Wednesday, December 03, 2008

George Soros, inside trader, must be stopped

Richard Rahn: You Lose, Soros Wins.
Those who bet against the foolish policies and actions of governments provide a public service by exposing the stupidity, provided they are not using inside information given them from politicians and other government officials. But when people like George Soros and other big financial backers of politicians use confidential inside information or their ability to manipulate the political class for their own ends, it hurts everyone else. The larger the government and the more discretion government officials have regarding issues that can damage or benefit private parties, the more opportunities there will be for abuse and corruption.

If Barack Obama wins with big Democrat majorities in the House and Senate, you know from their statements that they will increase capital gains and business taxes. But they have already said, there "will be exceptions," - which will be worth billions of dollars to those with prior knowledge of what the exceptions will be. Who do you think will have that prior knowledge?
George Soros, one crony capitalist.

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