Any of you hippies protest at Wall Street?

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Sep 29, 2004
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And people tend to forget that those people on Wall Street. Charlie Munger (look him up) said that the talent to reward ratio is not any most lopsided on Wall Street.

Wall Street has gotten exceedingly good at getting themselves in between two parties that want to make a deal while reaping huge ass commissions. Warren Buffett buys companies for billions of dollars. He writes the contract. It is only a few pages long. There is no middle man. Point being, it does not take millions.

Also, mutual funds, etc as a whole are a failure to the typical investor. Fund managers (making hundreds of millions a year in some cases) participate in a zero sum game while charging charging clients retardedly high commissions.
 
Sep 29, 2004
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There are always federal loans (6.8%) - it actually works as an incentive to pick a useful major for most people. If you have to borrow 50K for a decent school, most people will think twice about what kind of job they'll need to pay it.
Most people is not all people. And if you think that all people pick majors in that manner, you are out of touch with reality.

If people only picked cost effective majors, we would only have engineers and patent attorneys graduating from college.

If people did not pick music because it is typically not cost effective, we would not have bands like Phish (simple fact).
 
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halik

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Oct 10, 2000
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Most people is not all people. And if you think that all people pick majors in that manner, you are out of touch with reality.

If people only picked cost effective majors, we would only have engineers and patent attorneys graduating from college.

If people did not pick music because it is typically not cost effective, we would not have bands like Phish (simple fact).
Well that's the whole idea - if you want to do social work or something, spending 200K at NYU probably isn't a good idea. That's got nothing to do with anyone, but the person that made that decision.

College is expensive, kids are expensive... again better think twice before having a bunch of kids. Especially if you want to put them through school.
 

artikk

Diamond Member
Dec 24, 2004
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I just love how some people try to delegitimize the movement by calling them hippies. Most of the critics are of the sort that don't give a fuck once they got theirs.
 
Sep 29, 2004
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Well that's the whole idea - if you want to do social work or something, spending 200K at NYU probably isn't a good idea. That's got nothing to do with anyone, but the person that made that decision.

College is expensive, kids are expensive... again better think twice before having a bunch of kids. Especially if you want to put them through school.
Fact:
1) Expensive colleges exist
2) all colleges have some majors that result in lower paying jobs
3) the population will fill all available slots for college freshman
4) People from all walks of life will become college freshman

You're being idealistic. To be on topic, if we did something like add more tax brackets for the wealthy, it would make college for the "995ers" a more realistic option. Not taxing the wealthy more is effectively a tax on lower wage earners.

Exiting P&N ... I hate this place.
 
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halik

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Oct 10, 2000
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Fact:
1) Expensive colleges exist
2) all colleges have some majors that result in lower paying jobs
3) the population will fill all available slots for college freshman
4) People from all walks of life will become college freshman

You're being idealistic. To be on topic, if we did something like add more tax brackets for the wealthy, it would make college for the "995ers" a more realistic option. Not taxing the wealthy more is effectively a tax on lower wage earners.

Exiting P&N ... I hate this place.
I don't see why you'd want to universally subsidize the lower paying jobs via college tuition. If anything this country needs to more engineers, CS kids and scientists, rather than BA in film or english.
 

dwell

pics?
Oct 9, 1999
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I just love how some people try to delegitimize the movement by calling them hippies. Most of the critics are of the sort that don't give a fuck once they got theirs.
What would you call those pieces of shit in that video?
 

Painman

Diamond Member
Feb 27, 2000
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I don't see why you'd want to universally subsidize the lower paying jobs via college tuition. If anything this country needs to more engineers, CS kids and scientists, rather than BA in film or english.
You sound just like a "Communist".
 

Ninjahedge

Diamond Member
Mar 2, 2005
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Again the middle ground is ignored or labeled incorrectly as a far left agenda.

If the issue can't be discussed WITHOUT using "fuck", "Hippie" or other derogatory terms, then it is not a discussion, it is a rant. Rants are not known for their logical assessment of the issue and often just express not only the feelings of the poster towards the topic of discussion, bot OTHER topics that bear no connection other than a similar "feeling".

