Robert Munn <[email protected]> wrote:

>
> Our current system is in the process of self-destructing, pushed along
> perhaps by economic warfare from abroad as well as at home.
>

I read somewhere that in the 1950s the highest paid workers were doctors and
707 pilots; in other words, our society put a high value on keeping people
healthy and safely moving people for commerce.

Nowadays the highest paid people are those provide no value to society: Wall
Street.

Wall Street was designed to efficiently allocate our savings capital into
the best probability businesses that would further grow the economy.  Now
Wall Street gambles our capital, privatizing the winnings and socializing
the losses.

Income inequality is 100% created and driven by Wall Street.  We push our
best and brightest there, pay them extraordinary piles of cash to piss away
our savings, and then celebrate them for producing nothing.

If we want to fix income inequality we have to completely re-tool Wall
Street.

What a dissappoint Obama has been on financial reform and what an
opportunity he squandered because he was too frightened to be bold.


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