Forum Post: This movement is not about the Rich Vs the Poor
Posted 13 years ago on Oct. 10, 2011, 2:35 a.m. EST by msikri
(5)
This content is user submitted and not an official statement
This movement should be about the Rich AND the Middle-Class AND the Poor Versus the Wall Street Gangsters, Gamblers, and fat-cat "Bankers" who are trying to hijack the American Dream and hijack the advantages of capitalism into a bizarre and distorted form of institutionalized corruption, patronage and cronyism.
My appeal is DO NOT let those guys plant Moles and Agents Provocateur into the movement and try and make it seem as a left wing fringe movement.
Its not about imposing extra taxes on the genuinely Rich and Successful. People who work hard in America and set up manufacturing, service and knowledge industries / corporations do a great service to the country and its people. They provide jobs, they provide spending power, they provide revenue. They do not hunger after Government bail-outs after robbing the people blind.
The Rich are rich because they have worked hard. They need encouragement to set up more companies and employ more people. They do not need to be hounded by a bankrupt and corrupt Government, who will take their money and give it to the Wall Street Hedge Funds and Investment Bankers.
If you want America to be great again, force the Government to take criminal action against the individuals in the humungous "banks" (too big to fail) who created fraud instruments like "Special Purpose Vehicles" / "Off Balance Sheet Liabilities" / Securitization of dubious "assets" / Sub prime mortgages / Credit Default swaps / leveraged leverages and other opaque and labyrinthine instruments which no one can unravel.
Name and prosecute the corporate executives, politicians and government functionaries who colluded to create these massive frauds, and outlaw all such transactions for all times to come.
Break up the banks into smaller entities. Let Banks be banks - who take deposits and lend to trade and industry. Let stock-brokers be only stock brokers who act on the instructions of their clients. Raise margin requirements to 100% to stop speculation.
Stop derivatives trading. Its nothing but gambling. If they want to gamble, let them sit on the high tables at Vegas.
Stop speculation in commodities futures. Allow only actual buyers and sellers of commodities to do futures, and make sure they give and take delivery of the goods on the contracted dates.
If action is not taken now, America will be divided into frauds and gamblers living off the fat of the land, and all the other 99.9% fighting each other for scraps from the table.
http://occupywallst.org/forum/can-we-end-the-fed/
Tax Speculation 1%.
I dont mind if they trade derivatives. When they lose, they shouldnt expect us to bail them out. If they realize they wont get bailed out, they will stop making these bets. That was the moral hazard in bailing them out.