SolomonSuccess.com

Al Franken Finally Does Something Right

SS - Jason Hartman Income PropertyCitizens of America should have a BIG problem with the growing abuse of power known as mandatory arbitration. Jason Hartman and the team at Solomon Success have been watching this perversion of justice on the horizon for a while now. What is mandatory arbitration? In short, it’s a neat little way for large corporations to circumvent the process of justice guaranteed by the US Constitution.

At the center of its black heart, mandatory or forced arbitration is a way that corporations have discovered to circumvent due legal process through their willing accomplices in the United States Senate and House of Representatives. But wait, isn’t securing one’s “day in court” guaranteed in the Constitution? We always thought so. Both the wording and intent in the 5th and 14th amendments seem pretty clear about the framers’ intent to preserve the civil rights to life, liberty, or property of every citizen.

In our measured opinion, by allowing the private justice system of forced arbitration online slots to continue, the federal government facilitates a nice round of spitting on the Constitution every day it continues. There are a few characteristics of forced arbitration most thinking humans should find odious:

1. There’s no judge, jury, or right to appeal.
2. The arbitrator chosen to hear your case doesn’t have to follow the law.
3. There is no review process to make sure justice was served.

Furthermore, the forced arbitration clause in the contract you signed allows the company you’re having a problem with to choose the arbitration firm and arbitrator; it should be no surprise to learn that it’s often one with which they have an incestuously cozy (and profitable) relationship.

The bottom line is this: if you’ve been harmed by fraud, predatory lending, discrimination, negligence, defective products, or other scams, there’s a good chance you won’t end up in a legal courtroom but rather a judicial perversion of the worst kind. Welcome to America!

What can you do to avoid forced arbitration? Thanks to the way it has embedded itself into almost every product and service you purchase, it’s difficult. You would probably have to make a drastic lifestyle change and quit signing contracts, which just might be worth it. At the very least, consider throwing your support behind the Arbitration Fairness Act of 2013, which was introduced by Senator Al Franken. This piece of corrective legislation is the first evidence of brain activity we’ve noticed in the Senator and is quite possibly his finest work since Saturday Night Live. (Top image: Flickr | StockMonkeys.com)

* Read more from Solomon Success

When Sinners Entice Thee: Online Investing Scams

The Wisdom of Old Documents

The Solomon Success Team

solomon_logo_600_border4-150x1501

Related Posts

Zero to Success

SolomonSuccess.comMost of traditional financial literature is dedicated toward methods of investing that can be used to preserve wealth and generate returns on your investment. In most cases, these are laudable goals that command the attention of both new and veteran investors. However, there is a fundamental question that is frequently unanswered by such strategies and methods. This fundamental question is how one goes about getting the capital that is necessary to invest.

Read More »

The Four Factors of Income Properties

SolomonSuccess.comFour principal factors drive the opportunity for income property investing. In most investments, such as stocks and bonds, there are only one or two factors like appreciation or dividends that drive the value of the investment. Income property is unique, because it is a multi-dimensional asset that generates value by the interplay of four primary factors. These factors are Price Stability, Cash Flow, Tax Advantages, and Leverage.

Read More »
×

Loading chat...