Charles Payne

David Won, We Litigate Against Goliaths Everyday
-Valorem Law Group

In a nation bulging at the seams with $17 trillion in debt and much more in unfunded promises, one would think there would be ideas about curbing spending and reducing promises. Instead, the welfare society is the focus, where the president proudly talks about 46 million people on food stamps, and where the plethora of social transfer payments means more debt, and more unfunded promises. Even with the shenanigans of the Federal Reserve, money printing is the underlying economic law about which one of Margaret Thatcher's most famous warnings is coming to pass.

"The administration is indeed running out of other people's money. "

So, what to do now? Go after one of the last honey pots out there -corporate cash. Yes. In addition to having the highest corporate tax rate in the world, there is a scheme brewing out of Chicago to take an even bigger chunk. The Valorem Law Group is asking Attorney Generals in several states to consider a lawsuit against fast-food, and others in the food chain (no pun intended) of unhealthy eating options and choices. The playbook is not unlike the one used to eventually extract $246 billion from the tobacco industry. It would make sense; this desperate move at some point will get backing from the administration and the media.

Couple this with attempts to make low-margin businesses pay higher minimum-wages, and hijack repatriated profits from large corporations, and make them all pay a fortune in higher healthcare costs, and make them adhere to a never-ending mountain of regulations. It's an audacious money grab, but the kind of desperation comes with reality getting closer and closer. The nation is straining to grow, while millions are being encouraged not to lend a hand, and millions more are being seduced to work less and even still, millions more are totally demoralized.

The nanny state isn't just about rules that govern every aspect of our lives; it is about paying our bills, removing our wants, and making us happy. To pull this off, we must forget achievement and settle for sameness, along with a quality of life that isn't superior or grand. The duel methods for making this happen continue to be redistribution:

Redistribution of Accountability & Redistribution of Wealth


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.
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