Wall Street vs Working People pt 1

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Category:

News & Politics

Tags:

• Wall Street
• Bull
• Working People
• Labor
• SEIU
• AFLCIO
• unions
• wobblies
• IWW
• socialism
• socialists
• free market
• capitalism
• working people
• punk
• patriot
• the punk patriot
• Wisconsin
• Gov Walker
• Koch Brothers
• union busting
• reagan
• clinton
• Obama
• bush
• serfdom
• slavery

[TreachMarkets]

Workers' Rights: The rights of workers to not have half of their paycheck stolen from them by the government.

Btw, we have NEVER had a free market.

[ThePunkPatriot]

@TreachMarkets That's funny, because there is no tax bracket where they take 50% of your income. Nobody makes that much. Certainly not me. And there is no such thing as a free market. It doesn't exist.

Money: without government, it's worthless paper.

[TreachMarkets]

@ThePunkPatriot In total, every tax, tariff, government fee, all add up to 50% for most people. You don't think about the total because it comes at you from every direction, and a lot of it is regressive and hurts the poor. If you are progressive you must at least agree that food and fuel should not be taxed?

Money used to be a note redeemable for an asset, or a small unit of the asset itself. But you're right, without a govt we can have no funny money fiat currency, sans a game of monopoly.

[ThePunkPatriot]

@TreachMarkets Most people, meaning the bottom 90% of Americans, who, even collectively, make almost none of the nation's income. You're arguing in favor of progressive taxation.

[ThePunkPatriot]

@TreachMarkets Also, ALL MONEY is funny money, whether it's fiat, or "backed by gold" or gold itsself. None of it is really worth anything.  It's made real by our willingness to embue it with value.

[TreachMarkets]

@ThePunkPatriot One more point, I can't stand Wall Street either, but government is owned by Wall Street and their corporatist network, that's why using the government to fight or rein in Wall Street doesn't work. Government is the big baseball bat that they use to hit us over the head with so that they don't have to get their hands dirty.

[ThePunkPatriot]

@TreachMarkets Economic injustice is the "baseball bat" that wall street hits us over the head with. Government is supposed to be our baseball bat to hit back with, but they've wrestled it out of our grip, and we're willing to let them have it. That's the Free Market. When we sit back and let them run roughshod over us. When we fight back, that's when it becomes "class warfare".

[ProgressiveAudio]

I'm happily surprised that Americans are actually doing something for once. Yay to Wisconsin, Indiana and Ohio.

[IngeniousEpithet]

PUNK PATRIOT! I love what you're saying, I love the Adbusters corporate America flag behind you, and I love the fact that you played Squarepusher at the end of your clip! HUGE-UPS! VIVA LA REVOLUTION!

[Ganjamandan77]

"THIS IS CLASS WAR FUCKER MUTHERFUCKERS!!!" I completely agree, LOL

[fringeelements]

A note redeemable for an ounce of gold = a note redeemable for nothing. Great logic captain meathead.

[Rennpanzer]

Thank You WISCONSIN 14 - keep the faith

Labor Omnia Vincit

[artvandelay3911]

This country is not a Democratic country, it's a Capitalistic country. Time for a revolt. Do what you have to to save your freedoms.

[gaian2000]

This Vietnam combat veteran approves of this message. Rock on Dude!

[justonefirefly1]

What you didn't mention is that the unions are made up of more than 70% VETS

State and Federal workers - VETS are hired first.

[TreachMarkets]

@TreachMarkets So now let's say a company has gained $1 billion due to fraud. The SEC swoops in, negotiates a $500 million fine in leu of a prosecution. The company just made $500 million and is off the hook. Notice that the fines are always much less than the fraud, and they end the investigation process. Net effect no convictions, and this is what the SEC was designed to do. Read Matt Taibbi's latest article in Rolling Stone for more detail.

[TreachMarkets]

@XM8rifle The SEC has no enforcement power. They just investigate cases and turn the evidence over to the Justice Department. Before the SEC, the FBI would directly investigate fraud on Wall Street, and they would go after white collar criminals aggressively. Then the SEC was added, and was mostly staffed with Wall Street insiders. What the SEC will usually do is negotiate a fine in lieu of turning the case over to Justice. Before the SEC the cases just went over straight into indictments.

[XM8rifle]

@TreachMarkets The SEC wasn't designed to do that, it has just developed that behavior throughout decades of deregulation.