Originally posted by: alphatarget1
Originally posted by: JS80
it's really the same shit, different side of the coin. you can use that line to convince people to raise taxes. "come on help your country pay more taxes."
I don't think JFK really meant that. To me it meant hard work to improve lives of everyone. That obviously doesn't mean the wall street crew try to create money out of thin air and burning all of us in the process, or the welfare leeches that do nothing that contributes to society.
You can't compare the Wall Street people who were *partly* to blame for doing things bad for the country for greed, and most people on welfare.
Some people on welfare are acting greedil, but as much as you may not find it ideologically convenient, studies show most use it as intended, to get productive again.
Regardless, the humanitarian benefit of a few crumbs for the poor is not at all comparable to the high-end greed.
However, the blame isn't all on Wall Street - the *system* was flawed in allowing and rewarding these behaviors, and theree were competitive presssures to do them.
Those who don't take advantage of the opportunities are placed at a competitive disadvantage, and can lose market share if not go out of business.
It reminds me in a way of a type of farm journalist Sam Dolandson runs; it gets a government subsidy. Donaldson spoke out that the subsidy should be repealed - and was attacked for hypocrisy because he accepted it. At first it had the sound of 'scandal', and admittedly my first reaction was the wrong one that he was 'caught' - but think about it, and there's no hypocrisy - as he explained, he wants it repealed for everyone including himself, but while it's there for his competition, to be competitive he needs it too.
That's what's insidious about the lack of the government doing its role to regulate the system to serve society, responsibly profiting the firms, and preventing harmful business.
It's a big mess - government isn't perfect, and some excess in regulation may lead Wall Street into a tirade against over-regulation, leading to de-regulation,leading to the pendulum going too far the other direction and the most aggressive people leading the industry ino the ditch for society, even while some firms may see the problems and not want them happening - or perhaps they do and take the profit.
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