TaxWallStreetParty

Official Twitter Account for The Tax Wall Street Party. Providing The Economic Program To Fund 21st Century America.

[Robert Reich @RBReich]

Starting November 1st, New Mexico will become the first state to offer free universal childcare to all its residents.

It's expected to save families over $12,000 per child annually.

This is a huge step forward — and a reminder that we have the power to fix the system.

[CNBC @CNBC]

Jamie Dimon says Trump's tariff policy is positive for national security so people should 'get over it' https://t.co/GobkvX7Xme

[Daniela Walls @DanielaGWalls]

@Cointelegraph This strips The Fed of their power. Probably the biggest event since 1913.

[Daniela Walls @DanielaGWalls]

$50B for a strategic partnership with Greenland unlocking the most resource-rich landmass—minerals, freshwater, everything. 68% Greenlanders by referendum want to leave Denmark. Meanwhile, it’ll cost $1 TRILLION to claw out from under Newsom’s criminal fuckup!

[brickhouse #TheMorrisonBill @BrickerNick]

The Morrison Bill: Protecting Family Inheritances and Land Rights Act
Purpose:
To prevent the wrongful sale of generational farms and estates, protect family agricultural legacies, and provide financial assistance to families to reclaim and restore their inherited land, ensuring its preservation for future generations.
Section 1: Definitions
• Generational Farm: A farm that has been owned and operated by a single family for at least two generations or a minimum of 50 years. This includes farms that have a historical connection to the family’s heritage and community.
• Rightful Heirs: Individuals or entities that are legally entitled to inherit a generational farm under a will, trust, or intestate succession laws.
• Wrongful Sale: The unauthorized or fraudulent sale of a generational farm, including sales conducted without proper heir notification, consent, or adherence to legal fiduciary duties.
• Restart Grant: A financial award of up to $1,000,000 provided to families to restore, rebuild, and restart operations on a reclaimed family farm. The grant aims to help families with costs related to infrastructure, equipment, livestock, and legal fees incurred in the process of restoring the farm.
Section 2: Protections Against Wrongful Sales
Notification Requirements:
• All rightful heirs must be notified at least 120 days in advance of any planned sale, auction, or transfer of a generational farm. Notification must be made via certified mail, electronic records (if possible), and public notice to ensure all heirs are adequately informed.
• The notification must include:
o The proposed details of the sale, including price, terms, and date.
o Appraisal information that justifies the sale price.
o Details on the auction process, if applicable.
o Clear instructions for heirs on how to contest or bid on the property if desired.
Consent of Heirs:
• A generational farm cannot be sold without the documented consent of at least 75% of identified heirs. Heirs must provide their consent in writing, and this consent must be notarized for legal validity.
Auction Transparency:
• Auction companies must verify that they have legal authority to sell the farm. They must ensure that all heirs have been properly notified and that each heir has the opportunity to participate in the auction process.
• Auction houses are required to provide full transparency regarding the process and share information about any offers made or bids placed.
Fair Financing Protections:
• Heirs must be permitted to utilize financing options (e.g., USDA loans or grants) to participate in the auction and secure the property in cases where they wish to reclaim it.
• A clear, standardized process for applying for such financing must be provided to ensure equity and fairness for all heirs.
Section 3: Remedies for Wrongful Sales
Restoration of Property:
• Farms wrongfully sold due to fraud, mismanagement, or lack of heir notification must be returned to the rightful heirs through legal channels.
• Courts will have the authority to compel the buyer to vacate the property and transfer ownership back to the heirs.
• If necessary, the court may impose further actions to ensure the heirs' rights are fully restored, including reimbursement for related legal fees.
Compensation for Non-Restorable Properties:
• In cases where the farm cannot be physically returned to the heirs due to extensive damage, resale, or other conditions, heirs are entitled to financial compensation that includes:
o The current fair market value of the property at the time of the wrongful sale.
o Compensation for lost agricultural revenue up to 10 years prior to the claim, based on documented farming practices and crop yields during the relevant period.
o Compensation for any loss of community or heritage value tied to the farm.
Retroactive Application:
• This Act applies to wrongful sales that have occurred up to 10 years prior to its enactment, ensuring that families impacted by such sales in the past will have recourse to legal remedies.
Section 4: Restart Grants for Family Farms
Eligibility:
• Families who reclaim a generational farm under this Act are eligible to apply for a Restart Grant of up to $1,000,000. This grant is designed to assist families with the financial and operational aspects of restarting agricultural operations on their family land.
