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It seems that people forget the USA is a democracy in a republic (or, at least it was deisgned that way). Leave out that republic part, and you get lovely bloodbaths like the French revolution.
"Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! "
How about not borrowing money you cant pay back and stop buying stuff you can't afford on credit cards. Amazing these people don't want banker accountability they want a free ride on life. They want to use the system on other peoples dollar. The Entitlement generation is rising.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
I don't know anything about these particular protesters, but it's certainly not true that everyone who is critical of current practices on wall street and corporate America has a 'welfare mentality' and wants handouts, and I doubt that it's true of all of the wall street protesters seeither.
This sort of argument always seems to take as its premise the notion that the rich become rich entirely through their own merit, having emerged from a state of nature with a 'great idea' or some such, and having received no benefit whatsoever from the existent social structure. But they are of course primary beneficiaries of living in the context of a well-regulated, ordered and peaceful society. We have opportunities to conceive, develop and implement ideas because the government creates the appropriate conditions.
Taxes aren't a 'punishment', they're an opportunity to contribute to the cost of maintaining and improving the society in which we live. It seems reasonable to ask the very rich to pay a substantial amount in order to continue that process, instead of abandoning it in order to retreat into private security compounds and 'green zones'.
I gotta mention this part above. 'The System' doesn't make people who they are. If it were 'the system,' everyone would be prosperous, but that is not the case. Before society ever was what it is, there have ALWAYS been people who find more prosperity than others, and it will ALWAYS be that way.
The people who do better than others, pay into and contribute to 'the system' just like everyone else that benefited from it, they don't owe it anymore than anyone else does.
True. One could make the argument stronger, too. One could argue that they should morally pay less. The rich (most likely) spend more, and hence, will be taxed more. Secondly, and most importantly, the rich employ the not-rich. Creating wealth takes work. And most rich create their own weath (and not inherit it). The rich are prolific producers of "shovel ready" jobs, not bureaucrats. Letting the rich do their thing without undo hinderance is positive feedback - everyone, the rich, poor, and the government get more money. Of course, there are extremes and exceptions.
Calling all banksters and knee-jerk right wing fuddy duddies: Time to trade in the golf shoes for combat boots, and the golf clubs for shotguns? Better start shedding the baby fat, looking up defense attorneys, and getting ready for tough times!
Note that Karl Denninger was one of the original promoters of the Tea Party movement, which he subsequently renounced after it became a Koch Brothers/Fox News propaganda vehicle, with the original focus on financial sector reform replaced by traditional murdochist theocratic corporate puritanism.
Stop the looting and start prosecuting is sounding better and better. The Swindler-In-Chief included.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."