GustavBahler wrote:They were making these jokes as millions of people were losing their homes, their jobs, life savings, pensions, suicides went up. Like those Enron traders who were laughing hysterically about old women losing their A/C in a heat wave. Many of them (not all) became wealthy precisely because of this mindset.

And exactly what type of mindset do you think was getting created in most MBA programs in the past 20 years? You think Business Ethics 101 and Compassionate Economics 204 is what drives most of those trader and venture capitalist types?

There was a story on NPR recently about what the newer incoming crop of wealth managers are going through dealing with their management. Some of these (obviously not all) young MBA's are thinking they are going to make a difference through working on a commodities desk, and they are told their existence is about making money, nothing else.

If you have rats teaching rats how to be rats, why are you outraged when they act like rats? Suhucks when there's no overarching moral standard to answer to, doesn't it?

Trancendance be a real beyatch to live without sometimes.

Hope and change. So where's the greatest change? Like you point out, at the stock indexes. Funny how that worked out, 6 years later, huh?

What would happen to your argument about the evil rich if income taxes were done away with entirely? You want a fair and equitable capitalistic society, get your pounds of flesh from the 1% through sales taxes, and abolish the income tax. Then there are no need for tax shelters.

Yeah, I know, but what would happen to all those great government programs for the 99% and the intelligentsia who get to run them? I wonder how much higher taxes on things that the little circle of rich folks like to purchase in abundance would raise for this fairer and more equitable society?

The Fed has been lending banks money (aka quantitive easing) since the meltdown at a close to zero interest rate, billions and billions of dollars. They promised that most of it would go to loans. What did they do? They bought T-bills, in effect lending our money back to us. Meanwhile they fought tooth and nail for any mortgage modifications.

Increasing shareholder value wasn't the be all end all of a corporation until recently. Sorry just wasn't. We now have CEOs who will do whatever it takes, layoffs, eliminating long earned pensions, just to boost the stock price, so they can get their bonus. Doesn't matter what happens to the company long term or the workers. Many workers in the previous century were treated more like partners not cattle. We are going back to the sweatshop model of employment in this country. Long hours, very few if any benefits, for low pay and little room for advancement.

Speaking of pensions, Lucent (RIP) had a 400 million pension dollar plan. Executives said that they had to eliminate it to keep the company afloat and then turned around and gave themselves a 400 million dollar bonus. Is this the way we should do business? We have always had greed but what has changed is just how greedy our elite have become. Corporations are contributing less to taxes and someone has to pick up the slack. As far as a flat tax, that's great if you are rich and you don't use most of your disposable income on things like food and utilities.

As I mentioned before almost entirely all the gains from this so called recovery when to the top one percent. This is what I'm talking about. This is not how recoveries have worked in the past. During the SL crisis there were hundreds if not thousands of bankers perp walked and given jail terms. No major exec has even been indicted for the massive fraud that went on. You think JP Morgan is paying those tens billions of dollars in fines, repeatedly, for late parking tickets? Our economy wasn't dominated by the financial services industry as it is now. Makes for bad policy.

NardDogNation wrote:

Nalod wrote:Good take Jrod.

The rich have been phuching over the little man since the beginning of time. What else is new!

PUt away 8%-10% of what you make into savings plans such as IRA, 401(k), Roth IRA, and other when your 25 years old and watch it grow. Stay out of debt and live within your means.

Wars, scandels, and other scarey things will come and go. Life is difficult and roll with it. Keep the car payments low, house payments reasonable and save. Then your money makes money.

Thats how it works here. Wall St will phuch you. You pay taxes, then the Gov't bails out banks, then you buy bank stocks and make it back. Gov't bails out GM or Chrysler back in the day. Put your money with the Gov't, its easy.

Capitalism does not work without banks and insurance companies. Simple.

Understand Market cycles. ITs not hard. Understand patience. Its not hard. Don't get emotional with all the news thats distributed. Read Playa2's stuff and don't be like that. Its wasted energy.

Learn to fix things. learn to enjoy life. Get health insurance and eat vegatables. Don't smoke. Don't buy vacataton homes unless you can pay cash for it. If rental property, make sure it covers itself. Don't buy season tickets to sport teams.

YOu do all this your food will taste better, your kids won't be nuts, you'll sleep, be healthy and most important have better sex!

Cuz all I want is to fix the world a little at a time, enjoy my toys, sleep, and get laid.

Nalod works for a wall st. firm by the way. Hating us is like hating your parents. One day your the adult and have to act like one.

People still risk their lives to come live here. Its not perfect, but where is Nirvana these days? Australia? Belize? Grand Caymen? Nice places but they only want you if you bring money.

So precedent makes the practice right? Beside the point, are you aware that American wages have all stagnated while the cost of living is continuing to increase? Disposable income is becoming a thing of the past, so I think your plan is grossly unrealistic and even insulting.

that's the victim mentality you have

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

Nalod wrote:Good take Jrod.