Use of Funds:
• Restart Grants may be used for:
o Rebuilding farm infrastructure, such as barns, silos, irrigation systems, and fencing.
o Purchasing equipment and livestock necessary for farming operations.
o Transitioning to sustainable or innovative agricultural practices, including organic farming, renewable energy integration, and conservation practices.
o Covering legal, administrative, and court-related fees incurred during the process of reclaiming the property.
Administration:
• The USDA will oversee the grant program and ensure that funds are distributed based on need and fairness. Priority will be given to historically disadvantaged communities, including minority and low-income families, as well as to farms with a documented history of family ownership and operation.
• A clear application process will be developed, including guidance for families on how to navigate the process of reclaiming their farm and applying for financial assistance.
Section 5: Penalties for Misconduct
Auction Company Penalties:
• Auction companies that fail to comply with the provisions of this Act or engage in misconduct during the sale of generational farms shall face civil penalties of up to $5,000,000 per infraction. These funds will be directed to the Restart Grant program to assist families in reclaiming farms.
• Companies that fraudulently or improperly handle the sale of a generational farm will be barred from future auctions involving such properties.
Executor and Administrator Penalties:
• Executors, trustees, or administrators of estates who knowingly engage in fraudulent actions or mismanagement shall:
o Be subject to fines of up to $2,000,000 per infraction.
o Be liable for additional damages suffered by the heirs, including lost agricultural revenue or diminished farm value.
o Face disqualification from serving in fiduciary roles if found guilty of wrongdoing.
Criminal Consequences:
• Individuals who engage in fraudulent or willful misconduct, including falsifying documents or concealing heirs, shall be subject to criminal penalties, including imprisonment for up to 10 years.
• Those found guilty of defrauding multiple generations of heirs may face enhanced penalties.
Section 6: Statute of Limitations
Extended Limitations Period:
• The statute of limitations for filing claims under this Act is extended to 10 years from the enactment date, both forward and retroactively, providing a longer window for families to seek justice and compensation.
• This extended period ensures that heirs who were unaware of the wrongful sale due to fraud, mismanagement, or lack of notice are not unfairly barred from filing claims.
Tolling for Extraordinary Circumstances:
• In cases where heirs were incapacitated, unaware of the wrongful sale, or where fraudulent concealment occurred, the statute of limitations may be tolled for an additional 2 years from the date the misconduct is discovered or reasonably should have been discovered.
Section 7: National Family Farm Protection Fund
Creation of the Fund:
• A National Family Farm Protection Fund shall be established to finance Restart Grants, assist families with legal fees, and support research and education about generational farm preservation.
Funding Sources:
• The Fund will be financed through civil penalties collected under this Act.
• It will also be supported by federal appropriations and contributions from agricultural organizations, philanthropies, and community groups interested in supporting generational farm preservation.
Section 8: Oversight and Enforcement
Family Farm Protection Committee:
• A Family Farm Protection Committee will be created to oversee the implementation and enforcement of this Act. This committee will:
o Investigate complaints related to the wrongful sale of generational farms.
o Enforce the provisions of this Act and ensure compliance by auction companies, estate administrators, and other involved parties.
o Provide legal guidance and assistance to families seeking to contest wrongful sales or access Restart Grants.
Audit and Compliance:
• Auction companies, estate administrators, and any other entities involved in the sale or transfer of generational farms will be subject to regular audits to ensure compliance with this Act.
• If any entity is found in violation of the Act’s provisions, they will face appropriate penalties and be required to restore any assets or compensate families as needed.
Section 9: Title and Recognition
Title of the Act:
• This Act shall be known as the “Morrisons Bill: Generational Farm Protection and Restoration Act.”
Recognition of Family Legacies:
• This Act acknowledges the cultural, historical, and economic significance of generational farms in preserving local communities, supporting sustainable agriculture, and maintaining familial bonds. It reaffirms the government’s commitment to protecting these invaluable assets for the future generations of Illinois families.

[Dr. Ben Braddock @GraduatedBen]

Here's Vivek Ramaswamy in 2015, scamming the public on his Alzheimer drug that had already failed drug trials four times before he bought it for pennies.

