Putting aside the libertarian principle that my money is my property and, therefore—just like the property of my body—it is up tome to decide what I want to do with it as far as my personal subjective risk is concerned, an important issue here is that this new rule forcibly prevents people from investing in an area that not only can bring them much higher returns than publicly-traded stocks, but it cuts down the supply of investment funds for smaller, innovative new firms which generally find it much more difficult to raise funds compared to an established big corporation—because the start-up firms’ products have not yet proven themselves in the marketplace. The bill insert also requires that a start-up firm wait up to four months to get permission from the Bankster-controlled SEC to accept the investment funds. And, get this:
“…this proposed bill also seeks to change the rules for a federal pre-emption sic] for state regulation. Under the proposed bill, start-ups would be subject to state regulations from the 50 different states. Right now, start-ups & investors are not subject to 50 different state regulators. This would likely lead to more cost & risk for the start-up.” [emphasis mine]
Yes, this is just what our depressed economy needs now—even less businesses to employ people and provide new products to improve our lives.
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