Private sector Jobs is whats needed. You can't derive taxes from your self. If you pay your kids to mow the lawn it still comes from your pocket. they won't come back and buy lemonade from you. But if you pay the lawn company and they use your tax services you at least get something back. The private sector is the key to start this come back. 2 million new people on wall street by opening 30 new large firms would do the trick. A new Lehman, a new bear stearns, a new XXXX. There are trillions on the side lines and much more off shore. When they give the tax holiday where do you think things are going. Irationale exhuberance - Sorry for the spelling- Is the two words that caused all of this. Sell high and buy low. By the way most traders work of a commission structure anyway. if the money came back to wall street on tuesday there wouldn't be enough advisors to handle it. Win Win
I'm for anything that, in an objective and measurable manner, shows these people they aren't nearly as smart as they think they are. The Left's self-aggrandizement as to its own intelligence is one of the biggest obstacles to political compromise in this country. If you believe, sincerely, that you are infinitely more intelligent than those who oppose you, why would you ever move off of your policy preference into a policy preference representing a legitimate compromise? You wouldn't. Hence the Left's intransigence. Giving them a bunch of Wall Street jobs and telling them only the most clever people can beat the market and watching them fail to do so might be just the trick to show them they ain't all that.
Are you for real?... you obviously don't get it do you And the money is going to come from some mystical money tree? Every dollar Congress injects to into the economy thru stimulus must first be taxed or borrowed OUT OF THE ECONOMY, therefore no new spending power is created. IT IS MERELY REDISTRIBUTED FROM ONE GROUP TO THE OTHER !!!! ...IT DOES NOT WORK !!! To put in simply: Removing water from one end of a swimming pool and pouring it in the other end will not raise the overall water level. Similarly, taking dollars from one part of the economy and redistributing it to another part of the economy will not expand the economy. PERIOD !!
You are completely right!!! This is the concept behind letting the private sector do private things like make money and pay taxes. I never saw a government office pay taxes yet. Do they even pay property taxes? Maybe they should be taxed? (I just went off the cliff> WOW) Cut the government office hours and no more overtime and hire part time employees to fill the Gap. I would like to see some Part time police men who only work weekends. Commission based employment is the way back to prosperity where an effort is rewarded and that is the major concept behind Wall street. Eat what you earned. No one says a CEO who made a company money shouldn't get paid but a CEO that lost money should not be paid because the job was not done right. Its once again sexy to say I work on Wall Street at a BAR. YOU are now dangerous! LOL
you just don't get it, if the government takes money from you and gives it to me it works very well for me, and I start expanding the economy around me which is apparently something you are doing a very shitty job of at the moment.
to put it more simply since you seem to have a difficult time comprehending the value of wealth redistribution, I'm not that rich, yet I spend more on beer and cigarettes than Warren Buffet and Bill Gates combined, and there's plenty more just like me out here, so they don't seem to be doing much to stimulate the economy with their billions so why not give it to us? In a very short time we could generate enough tobacco tax to bailout most of the states that are on the brink of insolvency. Not to mention the benifit to all the C store owners who now will also be paying increased taxes. I agree, spending money on infrastructure is just robbing Peter to pay Paul, but you spend that money at the liquor store and the whole community benefits. It should be obvious, you give all those OWS kids beer and pot money and they would go home and the businesses in that neighbor hood could resume business as normal, or maybe even a little better, because people would go there to see where it all happened.
Socialism, or at least a much more social based economy. This is basically what Sweden and Austria have going and it's quite productive. The OWS people are pissed because they realize the system is only benefiting those at the top and whether it happens now or later, things will be changed in the states when the majority of people want it.
well that would require them to use their brain cells and work, something they are uncapable or unwilling to do. it's a hell of a lot easier to gather in a park, smoke weed and bang on drums than to work for a living. if they really wanted to work, they could move to those resource-rich states with absurdly low unemployment, where anyone with a pulse can get a job. it's obvious they are not interested in working.
I live in New York and have worked in Wall Street for over 20 years and many of my elder colleagues were part of the last pot smoking drug banging crowd and they have done well. People see the OWS movement as a waste of time but lets say that they saved us the $5 fee from the banks. Also they are bringing exposure to an industry that is full of corruption. If you only knew! You may not agree with the tactics but the exposure will bring about change. If the banks stayed out of the investment market and they reinstated Glass Steagel then we can bring about stability. Banks should stay out of the risk market. Work is work. Wall street is a career... Anyone on wall street that is successful will tell you its a great place to spend a few hours a day. These are tomorrows leaders listen to what they have to say whether you like it or not.
well obviously, since all of those protesters have the money/resources to just up and move to another state. in which states is it absurdly easy to get a job anyways?