Occupy Wall Street Fail

petros

The Central Scrutinizer
Nov 21, 2008
117,844
14,419
113
Low Earth Orbit
I was going to hold a party but can no longer afford to.

Long and short of it is I invested in the stock market. **** happens. I could have kept it in my mattress.
But you got greedy and trusted someone to make you more but they failed and lost your money didn't they? Did they lose it honestly or in ways that were shady and deceptive?
 

EagleSmack

Hall of Fame Member
Feb 16, 2005
44,168
96
48
USA
Your cynicism fails to slice through the obvious. The concept of wealth redistribution relies on a voluntary adherence to some form of social contract. Theft is a violation of this social contract.

Do young children in public school steal their education because they didn't earn it? Of course not. They are the beneficiaries of a system where the sum of individuals choose to put their financial resources in common in order to invest in society as whole. That's some form of wealth redistribution. Health care follows the same logic.

Do you need more explanations?

I do hear what you are saying. But voluntary? I think not. Nobody is going to volunteer to give up a great portion of their wealth. I doubt multi-millionaires, (like many of the Occupy Wall St. supporters are) are going to give up their wealth or any portion of their wealth that will effect their life style. That includes liberal /progressives.

From what I hear from Occupy Wall St. is much more than voluntary adherence. There are so many ways to give up your earnings on a volunteer basis. Why have they not done so already?
 

Locutus

Adorable Deplorable
Jun 18, 2007
32,230
47
48
66
More metal midgets hollering, swearing, drooling and painting themselves in a bad light.




As Stossel told Bill O’Reilly, he thought he would agree with the protesters on some things being that he is not thrilled with how some big banks have been treated. However, he was never able to get a word in during the discussion with the angry mob who only wanted to shout him down.
Chanting “Shame on you,” and bellowing accusations of corruption and lies at Fox News, the footage shows that protesters would not respond to Stossell’s request for examples to back their wild claims.
“How am I corrupt,” asked Stossel to one foul-mouthed, young occupier.
“Your whole station is corrupt,” answered the protester.
Stossel was then only able to get off “how” before the mob drowned out the individual protester’s opinion that Stossel was a “puppet.”




The O'Reilly Factor - Bill O'Reilly - Fox News


Stossell Shouted Down in Occupy Wall Street | Video | TheBlaze.com
 

IdRatherBeSkiing

Satelitte Radio Addict
May 28, 2007
15,275
2,903
113
Toronto, ON
But you got greedy and trusted someone to make you more but they failed and lost your money didn't they? Did they lose it honestly or in ways that were shady and deceptive?

I was trying to maximize my return. I do not believe they tried to lose money as it would certainly discourage other investors from investing their money with them.

So you are suggesting I get mad and sit in the companies head office and demand them to restore my money? Or perhaps redistribute it to those who haven't worked a day in their life?
 

EagleSmack

Hall of Fame Member
Feb 16, 2005
44,168
96
48
USA
Oh c'mon ES. Are we really accepting these equivocations as reasonable now?

I know this is a Locutus thread, but let's bring the quality control up a notch.

Well there is a bit of satire in what I posted. Karma as well. Theft is never reasonable. But you must admit there is an underlying current of seizure of other people's earnings to distribute to people who have less.
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
I was trying to maximize my return. I do not believe they tried to lose money as it would certainly discourage other investors from investing their money with them.

So you are suggesting I get mad and sit in the companies head office and demand them to restore my money? Or perhaps redistribute it to those who haven't worked a day in their life?

I think if we're to look at this pragmatically, we start with the taxes on the rich and corps and go from there.

If you want a stronger cut, then we begin to make assessments on what constitutes a fair profit - but that is a process that requires a lot of brainstorming and analysis. That could take time.

Well there is a bit of satire in what I posted. Karma as well. Theft is never reasonable. But you must admit there is an underlying current of seizure of other people's earnings to distribute to people who have less.

You have to look at it on a macroscopic level.

The economy requires consumers to sustain itself. If consumers are gone and resources go to waste, then the economy goes to s hit. So, at some point, any sustainable society needs a redistribution of wealth or it ends up as muck for all of us.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,844
14,419
113
Low Earth Orbit
Not unless it's rock solid!
Of course. It's not a greed based system but one that plays on the greed of others and I'm in no way obligated to pay what I said I would or even have to return the principle if I lose it. Are you in?
 

IdRatherBeSkiing

Satelitte Radio Addict
May 28, 2007
15,275
2,903
113
Toronto, ON
Well name one thing you have done to prevent such incidents in the future?

What is there to do? Like I said **** happens. I have stayed the course knowing that only fools panick and sell into a Bear market. The Stock Market is like Vegas, sometimes you win, sometimes you don't.
 

EagleSmack

Hall of Fame Member
Feb 16, 2005
44,168
96
48
USA

That is a very TALL order Floss. Some of it I liked, in particular many execs still getting huge bonuses while receiving bail out money.

But being "illegally foreclosed" on? If you cannot pay your mortgage then you cannot afford to live in a house like that.

Putting a huge debt on post graduates for education which is their right? Since when is a college education a right? Going to college is a choice. There are plenty of options after high school. The trades, mechanics, the military, etc. It is the students who chose to go to college and to the college of their choosing. Wall St didn't force them to take out massive loans. Why should these loans simply be forgiven? Will I get retro forgiveness on mine?

Perhaps banks should only give student loans to only those with the means to pay? How do you think that would work out? Can you imagine the S***Storm that would create? What would be the point of loaning money if you're not going to get it back?
 

IdRatherBeSkiing

Satelitte Radio Addict
May 28, 2007
15,275
2,903
113
Toronto, ON
I think if we're to look at this pragmatically, we start with the taxes on the rich and corps and go from there.

If you want a stronger cut, then we begin to make assessments on what constitutes a fair profit - but that is a process that requires a lot of brainstorming and analysis. That could take time.



You have to look at it on a macroscopic level..

Although my funds are inside RRSPs and are not taxed NOW, they will be taxed when I retire and access this money. Certainly taxing personal profit takes away the insentive to generate profit. It also discourages any risk if you take away the promise of profit. Why would I risk my investment to market 'whims' if I either lose money or have my profits taxed away?

It's not as simple as the hippies make it out to be.

**** doesn't just happen. Are you going to spend the rest of your life biting the pillow?

Biting a pillow?

You plays the market, you takes your chances.