If memory serves, the super-rich (i.e., incomes over $250,000) were supposed to pay the bills being run up by big spenders in Washington. The rich’s taxes would go up, they’d be OK with it, and everything would be okey-dokey. That was the plan, anyway.
(Memory certainly DOES serve that the people in our nation’s highest income brackets gave overwhelmingly to Democrats in the last two national elections. I guess Karl Rove’s telepathic commands to them weren’t getting through).
Well…does THIS guy sound like he’s ready and willing to pay higher taxes, to cover the costs of the explosion in federal spending we’ve seen in the past two years? (This e-mail from a Wall Streeter went viral a few weeks ago, so some of you have seen it already).
“We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards if it were profitable. I didn’t hear America complaining when the market was roaring to 14,000 and everyone’s 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I’ve never heard of anyone going to Gamblers Anonymous because they won too much in Vegas. Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything. Well, here we are.
There’s been lots of scapegoating recently of businesses, the Chamber of Commerce—you know, people who actually create wealth instead of redistribute it.
Something tells me the folks in the business world are starting to get a wee bit tired of taking it…and they have a plan for what they’ll dish out in response.
Go ahead and continue to take us down, but you’re only going to hurt yourselves. What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’re going to take yours.
I’ll bet SEIU members blanched a bit when they read that.
We get up at 5am and work till 10pm or later. We’re used to not getting up to pee when we have a position. We don’t take an hour or more for a lunch break. We don’t demand a union. We don’t retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we’ll eat that.
I do have a drastically different opinion than our raging trader does, when it comes to teachers:
For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We’re going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and a half. I’ll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.
Something tells me that Gordon Gekko Jr. here has never actually been a teacher before. Otherwise, he wouldn’t make light of what they do. A high-school friend of mine is a biology teacher. He told me about his first year or two on the job, when he had to build all his lesson plans from scratch. He said he wouldn’t wish that kind of pain on his worst enemy.
Methinks that Gordon is lashing out at unionized labor in general….which has been demonizing the business and finance communities pretty aggressively recently. (Who does Big Labor think is going to bail out their underfunded pension funds? George Soros and Hollywood?)
So now that we’re going to be making $85k a year without upside, Joe Mainstreet is going to have his revenge, right? Wrong! Guess what: we’re going to stop buying the new 80k car, we aren’t going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We’re going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.
The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it’s really going to hurt like hell for them when our fat a**es land directly on the middle class of America and knock them to the bottom.
We aren’t dinosaurs. We are smarter and more vicious than that, and we are going to survive.
John Kass, Chicago Tribune columnist, came up with a clever catchphrase for all the euphoria America’s elite was feeling during the 2008 election: “Hopium.”
Sounds as if the Hopium is wearing off on Wall Street.