Siting those that may actually HAVE money, but are protesting, as a sign that the terms are illegitimate is an absolute sham. Wow, someone has a laptop. So that means that if you are unemployed, or you get out of college and can't find work you need to sell your 3 year old machine to become a legitimate protester?

Let me answer that for you. No, It doesn't.

Again, when the issues need to be danced around and the majority of criticism lands on what people wear, or what they are typing on, it is a sign that those raising the criticism do not have much solid ground to argue on.

Instead of solution makers they are merely naysayers that want to keep the playing field, where they still maintain an advantage, the same (even if it means their eventual downgrading as well).

So be it. And not to bring Nazi Germany into this, but as an example, the same was done for different reasons and a different end in mind there too. They started small, and kept moving up the line. If they had tried to instantly declare all of Judaism "illegal" and take millions of Jews into captivity at the same time, it would never work. But piece by piece they were able to capture and kill the millions because they did it slowly enough to not raise the ire or suspicion of their neighbors. When it was the neighbors turn, there was nobody left to cry out for them, and so the process continued.

So how much burden can the wealthy keep shrugging off onto the shoulders of the diminishing middle class before there is really no appreciable middle class to speak of?

What we need is not an elimination of the class system itself, but means to ensure that the distribution remains stable. that we do not get a 1%/99% disparity and try to get back to more of a strait line than a distended exponential curve when it comes to the distribution of wealth in America.
 

dwell

pics?
Oct 9, 1999
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If the issue can't be discussed WITHOUT using "fuck", "Hippie" or other derogatory terms, then it is not a discussion, it is a rant.
That's bullshit.

So be it. And not to bring Nazi Germany into this, but as an example, the same was done for different reasons and a different end in mind there too.
Godwin's Law.

What we need is not an elimination of the class system itself, but means to ensure that the distribution remains stable. that we do not get a 1%/99% disparity and try to get back to more of a strait line than a distended exponential curve when it comes to the distribution of wealth in America
Sounds good on paper. Then again, so did communism.
 

Ninjahedge

Diamond Member
Mar 2, 2005
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Nothing anybody posts in a political thread means what they think it means.

95% of it is intended as an insult as accurate as birdshot at range.
 

Patranus

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Apr 15, 2007
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What we need is not an elimination of the class system itself, but means to ensure that the distribution remains stable. that we do not get a 1%/99% disparity and try to get back to more of a strait line than a distended exponential curve when it comes to the distribution of wealth in America.
First off, America doesn't have a class system and that is what makes it the greatest country on the planet.

Secondly, this 1% argument is like a sports statistic. This QB has a QB rating of 125 at home on a Monday when playing from behind by 7 points in the 3rd quarter in the rain.
 

PimpJuice

Platinum Member
Feb 14, 2005
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First off, America doesn't have a class system and that is what makes it the greatest country on the planet.

Secondly, this 1% argument is like a sports statistic. This QB has a QB rating of 125 at home on a Monday when playing from behind by 7 points in the 3rd quarter in the rain.
You are a moron. Nothing you ever say makes any sense.
 

OverVolt

Lifer
Aug 31, 2002
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Sounds good on paper. Then again, so did communism.
The high wealth gap can seem justified on paper. Then again it didn't turn out very well in 1927.

Things literally cannot continue like this. The upper class is evaporating the middle class. We are headed towards an aristocracy which really shouldn't exist in a democracy. I don't know how many times I've heard occupy wall street getting labeled as "anti-capitalist" but the mega corporations (like banks) that are borderline oligopolies at this point are the real anti-capitalism. If it was real capitalism, GM, potentially Ford, AIG, frannie and freddie, etc all would have collapsed. Hell even around here the utilities were deregulated, and they are blatantly a monopoly. Most 8th graders know about monopolies in capitalism and why they need regulation. (hint: they no longer serve the greater good, and fail to meet optimal supply and demand) There is just a complete lack of common sense all the way up the government chain. Too big to fail is clearly too big to exist, and having firms with that much power goes against the greater good of the country and that is exactly the cue for the government to step in.