He rebranded it & took the company public in an IPO. Then he & his family dumped $2 billion of stock before it failed again.

[Daniela Walls @DanielaGWalls]

Musk, Vivek, and Sacks could solve the tech hiring issue by committing to hire thousands of skilled grads from top schools like MIT, CMU, and Caltech—many can’t even get interviews. The problem? A mere $20k salary gap. Pay it, prioritize American talent, and stop pretending it’s more complex

[Daniela Walls @DanielaGWalls]

@jlippincott @VivekGRamaswamy Remember, this is the same crew of tech bros that told you not to go to college and started a whole movement around it—while they all had Ivy League PhDs

[Daniela Walls @DanielaGWalls]

@NevertheLe73399 @USTechWorkers while being subsidized by our tax dollars

[Daniela Walls @DanielaGWalls]

@patrickbetdavid This is not just another issue. Our economic interests are the foundation of everything built henceforth. Nothing will move forward peaceably until the oligarchs we've empowered address this specifically with written legal constraints, not merely platitudes.

[The Butcher of Wall Street | Marcel Kalinovic @BossBlunts1]

Earlier this year @RobertKennedyJr's campaign team reached out to me regarding stock market reform along with a couple other retail investors/finance professionals you likely know from X.

They asked me for my ideas & they were as follows:

Re: Blackrock & Vanguard - "1. It should be made clear what the stance is on these companies in relation to their stranglehold on the money and businesses in our country."

Re: Overhaul - 2. The stock market reform needs to be completely overhauled here's a few key ways;

- SRO's self regulatory organizations have way too much power and need actual 3rd party oversight to prevent them from acting in their company's best interests opposed to that of the 99%. The police are policing themselves.

SRO's like NSCC, DTCC, FINRA etc need independent oversight by the SEC/CFTC, and the DOJ, and a 3rd party.

Enhanced transparency requirements like public disclosures of detailed reports on enforcement actions & decisions.

Conflicts of interest must be approved by 3rd parties, retail advocacy groups, independent experts not-linked to the firms, and gov appointed position to do so.

The SRO employees/execs must be banned from going to work for a 3rd party overseer for a min. of 24 months at least, in between the job-switch dis-incentivizing moving from pvt to public and back to manipulate regulations.

- The SEC is under-staffed and underfunded. It is a revolving door from the SEC to better-paying hedge funds/firms on wall street that benefit from having former SEC staffers.

SEC salaries can't compete with hedge funds pay-rate, give them a raise, and more incentive to do their jobs properly, bonuses, vacation days, whatever creative etc.

SEC employees should be banned from working for private-sector for a long cooling-off period of at least 12 months.

Public-interest division should be created to advocate for retail, and it should be run by board of several retail investors, and should also be overseen by 3rd party firm like the SRO's with the ability to speak to the SEC & DOJ directly, and also petition Congress and the Senate if need to move things up-the-chain.

-   Implement reforms to create a more level playing field, such as revising rules around high-frequency trading, dark pools, and payment for order flow

Enhance disclosure requirements for broker-dealers, short-sellers, market makers, hedge funds, family offices, prime-brokers, the whole 9 yards.

Pass the Market Fairness Act that Hester Pierce and co. shot down
https://t.co/o2kUV5qQMI

Pass the short-selling Transparency Act that Hester Pierce shot down
 https://t.co/5leFG4CoYg

Increase manpower/funding to the CAT system

Create a position at the DOJ to work together with the SEC to track down and investigate market manipulation via the CAT system and other such tools with the sole purpose of cracking down and prosecuting repeat offenders.

Harsher penalties for fraud and repeated offenses.

Remove market-makers ability to sell shares of stock naked "without locating shares for the purposes of liquidity". Force MM to deliver those shares within 24 hours, or automated forced-buybacks will be made by a 3rd party regulator / SEC / CFTC / DTCC.

More support and incentives for whistleblowers, safety assistance, whatever y ou can come up with in that regard.

and lastly financial education nationwide financial literacy programs that educate the public on investing, retirement planning, and the risks associated with different financial products.

These SHOULD be integrated into middle and high school curriculum and adult education initiatives.

