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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 421.32

-0.5%

Jan 16 4:00 PM EST

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To: carranza2 who wrote (87344)	2/22/2012 3:19:52 AM
From: Haim R. Branisteanu	1 Recommendation Read Replies (2) of 219461

The basic wrong assumption in this write up is one very simple fact, which is that a majority of the population is working class and they indeed work and create value, which in turn will counterbalance the bubble. It is true that the main driver of the cheap and unrealistic low cost of funds drives everything up and only increases the wealthy - poor divide and decimates the middle class. I do hope that democracy will win and proper tax code will be inserted into law and act again as redistributor of wealth. The only riddle I cannot see to solve democratically is the huge gap of compensation between the actual workers, skilled or semiskilled or highly educated and the thieves and swindler or buccaneers at the top of the corporate pyramid. It is only highly unfortunate that ingenuity, foresight or creativity at the low level in the corporate pyramid is not at all rewarded but pure greed of psychopaths at high corporate level is handsomely rewarded. Something about this gross inequality which started with WS outfits must be made very quickly to avoid the described disaster. It is inconceivable that one person should grab millions of $$ of shareholder equity as compensation and some one less lucky or less mean or less narcissistic psychopaths or less talented in self-serving schemes of subterfuge will be compensated less than a diminutive fraction of the top dog. Compensation above a certain amount has no incentive to work harder or be more creative, it only promotes greed and self-serving schemes of subterfuge, generate awful pointless waste and depress the moral and creativity of way too many aware of the waste and careless conduct. 7 figure and above compensations if in paycheck or stock option should be outlawed, as taxing this at higher rates will only turn people into tax dodgers. We witness recently the result of such irrational compensation where the taxpayer footed the bill of those high earners mistakes. Same should apply for those state or federal workers who jokey for extra overtime to arrive at pension rates of $250,000 a year or more. Pensions should have a cap, to secure a certain standard of living for ALL and be paid as an percentage (40%) of the average of salary over the lifetime of the worker. I strongly believe that rechanneling those excessive compensation into the real economy will generate more wealth producing jobs and money would not be spent on flying fresh baguettes from France to the private corporate dining room of US corporate chieftains for a breakfast meeting. The writer (Bob Janjuah ) and all those agreeing with him instead of blaming others for the upcoming bursting of the bubble and the consequences hard times would better concentrate their efforts to bring the politicians and decision makers into the right path of implementation of the needed reforms and what defines a prosperous society, which at present time is almost non –existent Therefore to all cheerleaders, stop bitching and moaning and do something by yourself to avoid what seems now as un-voidable.

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