The Next 2008 is Happening Now ... private equity raiding the pension funds
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🚔 Crime & Central Banking 💸
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Money that is not earned through hard work, is dirty money.
Literally the dumbest thing I've ever heard of. So long as you're not rent seeking (THE LITERAL DEFINITION, not the stupid liberal socialist version), everything is fair money and not "dirty".
Just because work isn't physically hard, doesn't mean it's not hard. Can YOU run a multi billion dollar company and make all the hard decisions that come with it? It's not a lot of physical work but it most certainly IS hard work. Are accountant's and bag boys earning "dirty money" because their work isn't "hard"? What about fry cooks?
Difficult labor doesn't equal the only "fair" source of money. To say otherwise is ignorance.
As long as the money is coming from a legitimate source, and is being used in a responsible manner, it's "fair" money. Period, end of story. A white collar worker (no matter how high level) is earning the same "fair" money as any blue collar worker, so long as everything is on the up and up.
cathole953,
Have not seen you around GAW before, but your comments in this thread are 100% spot on.
Nice to see an honest defense of capitalism, and even private equity.
The movie "Wall Street" gave PE a bad name.
I've been on here around 4-5 years. I only really post or comment when I have something of value to say or knowledge that's applicable. Otherwise I'm a lurker.
Just so happens I'm rather knowledgeable of financial markets and systems.
Am I to assume that you are pro Wall Street? That's a big part of the problem. If you don't provide a service or product that people want, then that's dirty money. The stockholder is the problem. They don't do any of the work, yet they must be satisfied. Writing a check, is the easiest action there is.
You are so clueless that it is probably not productive to even discuss this topic with you.
Your level of ignorance is extreme.
Are you are Bernie Bro?
Ok, allow me to rephrase this. Money not generated through some type of labor (physical or mental) is not earned, it's stolen. My wife works in an air conditioned office. You couldn't pay me enough to do her job. I work in an auto parts plant, (Tier 1 supplier) and she would not do my job. My point is there's been far too much cheating going on.
Money is ALWAYS earned through labor and/or mental work.
Even Paris Hilton, who did nothing at all to get a bunch of money, had that money handed to her by someone who worked for it. It was his to give away as he pleased, even if you or I might think he made a bad decision.
But it was his decision to make with his own money, not yours.
Your jealousy gets you nowhere.
What does Paris Hilton, have to do with anything?