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You're right that we will never eliminate greed. But it's wrong to think the answer is regulation. You simply have to realize in what instances that greed can be shaped for the best possible outcome. Making greedy people desperate is the LAST damn thing you want to do. And that's what regulation does.
Look at it this way, you're having a party, the people are hungry, so you order some pizzas. You have 20 guests, and you order five pizzas. That's 40 slices of pizza. Enough for each person to have two, and probably more, because the girls watching their weight won't have any. Except there's some sort of mistake, and the pizza guy only shows up with 3 pizzas. But there are some big boys at the party who aren't getting full on 1.2 slices of pizza. So the 3-4 hungriest people rush the kitchen as soon as the pizza gets there, and scarf down 2-3 slices as fast they can. And while they are it it, the next 3-4 hungriest people have gobbled down 1-2 slices themselves, and now there's no more pizza left and some of the guests got none because they aren't greedy hogs and were polite and willing to wait their turn instead of being part of the stampede.
And all this could have been remedied if the guy who ordered the pizza hadn't told the delivery driver, "hey, why don't you take two of our five pizzas and deliver them to the soup kitchen, I'll tip you extra."
Taxation and government regulations have made it so that we no longer have enough pizza to go around. And so the hungriest (greediest) are more and more motivated to flout common decency and do piggish things, like bum rush the counter with the pizza and stand there and hog it all. On Wall St. this happens when these guys cook up these crazy ass schemes to make money after the government has come in and basically raided the market for their own fukking gain.
You're right, you will never eliminate greed, but what you can do is foster an environment where those who would be greedy feel less of a need to be. And if the pizza boy had shown up with five pizzas, the fat pigs could have done the math to realize they didn't need to inhale as much as they could in two minutes. And that's the way it works on Wall St.
When there are more people in this country with money to invest, the Wall St. whores don't have to concoct all this crazy bullshit just to make money. But the American people don't have money to invest, because their money is being taken by the government through taxation. A good middle class income should not cost you $40,000 a year in taxes. But it does. And it is those thousands of thousands of thousands of dollars every year that could be used in the market place instead going to the government that unleashes the greedy frenzy that fuks shit up.
If the government can't operate on 10-15% of our incomes, (shit, I'd even take 20%) then it ain't doing it's fukking job.
You start putting $$$ back in the pockets of the middle class by cutting their taxes in half, and what you will find is a nation with lower prices, more jobs, and less bitching.No more of that talk, or I'll put the leeches on you.Comment -
Well said mid cap. lower prices would apply if we can use our own oil or natural gas.Comment -
US economy is in shits. It forces the youth to peddle and abuse drugs at an early age.Comment -
Happens when a shithead like Bush is president, ruining a once good economy.
All the U.S. has left is their military power to bully others, or everyone would just laugh in their face and let them rot.Comment -
Get as rich as you can as fast as you can .Comment -
I got El Salvador's Army and FMLN gurrilla shitiin on US Black Hawks.Comment -
yeah when i play call of duty i hate being on the army side. they always lose.Comment -
The stock market is only part of the economy. We're in much better shape than the rest of the world.Comment -
Go see if the guys in the field are saying that. We are in a very special time in history right now. This is the time when millioionaires are made and millionaires become billionaires.
Been around some of these guys today and you should see the action they have going on. It's a great time to do tour thing now.המוסד
המוסד למודיעין ולתפקידים מיוחדים
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The stock market is a house of cards right now.
Frankly,I dont know how the Dow sustained this long with all our economic issues.Comment -
“The debts that are in this country are skyrocketing,” he said. “In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.
“When the problems arise next time…what are they going to do? They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around.”
Jim Rodgers
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Well i was in NYC yesterday and got to go by the WTC and see what their doing and they are 2/3 finished with the freedom tower and have a nice setup going on their. Once those buildings are finished the economy will start to roll and get back to normal. Do u guys realize why Osama really did that and picked the Twin Towers,not to kill so many people which im sure he didn't care but to make our economy go to sh-its and that exactly what happened. Well they are anticipating 90 days for this building to be finished, so hopefully by then our national debt doesn't stop us from getting back on track.Comment -
I'm losing money here in Canada too.Comment -
they should rebound next weekComment -
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Fish, I thought you were a pretty sharp guy, and then you went and said some dumb, the sky is falling, bullshit like this.
If the U.S. doesn't exist in 40 yrs, who will buy all of Asia's crappy exports? Who will buy Japans and Germanys overpriced cars?
Without the U.S.'s economy and buying power the entire world economy would crumble into anarchy and chaos. Fuk the Chinese debt, fuk the weak dollar...None of that shit matters. We own the Chinese. What happens in 10-30 yrs when the Chinese factory workers demand $25 dollars an hr and good benefits? If the U.S. even bluffs about not buying Chinese imports it would send a ripple thru the economy like they've never seen.
I'm rambling...Good Day Sir!Comment -
Bunch of fukkin who haComment -
No soul in America should have money in the stock market right now..............waste of time and money.Comment -
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