Smartasses of the world unite!!

Generally a smartass and believer in the Twainism that Against the assualt of laughter, nothing can stand. Mission: mock bigotry, narcisism, and ignorance. This is a collection of thoughts on baseball, politics, economics, and occasional other things.

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Tuesday, May 4, 2010

A Letter -- and a Challenge -- to an Anonymous Wall Street Whiner

I posted a link to this a few days ago, and RJs response is 100% in line with mine. While a few of my conservative friends shared the opinion that Wall St. is valuable to the economy, none of them were sympathetic to the tenor of the original e-mail. Moving money is important, but for the better part of the past decade money was moved by and large amongst the banks, brokers, and hedge funds in indicated by the growing share of profits as a %age of GDP. For all the money moved, there was not a proportionate growth in manufacturing, or service sectors. It tended to stay in the finacial sector.

Fact of the matter is skill sets matter, and while the economy is financially more generoous to the brokers, and bankers, the original e-mailer would not be able to "take away" any job from the "average joes."

The expectation of priviledge he expresses is what is sickening. The idea that he works, while the rest of us whine about tenure (not easy for a teacher to get), overtime (average hrs worked last I checked was around 33) is not widespreasd, union protection (please - union membership like it or not, is smaller and smaller every year), summers off (many teachers I know work during the summer in summer school, coaching, 2nd jobs), shows how clueless the original e-mailer is.
Read the Article at HuffingtonPost