19 billionaires having too much fun
Sure, lots of wealthy people are frugal, and many devote time and money to saving the world. These billionaires have no qualms about spending big on good times, too.
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I got to splurge this month and pay most of my bills and still had some left over for food.
No raise in 6 years and at least 3 more to go, but our executives just gave themselves their yearly couple of hundred thousand dollar bonuses each.
RESTORE THE US TRESURY TO ITS PROPER ROLE
Why we keep glamorizing these greedy bastards? at the end dead will prevail and they will gone, just like any other poor soul in world.....
Wall Street was invented as a place with safety where very rich people took smaller amounts of money from a larger group of people to grow even bigger fortunes. A poor person has never gotten rich in the stock market , the same system that took their money is in place today. The government is a player in this money making rip- off game they invented. Just look at how it's set up, big money wins every time. Your small $1000.00 investment in the stock market is eaten up by a million dollar or more deposit in the same stock, you loose. Stock brokers and rich investors eat it all up. Stay out of the stock market and do your own investing, you don't need these bottom feeding pigs. Just follow the money, where it stops is where it went. How many stock brokers went to jail after almost bankrupting this planet? None did and many stock brokers were made billionaires with money stolen from the smaller investors and the banks that kept your money. Show me one poor person that made money or got rich in the stock market. And if you find one let's follow the money from A to Z shall we. Also show me one rich investor and let's follow that trail of money. Money making in this country is based on the backs of the working class poor who need it the most. Anyone that makes 100 million a year in the stock market has you money.
Ill have to reference this the next time some right winger wants to debate the effectiveness of supply side economis.
Why do we glamourise these theives? All they have done is at our expense!
The arguements on boths sides are valid. I believe, the middle ground is a synthesis of the two points. One side, they earned it and the other side is America is hurting. The jobs being created, but slowly. Education is messy. Our politics is ugly. Proverty is expanding. People are hurting. Jobs being created. Mostly service jobs, aren't paying the bills. The wealthy have earned a profit from what we purchased. When they spend it, they support jobs. They deserve it. Some are genius who do not sleep and do not have the time to spend with their family. Some are honest and deserve to indulge the benefits they have earned. Ultimately the berth of the trickle down effect is narrower then orginally planned. People are hoarding wealth. It's like a plumbing system - it's backed up. This is a fact - worldwide. Globalization isn't helping America out either.
We need to balance this all out. Raise wages across the board, to deserving people who earn it - of course. Increase our spending power, and sure enough - we will spend. Yes this will cut into profit, but it will ultimately go right back to the people who have the ideas and big jobs. I'm sure this is not the catch all solution, but a sensible solution nonetheless.
We can all agree that things are messy. This leads me to believe that we are struggling with philosophical debate - what do we stand for, as American citizens, who share this planet with other humans. I think we are in the perfect storm for strong leadership, but our political system is too busy being petty. I propose that we do not feed into the political debates and discuss the sensible solutions. We, the citizenary, should show how politicians, executives and other leaders how to behave. I have full faith that we can.
*This post is not advocating for government intervention, or full privatization. It is advocating for us to lead by example. We shouldn't depend on the government for ideas and/or solutions. We should demand our government to facilitate our ideas and solutions. We are the ones that live in the environment they set. We can change that environment, together. I believe it starts with respect in each other and setting the tone of the conversation. We should reprimend dis-respect, name calling and other immature behavior that does not constructively contribute to the conversation -regulary (versus celebrating, simply agreeing with witty comments, feeding into tactical political games and 30 second sound/video clips.)
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[BRIEFING.COM] The major averages finished the session on a lower note as the S&P 500 lost 0.4% while the Nasdaq shed 0.1%. The Russell 2000, which paced the retreat on Tuesday and Wednesday, added 0.2%, trimming its December loss to 3.5%.
After spending the first half of the session in a steady retreat, the S&P 500 found technical support in the 1772 area. Upon reaching that level, the index reversed sharply, and marched back to its flat line. There was no particular catalyst ... More
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