We really can't let them turn us against each other. Unless you inherited a utility company or something you should be in the fight for the middle class. I know there are many people aged high 20's low 30's who squeezed through the tail end of the college bubble perfectly fine and are just cutting and running pretending the problem doesn't effect them but it eventually will if it is ignored. So the ones calling occupy wall street a bunch of hippies are just ignorantly sipping at starbucks meanwhile massive defaults are still rippling from the bottom up, so just wait for your turn.

http://www.msnbc.msn.com/id/44885991/ns/business-real_estate/#.TpcWMZsr2so

And the defaults do effect everyone. Even if YOU don't default your house value takes a haircut. The more house prices fall, the more mortgages are then underwater. It's ridiculous. Then the banks have to write off the loss somehow, and the government already used your tax money for that one. Even one worse AIG had insured the mortgages and had to write off a ridiculous sum, which would have probably vaporized AIG, but again, whatever, your tax money.

More: http://www.warriorforum.com/blogs/winfotech/957-aigs-role-worldwide-financial-crisis-according-porter-stansberry.html

Can't vouch for the source but it concurs with everything else I read so meh.
 
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FoBoT

No Lifer
Apr 30, 2001
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fobot.com
OverVolt makes a good point, any 'corporation' that gets government help, via bailouts (GM, etc) or govt backed loans (Sylindra, etc) or is a pseudo govt agency/company like Fannie/Freddie , can't be considered true Capitalism
 

HybridSquirrel

Diamond Member
Nov 20, 2005
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was at the occupy denver bullshit this morning (actually was at the court house where they just happened to be)

Bunch of smelly hipster bike messengers, drinking starbucks, wearing america apparel, vans, and smoking cigarettes.


Yep, they sure hate corporate america....
 

Oyeve

Lifer
Oct 18, 1999
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was at the occupy denver bullshit this morning (actually was at the court house where they just happened to be)

Bunch of smelly hipster bike messengers, drinking starbucks, wearing america apparel, vans, and smoking cigarettes.


Yep, they sure hate corporate america....
At least your stinky hippies arent as stinky as NYC hippies, they are going on a month now. The mayor said last night that they have to move tomorrow because they need to clean the park.

Maybe they should "Occupy" a freaking bathtub.
 

Ninjahedge

Diamond Member
Mar 2, 2005
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First off, America doesn't have a class system and that is what makes it the greatest country on the planet.
You are serious, aren't you.

It has a class system, it just does not call it as such. Tell me the next time an "Average Joe" is allowed into a private country club, especially sans referrals....

Secondly, this 1% argument is like a sports statistic. This QB has a QB rating of 125 at home on a Monday when playing from behind by 7 points in the 3rd quarter in the rain.
Um no, it is not. It is a broad spectrum appellation to try to make it more potable. You start talking about the difference in COL, comparing it to spreads 20 years ago and track the standard deviation of wealth and its distribution among....zzzzzzzzzz

You get the point. You say that 1% earn X% of the money (and that is grossly disparate from what MANY feel is an "even distribution") and compare it to the same stat from 20 years ago, you get a simple mode of comparison that many will understand and anyone can soundbite.
 

Ninjahedge

Diamond Member
Mar 2, 2005
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Again, absolutely no contribution to the discussion.

People come in, talk actual issues, and the rejoinder is "Stinking smoking liberal hippies get a job".

No actual response to the reality of the situation.
 

Oyeve

Lifer
Oct 18, 1999
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Again, absolutely no contribution to the discussion.

People come in, talk actual issues, and the rejoinder is "Stinking smoking liberal hippies get a job".

No actual response to the reality of the situation.
Are you protesting for the cause anywhere? Or are you just blathering on ATOT? The majority of the people think the protestors are "Stinking smoking liberal hippies". And I agree. I see this crap first hand all day everyday since it started. And the beauty of it all is, its my freaking right to call them "Stinking smoking liberal hippies".
 

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