Okay, you're defending taking money from workers and giving it to non-workers (investors) by saying the worker can change jobs but we both know that no matter where he goes the wealth created by his labor will go to investors. The burger flipper will make around $50 a day for his work, regardless of how much wealth he generates. His hard work is seldom rewarded and if so, by only a few pennies per hour. Yes, and this is the way it should be. I want the next Steve Jobs to be incentivized to create the next Apple. I don't want the next Steve Jobs to be paid the same as the McDonald's worker, because the next Steve Jobs will create hundreds of thousands of jobs in a massive economic ecosystem that has lifted many out of poverty across the globe and created thousands of millionaires, whereas, the McDonald's worker has added minuscule value to the economy and to himself. I want the McDonald's worker to see the possibilities in our great country and then to stretch himself to become something better, not to be handed a free lunch, so he loses his incentive to strive for something better.
Banks are a mess. I see a lot of analysts writing about banks being the leading sector. I don't see it. Since investment banking exists and the gop has no plans of stopping it then banks will depend on the stock market for a good chunk of their wealth, wealth that was obliterated over the course of this last month and a half. We can only imagine what the deficits will look like when capital gains taxes dry up. The numbers will be horrific. yes, our banking system is a big mess, in that it has become a giant parasitic wealth extraction machine from the 99% to the top 0.1%. It's a nightmare. And no, the GOP won't do a damned thing about it and neither will Trump. Worse, the DNC won't do a damned thing about it and neither would have Hillary. The Clintons were bought and paid for by Wall Street long ago. Wall Street didn't want Trump. They wanted Hillary. Hedge funds overwhelmingly donated to Hillary over Trump. Hillary outraised Trump massively among Billionaires. Don't make the mistake of thinking the DNC or any of their candidates will reform Wall Street. They won't. The only one who comes even close is our favorite native American, Elizabeth Warren. She might. Rand Paul on the other side of the aisle might too. But both of them are an endangered species when it comes to Congress. The rest are pretty much bought and paid for on both sides of the aisle. Trump wasn't bought and paid for, but he doesn't see anything wrong with the criminal enterprise called the American Banking Industry. So no hope for relief there. |
