DOTR
Gold Member
- Oct 24, 2016
- 14,270
- 3,524
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You have been brainwashed.Believing that the very wealthy are your "most productive positive contributors" is a value judgement offensive to the working poor in America. What is needed is a different economic system which values all citizens and allows all to enjoy the wealth of the nation.
Word games again. Nevertheless if the word "productive" means anything at all brokeloser was correct in using it to describe people who create value.
An economic system which Values all citizens" misvalues the majority and all are poor. Economic systems dont value. They punish when you break the laws of economics or reward when you work with them.
I prefer an economic system with allows all citizens the opportunity to produce value and enjoy the fruits of their labor.
Productive means producing something such as a washing machine, TV, car, beer, and so on. It is the workers who produce. Those spivs who produce nothing but paper wealth in trading other people's money in stocks and shares, playing international currency markets, offering so-called financial services in banking speculation, are leeches who produce nothing but a paper value because the capitalist system rewards these greedy operators. They bring shame upon America.
It has gotten out of hand to a great extent...but only so far as marxism has been introduced. Your working class hero spiel sounded good in the mouth of Martin Sheen in Wall Street. But it is a Hollywood oversimplification. Trading is necessary for production. All the great capitalist economies (read the economies which produced wealth for their citizens) began as trading economies. I cant put money in stocks without somebody taking a commission and I cant sell the stocks to enjoy the fruits of thrift without a trader. No crime there.
In your brainwashing you dont realize that every case of "churning" or ill gotten trading wealth the federal government is involved somewhere. They are taking arbitrage in situation creating by crazy taxes or subsidies. They did it during the housing crisis and they went crazy with derivatives...while freddie mac and fannie mae backed them with taxpayer money.
When George Bush warned that giving loans to people with no jobs was sorta of hinky (!) Barney frank said he was a racist who didnt want black people to own homes. Frank and pelosi's take in early 2007 on the possibility of a housing crisis and financial meltdown?
"Too many Republicans have a sky is falling mentality"
Not traders. Not paper wealth. Rent seekers!