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title: "Timeline photos Timeline photos Timeline photos New companies are…"
date: 2019-04-06
source: facebook
type: Archer T. Ships added 3 new photos.
---

# Timeline photos Timeline photos Timeline photos New companies are…

*April 6, 2019 · Facebook*

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![](img/2019-04-06-fb-001-img01.webp){style="max-width:100%; margin:1em 0"}![](img/2019-04-06-fb-001-img02.webp){style="max-width:100%; margin:1em 0"}![](img/2019-04-06-fb-001-img03.webp){style="max-width:100%; margin:1em 0"}
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New companies are only allowed to advertise their stock to \"accredited investors\".(1) To be considered an accredited investor, you must have \$1,000,000 in net worth or make over \$200 K per year.\
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These laws exist because the general public is considered so financially incompetent that they can\'t be trusted not to fritter their money away on con artists and foolish ventures.\
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However, if voters are such financial rubes that they\'re not allowed to invest their own money in new startups, why are they, in aggregate, allowed to seize and spend \$8.2 trillion dollars, or 38% of GDP?\
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Isn\'t it obvious that voters succumb to the blandishments of crooks and nincompoops in the statehouse just as easily as they do to those in the boardroom?\
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Therefore, I propose that we be consistent: we should only allow \"accredited voters\" to vote on any financial matters in government.\
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Now, I\'m no classist. I wouldn\'t base accreditation on financial accumulation alone. God knows, there are a bunch of dim-witted rich people.\
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But surely it\'s fair to require a test of basic math skills, financial literacy, and economic history from those who wish to spend not only their own money, but everyone else\'s money as well?\
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(1) With some exceptions.
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