ed by Patriotic Millionaire Chairperson Morris Pearl, former Managing Director of BlackRock Inc., titled “Tax Plan Proves Billionaire Populist Really Just a Billionaire” in The Hill.
Pearls of Wisdom: Infrastructure and the Limits of Free-Market Capitalism
Infrastructure is not just road and bridges. Infrastructure is all of the things that government does that individual capitalists could not possibly do for themselves.