Quote:
Originally Posted by Profits of Doom
Admittedly I haven't bothered watching the video or reading most of this thread, but I'm drinking tonight and feel the need to rail on the OWS idiots. If the movement was simply about the scumbag banks and auto companies that took huge bailouts and then continued to pay out ridiculous bonuses, or the inside trading shitbags on Wall Street, then I could absolutely get behind that. I'll never understand how one can be bailed out for being a shitty businessman and failing.
But protesting against those that make over $300,000 a year, or the so called 1%, is just plain idiocy. Why should someone be penalized for busting their ass and carving out their slice of what is supposed to be the American dream? It really makes me fucking sick...
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you have a point.
i am not sure what the 1% stands for, but i fail to see why he is included.
150 people is not a huge firm. and if he owns it, its his business (excuse the pun) what he does.
its the banks who were bailed out but still paying huge execative wages and bouses thats the problem. thats not capatilim, thats comuism, in the fact the market force has no bering on what they do as they are protected.
the banks should have been alowed to fail. but the problem was, they all have protection with other banks. they pay a sort of insurance to other banks. the idea being if you make a less, the bank you pay bails you out. however the losses were so huge it would have meant the banks could not afford to cover the costs, so in turn every bank would fail. so it was seen as the only option was to bail them out in both usa and uk.