The far left loonies and a few misguided righties have recently descended to near flash mob tactics to protest what they see as an American injustice - highly compensated people on Wall Street. They have bought into a socialist mindset that says only government is capability of distributing wealth and ensuring that all people are treated fairly. Government does this by regulating business and taxing the wealthy so they cannot earn too much. Their belief system is flawed.
Government is not the fairest arbiter of wealth and success. Instead, a far more fair and just system is already in place. The laws of supply and demand. Wall Street Fact Cats are highly compensated because there are so few who know how to do what they do. Occupy Wall Street protesters are compensated so meagerly because there are millions of low paid losers like them just waiting for a job. Where there are few, the price increases. Where there are many, the price decreases. Basic supply and demand.
Wall Street Occupiers believe that when a Wall Street fat cat earns a $10 million salary, that is $10 million no longer available to others. In fact, everyone has the opportunity to educate themselves and take a Wall Street job and make their $10 million dollar salary. If it was easy to do, we'd all be doing it. Of course, supply and demand says that if we all did it, there would be an oversupply of Wall Street fat cats and a corresponding decline in demand. leading to lower Wall Street Fat Cat salaries.
Terri and I saw a couple of Occupy Wall Street protesters Sunday afternoon on their way to the KC mecca of left wing lunatics, the Country Club Plaza. These feeble-minded losers are simply protesting their own inability to be successful. They are sad people who have little understanding of how economic work. Just like many in our federal government.
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