Ban PFOF bc it's crime

strip repeat offenders of their securities licenses (within reason)

Ban darkpools in their entirety.

The reasons for which they exist aren't valid reasons to prevent stock prices from changing during a bulk-order between two large firms.
Completely REGARDED.

Ban high frequency trading

MAKE TOKENIZED SECURITIES OF STOCKS ILLEGAL, OR make their use as share-locates / share-borrows ILLEGAL and punishable by massive minimums.

Place maximum caps on the % ownership of a crypto / BTC / XRP / etc by any 1 financial firm like blackrock, vanguard, major corp's etc.

There's more, of course, but this is what I could come up with over the last 30 minutes.

Some would say hard-to-do, but this market is a complete shit show, so yea it would involve a lot of work.

Board positions for market reform could be created for this specific task. Gov spends plenty of money anyway, fire some of those 87000 IRS agents and hire 50 people to do the above jobs, & save a few Trillion in the process.

(End copy/pasta)

- @RobertKennedyJr please have your team reach out again if you need anything at all. Cheers!

#MAHA
#EndTheFed
#WallStreet
#CitadelScandal

[Peter R Hann CFA, Goldbug Weirdo/Silver Freak @PeterRHann1]

@unusual_whales No more SEC to Wall Street.

[Daniela Walls @DanielaGWalls]

Some quick thoughts on the rumors about Thomas Massie or Joel Salatin as Ag Secretary. I'll try to keep this brief but it's a complicated issue, and must be understood by the Secretary of Agriculture and the head of the USDA, who I hope will be RFK, Jr.

With industry, the key issue (as the President has correctly and boldly identified) is tariff protection from foreign competition.

With agriculture, the key issue (which was the root of both Lincoln's and FDR's reforms) is price.

There are indeed major problems of corruption, corporate monopoly, etc. involved with the farm bill. But the underlying problem, why the farm bill exists, is the lack of fair price protection for farmers.

Here is a quick snapshot showing the averaged ratio of prices received (e.g. for a bushel of corn) to prices paid (for land, labor, fuel, equipment, transportation, etc). https://t.co/hQtCOF4rCl
Quick note - the USDA's National Agricultural Statistics Service MUST be maintained. They are the group collecting data on farm price indexes, and are essential to calculating the proper price floors.

During the New Deal, in which parity price floors were enforced, the average prices exceeded 100% of costs. Farmers profited in the market, and therefore there was zero government support, and no commodity futures trading for grains.

This was a very deliberate policy of FDR and his then Ag Secretary Henry Wallace, under the advisement of economists led by Carl Wilken from the University of Iowa. In short, the "parity" or average break-even price, was simply enforced by a regulatory mandate from the secretary of agriculture, in the same way that minimum wage laws are enforced. This is still federal law but not enforced, and President Trump could enact these protections on day one.

Today, farmers receive roughly 30% of the cost of growing ag commodities (detailed data is available from NASS). This represents the price they receive at the grain elevator compared to the costs of operation - mortgage, tractors, fuel, labor, etc. How do they survive? 1) Farm bill crop payments; 2) Hedging in the futures markets (a significant activity for all large farms); 3) Debt and/or family inheritance (which keeps out new farmers); and 4) Off-farm income and poverty.

From what I understand about Massie, he fancies himself as something of a Jeffersonian agrarian and lives on a hobby farm. As Hamilton observed, Jefferson was an honorable, intelligent and patriotic man, but he didn't understand economics. It's worth noting that Monticello, his own hobby farm, was deeply in debt and he died broke.

Guys like Massie and Joel Salatin will bring interesting ideas to the table, but they are unprepared for what is required for the world's largest agricultural economy to function. We are, as Carter's ag secretary Bob Berglund observed, a grain colony to the world. The world's largest private corporation is Cargill. The commodity futures market trades $1 quadrillion per year in grain futures. The forces involved here are monumental and are not going to roll over for chicken tractors and raw milk.

Enforcing Parity prices for ag commodities will allow all current farms to function as they are, with the following changes likely to take place: 1) Federal farm bill commodity program payments (~$20B per year) can be eliminated (supplemental insurance for loss of crops to weather events, etc. will need to be maintained). 2) Grain traders (Cargill) and the commodity traders like BlackRock will be majorly impacted and those financial markets may cease to function. This is the intent. Non-farmer commodity traders currently skim most of the value of our farm products. The farm bill is welfare for THEM, not farmers. 3) Price supports bring stability for farmers, giving them the ability to take out loans (ie for tractors or to buy land), and in turn generating a great deal of economic activity in rural America. Every fence post, bag of feed, grain silo, etc. turns the whole economy.

