Occupy Wall Street

[quote]FightinIrish26 wrote:

Either way, they’re out there in the street pushing a populist agenda that the teabaggers couldn’t even fathom. It’s lovely. [/quote]

There’s nothing “populist” about their agenda. These folks have as much in common with the Common Man as I do with Kim Kardashian.

Being “angry at the Man” is juvenile romanticism, and it isn’t even viable after you are, say, nineteen. Most importantly, it isn’t a real political movement - it’s just spectacle designed to create a sugar high for the hipsters.

[quote]Sloth wrote:

Nah, I snuck into the midst of them by wearing a Che t-shirt and liberal splashes of patchouli oil.[/quote]

Don’t forget to wear your four-season Gore-Tex NorthFace jacket and iPhone. You got to have hipster cred, and nothing says “poor, dispossessed victim” like these accoutrements.

[quote]UtahLama wrote:

[quote]Jewbacca wrote:

[quote]UtahLama wrote:

[quote]ZEB wrote:
Are any of you complaining that the top 10% of income earners in America pay 70% of all income tax?

[/quote]

Normally I agree with you…but those top 10% employ an ARMY of CPA’s and Tax Attorneys…they make all sorts of moves to avoid paying the percentage of taxes that a 50-100K person does.
[/quote]

Whatever. I paid over $1,000,000 in estimated taxes this year already. Yeah, a lot of it at 15%. Salary at 38% just like everyone else. I started with no money, busted my ass, and now employ several hundred people at great wages, and produce stuff that people want.

I also work 6 days a week, 12-14 hours a day, certain holidays excepted, and have risked my health, life, wealth, etc, to get where I am. I worked with 1 toddler and 3 daughters in diapers, no mom, all in the “extra” office next to mine, where I also happened to live.

I could just fucking leave and go be rich and play with my new grandbaby*, but I have employees who depend on me keeping the ship afloat.

You can officially blow me for thinking I don’t pay my share.

  • Who is older than my daughter No. 6, go figure. What I get for marrying 18 years younger.
    [/quote]

You completely misunderstood my point, I was referring to the MEGA rich (nine figures) not folks in your situation who are the real job creators.

Chillax my friend.
[/quote]

Hold on there Bub…I don’t make that kind of money! LOL…But thanks for the compliment. If I made 380-k per year I’d be tempted to work for about 5 years, save as much as possible and then quit. I’d train every day and sip protein shakes by the pool that I’d have :slight_smile:

But I digress…

[quote]thunderbolt23 wrote:
There’s nothing interesting or useful about this “movement”. And, it’s not a movement - it’s a tantrum. Jobs are not birthrights. And the protests aren’t impactful. They are like a camping trip for bored hipsters.

But in fairness to the vast bulk of the young people at these “protests”, they have been sold a false bill of goods by their elders about money, employment, property, and success. They’ve been told that a college degree provides instant economic security, then they are provided easy money to get the college degree that provides instant economic security.

Basically, they’ve been told that (1) the means is easy, and (2) the end is easy (and basically guaranteed). They don’t know where money comes from, and they have no concept of “paying your dues” - they all feel entitled to great, professional, fulfilling careers that pay well with great benefits and great vacations, and they feel shamed if along they way they have to get dirt under the fingernails.

That said, they don’t have much of an excuse for not applying common sense to these false tales. And look at the gaggle of “protestors” - state-of-the-art smartphones and digital cameras. Do they look they part of the dispossessed and the downtrodden? Of course not. They are, as has been remarked upon before, “middle class socialist brats”.

I am not happy with Wall Street - stated more clearly, I’m not happy with its institutionalized privilege. But if its “jobs” you want, you’re wasting your time protesting Wall Street, they ain’t going to hire you - you should head south and protest at those big white buildings in our nation’s capital. Many businesses have money to invest in new hiring - they just simply won’t come off the sidelines with the cash because of the uncertainty in the economy.

If unemployed hipsters want to be mad at someone for their plight, their energies are better directed to the folly of Hope and Change, or as history will remind us, the most tone-deaf misgovernance and misprioritization of national policy this country has seen in the modern age.[/quote]

Very well said TB.

And I will bet anyone exactly when the protestors will stop. I can almost name the date. But it doesn’t take psychic ability. All it takes is a good read on the weather. As soon as it gets cold and the snow hits they will turn tail and run faster than a guy on unemployment who was just offered a job at $10 per hour.

Any takers?

Word is if you haven’t learned how to get rich by screwing over your fellow countrymen you’re a dunce.

[quote]ephrem wrote:
Word is if you haven’t learned how to get rich by screwing over your fellow countrymen you’re a dunce.
[/quote]

Or by providing them needed goods and services at a fair price. Oh that just doesn’t sound as good huh?

