Quote:
Originally Posted by Robbie
I would have thought that more people would have known that. But I guess if none of them actually make any money to speak of it wouldn't have occurred to them.
The "99%" name is catchy. That's why it caught on. But you're right...it's factually not a real representation of what they are protesting.
I'm not even sure if theoretically they are protesting "rich people" at all.
Aren't they really against banks and big corps who fucked over the economy with back door deals gone bad?
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My understanding of the movement and what I am in agreement with and support is they're after the folks that create exotic financial products where the wall st. company can't fail but everybody else can. Or how corporations can now dump millions or a billion into a campaign. Or how lobbying can get you things not in interest of the people. Bailouts for wall st. paid for by main st. when main st. didn't get one. Why did anybody get one? How did we let it get to too big to fail?
Getting rich because you have something people want (Apple and Starbucks) more power to them, including their billionaire founders.
When you have the oldest most respected people on the street complaining that they have people on staff creating financial products they can't even comprehend as an experienced and respected money man... we have a problem.
On my phone and I could go on and on, but I am sure you get the drift.