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Sunday, April 18, 2010

Rot

In no society in all of world history have their been silly laws like the ones being "enforced" by the so called "securities exchange commission" regarding this matter.

This whole exercise points to the severe, vast, horrible rot that has crept into our society - that many of our brightest minds are wasting their time playing games with gambling rules that do virtually nothing for the people of this incredibly lucky and blessed country of ours,

Think about it - instead of teaching, healing and protecting the members of our society - hundreds of people are going to waste tens of thousands of hours arguing about a gambling bet that Paulson paid Goldman $15,000,000 to make for him on the direction of the housing market. This is insane. Its gambling for super rich, super bright, bored people who have nothing better to do than game our financial system.

In any other society a man with Paulson's great skills would have tried to find a way to stop the housing bubble from becoming as bad as it did. And in any other society no reputable banker would have ever facilitated creating a gambling vehicle to sate the spectacular greed of a selfish, very bright forcaster. Can you imagine what J. P. Morgan would have said to someone like Paulson. He would have throw him out of his office and recommend that he be committed.

This great country of our cannot keep up its high standard of living if we allow our brightest minds to fritter away their lives betting on future events. We are the laughing stock of China and India for allowing this to happen, The only way to end this is to tax these profits like we tax other sins like tobacco, casino gambling and alcohol. There should be a 90% tax on profits made from financial gambling and all trades should be kept on shore by anyone who is a US citizen. If we lose the gamblers to other countries, so what. Good riddance.

These people are horribly addicted and should not be welcome in our society.

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