Okay never mind.

[quote]ZEB wrote:

[quote]UtahLama wrote:

[quote]Jewbacca wrote:

[quote]UtahLama wrote:

[quote]ZEB wrote:
Are any of you complaining that the top 10% of income earners in America pay 70% of all income tax?

[/quote]

Normally I agree with you…but those top 10% employ an ARMY of CPA’s and Tax Attorneys…they make all sorts of moves to avoid paying the percentage of taxes that a 50-100K person does.
[/quote]

Whatever. I paid over $1,000,000 in estimated taxes this year already. Yeah, a lot of it at 15%. Salary at 38% just like everyone else. I started with no money, busted my ass, and now employ several hundred people at great wages, and produce stuff that people want.

I also work 6 days a week, 12-14 hours a day, certain holidays excepted, and have risked my health, life, wealth, etc, to get where I am. I worked with 1 toddler and 3 daughters in diapers, no mom, all in the “extra” office next to mine, where I also happened to live.

I could just fucking leave and go be rich and play with my new grandbaby*, but I have employees who depend on me keeping the ship afloat.

You can officially blow me for thinking I don’t pay my share.

  • Who is older than my daughter No. 6, go figure. What I get for marrying 18 years younger.
    [/quote]

You completely misunderstood my point, I was referring to the MEGA rich (nine figures) not folks in your situation who are the real job creators.

Chillax my friend.
[/quote]

Hold on there Bub…I don’t make that kind of money! LOL…But thanks for the compliment. If I made 380-k per year I’d be tempted to work for about 5 years, save as much as possible and then quit. I’d train every day and sip protein shakes by the pool that I’d have :slight_smile:

But I digress…[/quote]

HA! You and me both…

Also, good to see you back on the boards Thunderbolt.

[quote]ephrem wrote:
Word is if you haven’t learned how to get rich by screwing over your fellow countrymen you’re a dunce.
[/quote]

Word is if you’ve ever bought a product created and sold by a corporation and not made it with your own two hands you’re a dunce.

Im 23 yrs old,Im in college and I already feel like my life is over before it even began. Im faced with debts,unemployment,the looming housing market,and no possibility of having any hope for retirement. This is a problem caused by people that were too fucking greedy and thinking about themselves. I’m by no means asking for a handout,and I know alot of people that feel the same way,but I feel cheated out of opportunities that were handed to generations before mine. Older people might not understand,I don’t expect them too either,Baby Boomers are the ones that caused this whole mess and us (my generation) and our kids generations are going to pay for it. Yeah we’re fucking bitter and we are finally doing something about.

Quad you need to sack the fuck up, it’s only over if you decide it’s over. I’m only 5 years older than you, I’m a real estate broker, have investment properties, and bust my ass every day 8am-8pm, NOTHING has been handed to me or given to me. I moved 1600 miles from my family when I was 20 on my own with no financial support to make something of myself.

All I hear from so many people in their 20’s is Wah Wah Wah I’m entitled to 100K a year salary and I don’t feel I need to EARN it.

What was handed to baby boomers? Most of them went to war when they were in their late teens and early 20’s, learned a trade, came home and worked hard.

What does “looming housing market” mean? Prices and appreciation were not based in reality for the last 6 years. Now real estate is more affordable than it was, how is that a bad thing?

The ridiculousness in real estate was caused by congress not the banks, Fannie Mae & Freddie Mac (federal Gov.) changed the guidelines for mortgages so everyone could have home ownership, guess what? Everyone does not have the right to home ownership, it is earned. Subprime loans were not being written previously because Lenders would not risk their money on people who were not stable borrowers, Congress told the banks if you don’t lend to subprime borrowers that they would be sued by the Federal Gov.

The Federal Reserve and politicians being bought is what is wrong with the country. Watch this video, get some knowledge - YouTube

[quote]siouxperman wrote:
They should all be protesting the fact that ~70% of trades are through computer algorithms. These programs put in giant orders and cancel them at the last microsecond to try and influence market movements. They aren’t based on company fundamentals or anything else. This is not what the market was intended for. 70% of fucking trading man. There are firms that say they lose money only a couple days out of the year. That isn’t possible without some sort of inside trading/manipulation. And the argument is “but it provides liquidity”. Fuck that, I’d rather have transparency.[/quote]

Source?

And, why should someone show you how they make money?

[quote]UtahLama wrote:

[quote]ZEB wrote:

[quote]UtahLama wrote:

[quote]ZEB wrote:
Are any of you complaining that the top 10% of income earners in America pay 70% of all income tax?