The rich have been phuching over the little man since the beginning of time. What else is new!

PUt away 8%-10% of what you make into savings plans such as IRA, 401(k), Roth IRA, and other when your 25 years old and watch it grow. Stay out of debt and live within your means.

Wars, scandels, and other scarey things will come and go. Life is difficult and roll with it. Keep the car payments low, house payments reasonable and save. Then your money makes money.

Thats how it works here. Wall St will phuch you. You pay taxes, then the Gov't bails out banks, then you buy bank stocks and make it back. Gov't bails out GM or Chrysler back in the day. Put your money with the Gov't, its easy.

Capitalism does not work without banks and insurance companies. Simple.

Understand Market cycles. ITs not hard. Understand patience. Its not hard. Don't get emotional with all the news thats distributed. Read Playa2's stuff and don't be like that. Its wasted energy.

Learn to fix things. learn to enjoy life. Get health insurance and eat vegatables. Don't smoke. Don't buy vacataton homes unless you can pay cash for it. If rental property, make sure it covers itself. Don't buy season tickets to sport teams.

YOu do all this your food will taste better, your kids won't be nuts, you'll sleep, be healthy and most important have better sex!

Cuz all I want is to fix the world a little at a time, enjoy my toys, sleep, and get laid.

Nalod works for a wall st. firm by the way. Hating us is like hating your parents. One day your the adult and have to act like one.

People still risk their lives to come live here. Its not perfect, but where is Nirvana these days? Australia? Belize? Grand Caymen? Nice places but they only want you if you bring money.

So precedent makes the practice right? Beside the point, are you aware that American wages have all stagnated while the cost of living is continuing to increase? Disposable income is becoming a thing of the past, so I think your plan is grossly unrealistic and even insulting.

that's the victim mentality you have

No, those are opinions that can be substantiated by facts. If you have facts that can counter these sentiments, then feel free to submit them; they would be welcomed. If you're going to talk about your feelings and emotions again in spite of scholarly fact, then lets save ourselves the time and not bother with subsequent responses.

they're excuses

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

Nalod wrote:Good take Jrod.

The rich have been phuching over the little man since the beginning of time. What else is new!

PUt away 8%-10% of what you make into savings plans such as IRA, 401(k), Roth IRA, and other when your 25 years old and watch it grow. Stay out of debt and live within your means.

Wars, scandels, and other scarey things will come and go. Life is difficult and roll with it. Keep the car payments low, house payments reasonable and save. Then your money makes money.

Thats how it works here. Wall St will phuch you. You pay taxes, then the Gov't bails out banks, then you buy bank stocks and make it back. Gov't bails out GM or Chrysler back in the day. Put your money with the Gov't, its easy.

Capitalism does not work without banks and insurance companies. Simple.

Understand Market cycles. ITs not hard. Understand patience. Its not hard. Don't get emotional with all the news thats distributed. Read Playa2's stuff and don't be like that. Its wasted energy.

Learn to fix things. learn to enjoy life. Get health insurance and eat vegatables. Don't smoke. Don't buy vacataton homes unless you can pay cash for it. If rental property, make sure it covers itself. Don't buy season tickets to sport teams.

YOu do all this your food will taste better, your kids won't be nuts, you'll sleep, be healthy and most important have better sex!

Cuz all I want is to fix the world a little at a time, enjoy my toys, sleep, and get laid.

Nalod works for a wall st. firm by the way. Hating us is like hating your parents. One day your the adult and have to act like one.

People still risk their lives to come live here. Its not perfect, but where is Nirvana these days? Australia? Belize? Grand Caymen? Nice places but they only want you if you bring money.

So precedent makes the practice right? Beside the point, are you aware that American wages have all stagnated while the cost of living is continuing to increase? Disposable income is becoming a thing of the past, so I think your plan is grossly unrealistic and even insulting.

that's the victim mentality you have

No, those are opinions that can be substantiated by facts. If you have facts that can counter these sentiments, then feel free to submit them; they would be welcomed. If you're going to talk about your feelings and emotions again in spite of scholarly fact, then lets save ourselves the time and not bother with subsequent responses.

they're excuses

How profound.

it really is, you just can't see it yet

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

Nalod wrote:Good take Jrod.

The rich have been phuching over the little man since the beginning of time. What else is new!

PUt away 8%-10% of what you make into savings plans such as IRA, 401(k), Roth IRA, and other when your 25 years old and watch it grow. Stay out of debt and live within your means.

Wars, scandels, and other scarey things will come and go. Life is difficult and roll with it. Keep the car payments low, house payments reasonable and save. Then your money makes money.

Thats how it works here. Wall St will phuch you. You pay taxes, then the Gov't bails out banks, then you buy bank stocks and make it back. Gov't bails out GM or Chrysler back in the day. Put your money with the Gov't, its easy.

Capitalism does not work without banks and insurance companies. Simple.

