Blackrock & companies of a similar nature have become toxic to the American public & small businesses… Blackrock needs to be reigned in!
Companies like Blackrock run up housing prices, manipulate markets, engage in corruption, promote WOKE culture & other unnatural policy. We DON’T need corporate America involved in land and residential housing. Let’s bring back small businesses and limit home ownership and land lot sizes for all corporations, foreign countries like China or a billionaire investor (like B. Gates)!
A few years ago I was looking to buy a foreclosed home, a practice which used to offer the average small time investor or new home owner an opportunity to get into the market at reasonable prices. You could fix up the home and live in it, or sell it as a means to run a small personally owned business.
About ~5 years ago companies like StinkRot (aka Blackrock) moved into the market & would hire buyers to go into bankrupt auctions around the country and simply buy up every property. Maybe this is good news for mega banks, but it’s just another attack against small business owners in the country. Let’s move money back to hard working individuals, and away from corporate monstrosities.
There’s also a desperate need to prevent Blackrock & like companies from voting their investor shares, as this is how they take ownership of other corporations by voting in corporate board members.
Blackrot has been polluting all corporate businesses with their rotten agendas, like the unnatural WOKE culture that spread like a virus throughout corporate America. Lets defang this globalist run monstrosity, & give the average guy a chance to buy a home or start a small business!
Something would need to be done about the possibility of such problematic companies (e.g., BlackRock) acquiring land/homes through means such as inheritance, foreclosure on a debt, etc. I believe that in such cases, a “hot potato rule” should be applied to the affected property, forcing the problematic company in question to quickly offload it. Failure to comply would result in forfeiture of the property to the federal government, which would then itself have to treat the seized property as a “hot potato” (this would likely entail disposing of it by means of an auction, so problematic entities and their representatives would have to be banned from attendance / bidding).
There are existing controls in place…that is not where the problem resides. The reason for the ongoing monopolizing is simply because it is just not being stopped by regulatory agencies and our justice department. There have been laws on the books since Ma Bell was broken up into the Baby Bells. Look at the food industry – only a few giants own everything. Look at the media industry – same thing. Transportation, banking, and investment – same thing.
We need to get break apart these government agencies and start looking for where the problem is – look for payoffs, contributions, and soft money that has been acquired by those in the controlling layer of these institutions. EVERYTHING is being centralized and consolidated into fewer and fewer hands across all American industries. This is not regular capitalism at work – this orchestrated fascism at the highest levels, and we are in the ninth inning of this country-wide takeover of American business and industry. If we are going to go after the monopolies, we need to first replace the guard/attack dogs that go after monopolies. Once we clean house on our defunct regulatory agencies and corrupt government officials, THEN we go after the monopolies currently in place. and bust them up into smaller competing corporations (like we did with Bell Telephone Company). Doing this in reverse order is like putting the cart before the horse.
As for the proposed policy though – it is probably a very good idea to do it ASAP, since we know how Blackrock is positioning itself to become the nation’s largest RENTER corporation, enslaving the rest of the population, while destroying the ability for home ownership for average working Americans. Personally, I think it should be investigated for links to child trafficking, and if evidence is found, using presidential executive order, justifiably confiscate the entire corporation, sell it off in pieces, auction off its existing residential properties back into the residential real estate market, and return the proceeds back to the American People. It can’t be done quick enough, IMO.
Selling off Blackrock is a great idea, but for starters there needs to be a law that prevents investor voter rights passing to an investment firm like BR… that’s way too much power for a firm!
Once BR is forced to sell residential property home prices instantly become more affordable, the same with any land they own.
Monopolies is a reference to 7ven question
The rise of billionaires like B. Gates has created a new curse upon humanity that needs to be addressed. One of the ways to start is to limit what a single person or corporation can own. Simply put, limit: farm land, residential, & commercial property should be used or sold.
States could hire teams to investigate so called billionaire charities, paid for by the billionaires. The Gates, Clinton, Obama Foundations are NOT charities, they’re ways to avoid paying taxes! Billionaires need to be assigned randomly revolving oversight to prevent them buying off their oversight. And they could be rated by the public, just like corporations. Too much money and power for any one person/family is rarely good for the community.
Corporations or billionaire agendas that serve no purpose should be severely limited in their actions.
You are quite right Mac – as it stands, it is as if BR sits at the board of directors of every major corporation on Wall Street, dictating what will be done for the next 50 years in each industry, because it owns the majority of shareholder votes in most of these companies. And because of this, I think it needs to be broken up immediately – I would consider it a financial and industrial National Security threat because of its outsized power consolidation. When a corporation owns this much control – it also owns the government, I can assure you. Good points, Mac.
Blackrock also drives up housing “values”, which causes huge increases in property tax. Property tax should never be based on the FICTION of the value of someone’s home. The home isn’t worth that amount until the owner SELLS it for that amount. Property tax is an unrealized capital gains tax PLUS a tax on the original cost of the home. And it gets charged year after year. If you own your home for your life expectancy, you will pay double what your home cost you or it was even worth over your lifetime.
I agree. It is atrocious what they are doing to price middle class homeowners out of the market. They really want us “owning nothing and being happy” by 2030. It is pure evil.
Agreed Pat, overall taxes keep increasing; a property tax should never exceed a person ability to pay the tax, especially for the retired or when the home is paid in full. The home was taxed when it was purchased, along with our earnings.
The only remedy for taxes, is a huge cut in govt programs & wasteful spending.