[/quote]

Normally I agree with you…but those top 10% employ an ARMY of CPA’s and Tax Attorneys…they make all sorts of moves to avoid paying the percentage of taxes that a 50-100K person does.
[/quote]

At least that’s what most people think and maybe it is true to a degree. But even so how much more do you think that the top 10% need to pay? I think 70% of all taxes paid is incredible. And by the way the top 1% of income earners (those making over 380-k per year) pay 37% of all taxes! Now if you think that they employ accountants and lawyers to somehow get them out of paying as much well, I guess they’re not earning their money.

http://ntu.org/tax-basics/who-pays-income-taxes.html

If the average Joe realized the facts they wouldn’t be listening to Obama’s class warfare rhetoric. Nor would they be walking up and down protesting like idiots.[/quote]

My only point was, until there is a flat tax (never gonna happen) the super wealthy will continue to work the system (can’t blame them for trying).

If I was in that top 1% I would try hard as fuck to hold on to as much of my wealth as I could…it’s human nature.[/quote]

The great thing is that top 1%-10% creates jobs in that someone has to perform the services they need to avoid paying more taxes. The jobs created in turn creates you guessed it more tax revenue. At the very least the “rich” create jobs and I’d rather have a job and pay taxes than be job less.

[quote]malonetd wrote:

[quote]CappedAndPlanIt wrote:

Read a few pages, and reconsider.[/quote]

Wait, am I supposed to feel sympathy after reading these? Well it’s not working. Some I laugh at, some I shake my head, and some I even feel contempt. The vast majority just come off as generic, life-isn’t-fair, woe-is-me whining.

Also, most of these signs are people complaining about situations they put themselves in – student debt, single motherhood, high rent, etc. Where’s the personal accountability? Don’t want a lot of student debt? Go to an in-state school. Work more. Go to school part-time. Can’t afford to raise kids? Don’t have them. Don’t have any more. Rent too expensive? Move somewhere cheaper. Get a roommate. Now I eagerly await the responses explaining why these are unreasonable solutions.[/quote]

Because the world owes us everything, damn it!

[quote]CappedAndPlanIt wrote:
No. You’re supposed to understand that “Just work hard and you’ll be fine!” is a myth.
[/quote]

Fine work hard and work smart. You can work as hard as you want banging your head into a brick wall, that isn’t going to help. You work in a smart direction hard, you’ll succeed. Didn’t know everything had to be explained all the time.

[quote]FightinIrish26 wrote:
Ah yes. People with tattoos and piercings are clearly not educated.

I bet there’s no soldiers in that crowd, no educated professionals, no college graduates, no regular working people.

You’re disgusting in your stereotyping but then I don’t expect much from the blowjob barn down here.

Either way, they’re out there in the street pushing a populist agenda that the teabaggers couldn’t even fathom. It’s lovely. [/quote]

Didn’t you just call the tea party protesters idiots? Then you get pissed off when someone points out a generalization?

P.S. I don’t believe Sloth was talking about every particular person rioting.

Brother Chris & siouxperman, here is a link http://www.advancedtrading.com/algorithms/220300267?pgno=2

They are not canceling trades they are scalping making $.01-$.02 per share on huge blocks of shares. Canceling a trade would not move a market, bidding or asking does not move the market, trades move the market. It is all done algorithmically with computers on the floor of the exchange with a trader sitting at a computer making sure the next flash crash isn’t 900 points in a hour.

[quote]QuadasarusFlex wrote:
Im 23 yrs old,Im in college and I already feel like my life is over before it even began. Im faced with debts,unemployment,the looming housing market,and no possibility of having any hope for retirement. This is a problem caused by people that were too fucking greedy and thinking about themselves. I’m by no means asking for a handout,and I know alot of people that feel the same way,but I feel cheated out of opportunities that were handed to generations before mine. Older people might not understand,I don’t expect them too either,Baby Boomers are the ones that caused this whole mess and us (my generation) and our kids generations are going to pay for it. Yeah we’re fucking bitter and we are finally doing something about.[/quote]

Wait what was stolen from you?

As far as I can tell only his drive and his balls.

[quote]Adam Bomb wrote:
Brother Chris & siouxperman, here is a link http://www.advancedtrading.com/algorithms/220300267?pgno=2

They are not canceling trades they are scalping making $.01-$.02 per share on huge blocks of shares. Canceling a trade would not move a market, bidding or asking does not move the market, trades move the market. It is all done algorithmically with computers on the floor of the exchange with a trader sitting at a computer making sure the next flash crash isn’t 900 points in a hour.[/quote]

Thanks. Figured something was a little shady. Come to the table with big claims better have a source.