Yes, dear reader, we confess. We're one. We're members of the '1%' - the few, the lucky, the rich.
Well, we don't know if we really qualify for the top 1%...but we're surely in the top 10%.
If you believe the popular press reports, the top 10% are greedy sons-of-bitches who rigged the world financial system, soured its economy and ruined the lives of millions of decent, hardworking families.
Of course, there are benefits to being at the top. And not just the money. We live in better houses. We live longer. Our women aren't as fat and our men aren't as thick.
Besides, somebody's got to be at the top of the heap. But lately, the distance between the top and the bottom has stretched the socio-economic pyramid into a grotesque new shape, with the rich so far above the poor we can no longer smell their sweat or feel their pain.
Naturally, right thinking economists call for 'reform'.
http://www.insideinvestingdaily.com/art ... enter.html
The Cantillon Effect: Confessions of a One-Percenter
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MachineGhost
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The Cantillon Effect: Confessions of a One-Percenter
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: The Cantillon Effect: Confessions of a One-Percenter
Pretty cool. I'm always fascinated by peoples' inability to make the very next consequential leap in regulatory logic... That necessarily, to whatever extent you tighten regulation over business, you push business and government further into bed with each other.
We simultaneously loath "big business" on one hand, so we raise barriers that ONLY the biggest business can climb over. We punish businesses for not being big enough. And we unthinkingly solidify the position of the very biggest companies at the top!
We assume that the rich and "elite" (whatever that means) are immoral ...so we force a wedlock between them and politicians, whom we consider immoral.
We really are making our own bed, aren't we.
We simultaneously loath "big business" on one hand, so we raise barriers that ONLY the biggest business can climb over. We punish businesses for not being big enough. And we unthinkingly solidify the position of the very biggest companies at the top!
We assume that the rich and "elite" (whatever that means) are immoral ...so we force a wedlock between them and politicians, whom we consider immoral.
We really are making our own bed, aren't we.