Wednesday, October 21, 2009

Wall Street Doesn't Get it.

Oct. 21 (Bloomberg) -- A Goldman Sachs International adviser defended compensation in the finance industry as his company plans a near-record year for pay, saying the spending will help boost the economy. “We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,” Brian Griffiths, who was a special adviser to former British Prime Minister Margaret Thatcher, said yesterday at a panel discussion at St. Paul’s Cathedral in London. The panel’s discussion topic was, “What is the place of morality in the marketplace?” (TPJ: This tool also happens to be a "Lord" in Britain).

Goldman Sachs Group Inc., based in New York, set aside $16.7 billion for compensation and benefits in the first nine months of 2009, up 46 percent from a year earlier and enough to pay each worker $527,192 for the period. The amount set aside this year is just shy of the all-time high $16.9 billion allocated in the first three quarters of 2007. Goldman Sachs spokesman Michael DuVally in New York declined to comment.

TPJ: The spokesman declined to comment??? Isn't that his FUCKING JOB, which he's getting a BONUS to "do?!!!" THE NERVE OF THESE PEOPLE!!! But they're sociopaths and sociopaths don't have any concern for others. His answer to how the poor benefit from people like him getting uber-rich? Reaganomics, trickle-down bullshit reheated for 2009. He says, "To whom much is given much is expected." There's a nice slap in the face--he knows the adage but he still doesn't get it!! Don't patronize me.

“There is a sense that if you make money you are expected to give."

TPJ
: The problem Lord Asshole is that charity isn't evenly distributed. People usually give to their church for example. Well what if someone doesn't happen to be apart of your church or even religion? So how do you help the poor Atheist, Buddhist, Hindu, Muslim or Jew? Some charities take up all the "oxygen" in the room when it comes to donations. For example, breast cancer awareness. I'm all for finding a cure for breast cancer but it seems like everywhere you turn there's another breast cancer event taking donations. We buy pink soup cans, pink batteries and the NFL players even wore pink gloves one game this season.

Donations aren't evenly distributed like tax cuts or rebates are and they don't reach enough people. We are also relying upon the good will of others and frankly I don't trust the uber-rich on Wall Street to all of a sudden find Christ and open up their wallets. This tendency is in all of us, however. We think, "Oh, someone else is going to give to charity" but if we leave it up to someone else it won't happen. Unfortunately experience and history have shown us that people don't give willingly--not very much and certainly not in the amounts desperately needed. That is why we need a government to be the third party who intervenes, collects taxes and distribute it to those who need it the most via tax returns. We can't rely upon charity alone; especially if these rich Wall-Street types and Uber-Investors like Mitt Romney keep buying up companies who employ lower-class people and selling them off to foreign entities. So I still don't understand how tolerating inequality will achieve greater prosperity for all. I'm clear on how it'll make money for YOU Lord Dickhead but not for the middle-class, which is fastly becoming the "murdered class" thanks to douche bags like you.

So more record bonuses. Great. At the same time social security recipients won't get their annual raise, workers aren't getting raises--no one but these Wall-Street sociopaths are getting them. And not just any raise--they're getting an orgy of money. So where do I buy my pitchfork? Prosperity for all? Yeah kind of hard when you're getting record profits. How is that money trickling down when these bonuses and record profits just get bigger and bigger. I don't know about you but I don't see any trickle of money flowing into my wallet. And what's this about a "trickle" anyway? How come we get a trickle while they get a flood? How about they TOLERATE taking less this year because WE the "in-equal" PAID to keep your asses afloat!! Everyone else has to take a hit but somehow you're different because you make the money? Ha!! You guys don't "make" shit!!! You buy and sell money and push money around into different accounts. Meanwhile thanks to your predatory practices you've sold off all the good plants and companies that use to MAKE REAL THINGS IN AMERICA!!! Thanks a lot asshole. You can keep your charity--we're coming after your bonus instead.

---End of Transmission--

3 comments:

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