Papantonio: Detroit -- The New Billionaire Utopia

[GoLeft TV]

Belle Isle is an asset and property of Detroit, but some financiers and land developers want to purchase it and transform it into a commonwealth, essentially turning it into a tax free haven. What could something like this evolve to? Ring of Fire host Mike Papantonio joins Ed Schultz on The Ed Shultz Show to discuss this and Detroit's historic bankruptcy bid.

More at Ring of Fire.

[99th_Monkey]

1. Snap!! You beat me to it by 3 minutes. I'll self delete. eom

[Eleanors38]

2. 2 precedents: The Villages, Disney World. Both in Florida. nt

[Spitfire of ATJ]

6. Actually, the precident would be Robocop...

Where the evil corporation bails the city out and assumes ownership and when you say there's no democracy the CEO says, "Nonsense, anyone can buy stock in the company."

[Nay]

3. The rich are preparing their gated communities/feudal lord castle keeps. If you're still

alive and nearby, maybe you can become one of the serfs.

[99th_Monkey]

4. Corporate Vulture Capitalists are "real-deal" Cannibals & Vampires

In my mind's eye, I see a kick-ass screen play about this.

[louis-t]

5. I'll keep repeating this: The EFM said

"I'm not here to sell off assets or bust unions." He is doing both. Hey, maybe they can turn the Coast Guard station there into a debtor's prison! The Belle Isle Casino can be their own, private country club! Yeah, that's it. The Scott Fountain will have champagne instead of water!

Did I tell you how much I hate these bastards?

[GreenStormCloud]

8. Isn't the Coast Guard Station Federal property? N/T

[louis-t]

9. Yes it is.

[A Simple Game]

7. Billionaires like to go to yard sales too! It's just the scale that is a bit different. n/t