I missed the first one and was absent during class so I am going to write about Taibbi's article. I really like how he has is 5 basic points and how each one is needed for the success of the economy. My personal favorite is his fifth point about changing how they are paid. His first line "We need new laws preventing Wall Street executives from getting bonuses upfront for deals that might blow up in all of our faces later." I feel as if that is a really good point because if they make a lot of money off of any bonus they do. They should just make a bunch of deals in which they know will not work just so they can get a lot of bonus. As we are now what is there to really stop this person from doing that. Also I really like his point on them paying for their own bailout and not having the government save them every time they start to fail. Every time they need money it comes from everyone, "A tax of 0.1 percent on all trades of stocks and bonds and a 0.01 percent tax on all trades of derivatives would generate enough revenue to pay us back for the bailouts, and still have plenty left over to fight the deficits the banks claim to be so worried about." I feel as if he has really spent time and thought provoking this article in a way in which he is correct with his thoughts. He really isn't just thinking about the people, but really wall-street and what they really have to do.
Read more: http://www.rollingstone.com/politics/news/my-advice-to-the-occupy-wall-street-protesters-20111012#ixzz1n2Yh2w8U
No comments:
Post a Comment