Understand Market cycles. ITs not hard. Understand patience. Its not hard. Don't get emotional with all the news thats distributed. Read Playa2's stuff and don't be like that. Its wasted energy.

Learn to fix things. learn to enjoy life. Get health insurance and eat vegatables. Don't smoke. Don't buy vacataton homes unless you can pay cash for it. If rental property, make sure it covers itself. Don't buy season tickets to sport teams.

YOu do all this your food will taste better, your kids won't be nuts, you'll sleep, be healthy and most important have better sex!

Cuz all I want is to fix the world a little at a time, enjoy my toys, sleep, and get laid.

Nalod works for a wall st. firm by the way. Hating us is like hating your parents. One day your the adult and have to act like one.

People still risk their lives to come live here. Its not perfect, but where is Nirvana these days? Australia? Belize? Grand Caymen? Nice places but they only want you if you bring money.

So precedent makes the practice right? Beside the point, are you aware that American wages have all stagnated while the cost of living is continuing to increase? Disposable income is becoming a thing of the past, so I think your plan is grossly unrealistic and even insulting.

that's the victim mentality you have

No, those are opinions that can be substantiated by facts. If you have facts that can counter these sentiments, then feel free to submit them; they would be welcomed. If you're going to talk about your feelings and emotions again in spite of scholarly fact, then lets save ourselves the time and not bother with subsequent responses.

they're excuses

How profound.

it really is, you just can't see it yet

Yeah, that must be it lol.

oh boo hoo, wages have stagnated, meanwhile you have more millionaires than ever walking around,

gee why is that? oh because you have the best business environment in the world right in your back yard, sucka free sundae, ya heard???!?

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

IronWillGiroud wrote:

NardDogNation wrote:

Nalod wrote:Good take Jrod.

The rich have been phuching over the little man since the beginning of time. What else is new!

PUt away 8%-10% of what you make into savings plans such as IRA, 401(k), Roth IRA, and other when your 25 years old and watch it grow. Stay out of debt and live within your means.

Wars, scandels, and other scarey things will come and go. Life is difficult and roll with it. Keep the car payments low, house payments reasonable and save. Then your money makes money.

Thats how it works here. Wall St will phuch you. You pay taxes, then the Gov't bails out banks, then you buy bank stocks and make it back. Gov't bails out GM or Chrysler back in the day. Put your money with the Gov't, its easy.

Capitalism does not work without banks and insurance companies. Simple.

Understand Market cycles. ITs not hard. Understand patience. Its not hard. Don't get emotional with all the news thats distributed. Read Playa2's stuff and don't be like that. Its wasted energy.

Learn to fix things. learn to enjoy life. Get health insurance and eat vegatables. Don't smoke. Don't buy vacataton homes unless you can pay cash for it. If rental property, make sure it covers itself. Don't buy season tickets to sport teams.

YOu do all this your food will taste better, your kids won't be nuts, you'll sleep, be healthy and most important have better sex!

Cuz all I want is to fix the world a little at a time, enjoy my toys, sleep, and get laid.

Nalod works for a wall st. firm by the way. Hating us is like hating your parents. One day your the adult and have to act like one.

People still risk their lives to come live here. Its not perfect, but where is Nirvana these days? Australia? Belize? Grand Caymen? Nice places but they only want you if you bring money.

So precedent makes the practice right? Beside the point, are you aware that American wages have all stagnated while the cost of living is continuing to increase? Disposable income is becoming a thing of the past, so I think your plan is grossly unrealistic and even insulting.

that's the victim mentality you have

No, those are opinions that can be substantiated by facts. If you have facts that can counter these sentiments, then feel free to submit them; they would be welcomed. If you're going to talk about your feelings and emotions again in spite of scholarly fact, then lets save ourselves the time and not bother with subsequent responses.

they're excuses

How profound.

it really is, you just can't see it yet

Yeah, that must be it lol.

oh boo hoo, wages have stagnated, meanwhile you have more millionaires than ever walking around,

gee why is that? oh because you have the best business environment in the world right in your back yard, sucka free sundae, ya heard???!?

And those millionaires only represent a fraction of 1% of the country. So you're logic is that because these people are doing extraordinarily well, that the other 99% of the country is too? The reality of the situation is that the bulk of Americans are struggling and it isn't from a lack of trying. Productivity in our country is at record heights (I hear that it is up as high as 97% since the 70s) and we still rank ahead of all industrialized countries in terms of how many hours our citizens work per week. In spite of that, we are ranked the 3rd worst in terms of social mobility among these peers ( http://ttp://www.moneynews.com/Economy/US-social-mobility-country/2013/12/12/id/541412 ). And yet, our cost of living has continued to increase at a steady pace ( http://www.brookings.edu/research/reports/2013/06/13-facts-higher-education ). This is reality and not the bubble you live in.

huh? i think you're in the bubble. everyone earns what they're worth.