Who I would nominate as Secretary of Agriculture (or at least discuss the issue with):

The President will run into two problems here. 1) Many of the people experienced in this area are dead. The most useful group will be people involved in AAM - the American Agriculture Movement of the 1980s, which coalesced around Jim Hightower's bid for Texas Ag Commissioner. 2) Many of the people are old-school Democrats who may be hostile to the President. I'd think the opportunity to save rural America should overwhelm their personal feelings.

Ultimately, you need someone with a deep understanding of the current system and a desire to move back to the New Deal system. I would start by talking to:

1) Dennis Kucinich. He is the only politician in my recollection who specifically advocates this position, and has experience with the legislation. He's a close friend of RFK's, has an independent pedigree, and will know a lot of people to call to staff the USDA. He will also have a certain amount of gravitas to sell the issue to the public, and connections to all kinds of star power (e.g. Willie Nelson and Woody Harrelson) who have publicly advocated for this issue in the past and can be involved with rallies, press events, etc,

2) Jim Hightower: currently a radio show host, but nobody was more at the center of this issue and is still living. https://t.co/KLw9h4opOI / call Laura Ehrlich at [phone], ext. 1.
1b) There are some old guys still hanging on who are very knowledgeable about the history of Parity laws and the fight in the 1980s. I would talk to Randy Cook at the National Organization for Raw Materials (https://t.co/eMln8qkZfw / [email protected]), or Fred Lundgren (https://t.co/5bv0t9CG5x). They will give you an earful of information about who stopped Parity in the 1980s, specifically people like Rick Perry working as an agent of the Bush family.

I'll cut myself off there. I would imagine there might be university economists who would be great on this issue, but considering President Trump's Lincolnesque approach to surrounding himself with a team of prominent non-Republicans, Kucinich would be an outstanding pick. Keep Massie in Congress where he can continue his work, and don't waste your time with small solutions. This is a huge part of the economy and requires a huge solution.

[The Vigilant Fox 🦊 @VigilantFox]

REPORT: Tucker Carlson claims that The New York Times suddenly “torqued up” its use of the words “racist,” “racism,” and “white supremacy” by “hundreds of percent” during the height of the Occupy Wall Street protests in 2011.

Carlson suspects this was all part of an effort to divide working-class people and have them turn on each other so that their grievances would not be aimed at the managerial class.

“It was almost like somebody decided it would be better to be at war with each other than to be asking questions about our financial system.”

[Daniela Walls @DanielaGWalls]

@WallStreetSilv Excellent idea. Palestinians, among the most educated on Earth, deserve a life beyond being pawns in a political game. It's time to break the cycle of generations trapped in an open-air prison. #EmpowerPalestinians #EndTheConflict"

[Daniela Walls @DanielaGWalls]

Mercantilism serves the interests of producers, who create jobs for citizens. Lincoln used tariffs and subsidies to build the steel industry, which employed people in steel production. Biden has free trade and bailouts for Blackrock, Walmart and Amazon, which import Chinese-made goods. To see the distinction, you need to accept the qualitative difference between the real economy (farms, factories and infrastructure) and the parasitic economy (financial speculation, trade, usury), and understand that the purpose of any nation is to protect its real economy from financial parasites.
When I mention "trade": You are trading on currency differentials, seeking low wage economies, etc. It’s slavery where the slaves live somewhere else. Not if you’re importing a BWM but if you’re importing auto parts, steel, glass, wood, etc.

[Robert F. Kennedy Jr @RobertKennedyJr]

Do you wonder why the economy doesn’t feel as good as government statistics say it is? Maybe it is because the BLS manipulates the statistics.

https://t.co/EYaO8w2JuQ

[Daniela Walls @DanielaGWalls]

@disclosetv They picked the right target.

[Daniela Walls @DanielaGWalls]

@MattBinder Stop saying the Palestinians VOTED for Hamas! Hamas has despotic control over the population, no protest or support a rival party without consequence.