Lebanese-born American investment banker, financier, activist and author
Lebanese-born American investment banker, financier, activist and author
Born: December 3, 1960
Alternative Names:
Ziad K Abdelnour
From Wikidata (CC0)
One of the advantages of living in a constitutional federal republic
is that we have the ability, if not the duty, as citizens to repair or
replace those acts of legislation under which we have agreed to live.
We must act when it has become evident that said legislation
no longer serves us as a people or advances the principles upon
which this nation was founded, one of these being “the pursuit of
happiness,” which may only be secured through wealth creation.
If it burdens the debt obligation of the government, it cannot
be creating wealth. If it does not advance the cause of regaining
American competitive dominance in the global marketplace, it is not
creating wealth. If legislation and regulation were proposed that
taught people how to fish instead of providing fish, then the unemployed
would find a way to create jobs for each other. Wealth
creation is mankind’s natural objective when given the opportunity
and the tools.
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Since the dawn of the twentieth century, we have been told that
the federal government has the answers to solve all of society’s problems.
We have been promised, by supposedly serious men who have
sworn an oath before God and man, that if we just give Washington,
D.C., more of our money and more of our personal freedom, the
problems of poverty, illiteracy, racism, unemployment, crime, and
corruption will all be solved. Today, each and every one of these
problems is worse than it has ever been. The federal government and
its blood-sucking bureaucracies do not have a solution to the problem,
they are the problem.
I do not believe in supporting bailouts without strong
ramifications. It is a fool’s fantasy to think we can live in a globally
connected economy and never have a situation arise where the government
prudently steps in to prevent a failure that might lead to
catastrophic ramifications. In most cases, I believe it would be much
better to let bailed-out companies fail when they have mismanaged
themselves, rather than waste taxpayer money propping up greedy
idiots who are trying to salvage their own bonuses; however, there
are exceptions to almost every rule. The wiser course would be to
penalize the CEO or board of directors who drove the company
to the brink of failure. The most obvious punishment would be the
elimination of any “golden parachutes” or bonuses for the executive
and seizure of all company-derived assets, including any attempts to
hide company assets in the spouse’s name. When C-level executives
come to the realization that managing a company is not a game and
that there are serious consequences for their actions, we will see fewer
instances of requests for bailouts.