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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"For the Love of Money"
By SAM POLK - JAN. 18, 2014
(Sam Polk is a former hedge-fund trader and the founder of the nonprofit Groceryships.)
~
...I started to see Wall Street with new eyes. I noticed the vitriol that traders directed at the government for limiting bonuses after the crash. I heard the fury in their voices at the mention of higher taxes. These traders despised anything or anyone that threatened their bonuses. Ever see what a drug addict is like when hes used up his junk? Hell do anything walk 20 miles in the snow, rob a grandma to get a fix. Wall Street was like that. In the months before bonuses were handed out, the trading floor started to feel like a neighborhood in The Wire when the heroin runs out.
~
Wealth addiction was described by the late sociologist and playwright Philip Slater in a 1980 book, but addiction researchers have paid the concept little attention. Like alcoholics driving drunk, wealth addiction imperils everyone. Wealth addicts are, more than anybody, specifically responsible for the ever widening rift that is tearing apart our once great country. Wealth addicts are responsible for the vast and toxic disparity between the rich and the poor and the annihilation of the middle class. Only a wealth addict would feel justified in receiving $14 million in compensation including an $8.5 million bonus as the McDonalds C.E.O., Don Thompson, did in 2012, while his company then published a brochure for its work force on how to survive on their low wages. Only a wealth addict would earn hundreds of millions as a hedge-fund manager, and then lobby to maintain a tax loophole that gave him a lower tax rate than his secretary.
~more~
http://www.nytimes.com/2014/01/19/opinion/sunday/for-the-love-of-money.html?ref=opinion
Electric Monk
(13,869 posts)DeSwiss
(27,137 posts)And when those who do have kids murders a few, they get probation. Yada, yada, yada.
- It's called greed. The only cure is REVOLUTION.
K&R
onethatcares
(16,161 posts)buried high on that hill overlooking the poor dead and to have that monument to themselves.
That seems to be the end result of the money grab, the hell with passing it on or helping others.
DeSwiss
(27,137 posts)PowerToThePeople
(9,610 posts)DeSwiss
(27,137 posts)...it was during that scene when Agent Smith is waxing so magnificently arrogant with his disconnected earpiece and his snobbish, condescending demeanor, that Neo and Trinity are down below in the lobby kicking the Matrix's ass. Ha!
Actually though, it's not that humans 'per se' create the world's problem(s):
- ''It's more that they won't lift a finger to help solve the problems because they're AFRAID to even try. Their FEAR is of those who do create the problems.''
PowerToThePeople
(9,610 posts)Last edited Sun Jan 19, 2014, 11:32 AM - Edit history (1)
Wage slave.
Wow. Truths that I felt but have never actually heard stated in such an outright manner before. Great video. Sad video. Thank you.
edit - so I looked into the video author a little more. Not sure I agree with him very much at all. But, I may look into the parenting stuff.
I am NOT a libertarian. I am NOT an anarchist. I disdain many of beliefs he seems to espouse. But, I can filter and take only what I do believe in. I just have to understand I am listening to libertarian propaganda.
DeSwiss
(27,137 posts)Molyneux has his moments. But I detest labels and roundly refuse to accept them from anyone.
- But truth is truth, no matter from whence it comes.....
PowerToThePeople
(9,610 posts)labels do tend to shoehorn people. But, at the same time, there needs to be some form of descriptor available to use for things. Everyone can not know everything about everyone (well, unless you are the NSA) so we somehow need to classify ourselves in a way that others can understand without an overburden of time commitment.
So, I do see a benefit from labeling. We probably need to get away from overly short labels though. One word descriptors leave a lot of information out.
DeSwiss
(27,137 posts)daleanime
(17,796 posts)Lunacee_2013
(529 posts)hfojvt
(37,573 posts)JDPriestly
(57,936 posts)hfojvt
(37,573 posts)I did put a fair amount of work into it, for only 880 views.
Heck, I usually get more notice though, when I say something stupid or obnoxious.
JDPriestly
(57,936 posts)a lot of attention, but the posts we really work on -- not so much. 880 views is a lot.
PowerToThePeople
(9,610 posts)And never let them have access again.
http://www.aa.org.au/members/twelve-steps.php
bemildred
(90,061 posts)Stuart G
(38,414 posts)JDPriestly
(57,936 posts)Alcohol is a physical addiction. Yes it is. Like cocaine or cigarettes.
Money is a mental and spiritual addiction. Until proven otherwise.
Zorra
(27,670 posts)Matariki
(18,775 posts)Matariki
(18,775 posts)GreenEyedLefty
(2,073 posts)It was on a much smaller scale than the Wall Street examples in the OP, but still as toxic and obsessive.
JustAnotherGen
(31,780 posts)It came to me by way of Facebook last night and was going to post it here if no one else had.
Remember this?
U.S. Millionaires Say $7 Million Doesn't Make You Rich, Survey Says
http://www.huffingtonpost.com/2011/03/14/us-millionaires-say-7-mil_n_835327.html
We had a pretty robust discussion at the old Wealth Report blog on WSJ about this when the article first came out. When is enough enough? How much is enough?
Ms. Toad
(33,992 posts)While I applaud anyone trying to make a difference, it is telling that his model of addressing "a hungry Mom (or Dad) struggling to put food on the table, especially in a world where the cheapest food is so unhealthy?" by treating it as food addiction:
The second hour of each weekly meeting is structured as a support group, where we discuss the challenges and struggles of adopting a healthier diet in such an unhealthy environment. We discuss things like addictive foods (and the associated withdrawal symptoms), emotional eating, and family-specific belief systems around food.
I may be mistaken, but I think there may be far bigger problems facing hungry people living in poverty - like food deserts, and the lack of transportation to get out of the food desert to buy anything which is not available at the corner 7-11. To be fair, there is a stipend available for each family - but participation in the program is tied to using that money to buy "whole, plant-foods," which - in, my experience, are easily accessible to the hungriest Moms (or Dads).
No wonder he's still worried about running out of money when his last bonus would keep me, without even being particularly thrifty, for the rest of my life.