From the article, "How can we make government work for the vast majority of people, for future generations, for the broad welfare of society?"
We also have to ask how we can make Wall Street work for the vast majority of people, for future generations, for the broad welfare of society? That seems to run contrary to the 'let the chips fall where they may' and the 'trickle down' philosophies of capitalism. We need establish a better balance from an understanding that we are all in this together.
A social point not often brought up...many young people go for MBAs due to parental and/or peer pressure. I know personally that many who have done this are unhappy in their investment banking jobs. I worked for an investment bank and on several occasions the younger associates admitted to me they wish they'd done something else. This brings one to consider individual talent and desire. We aren't all cut out to work in the financial market. Many who work in it go through life as the round peg in the square hole. There are kids whose talents are in the sciences or arts for example but none the less there they are drudging through their days in financial firms because the money is better. That misplacement of talent and desire represents a loss to society as a whole.
I don't believe in redistributing the wealth from people who work to people who (due to laziness) don't work but we have already redistributed the wealth to those on Wall Street and this needs to change. We need scientists, mathematicians, and yes even people in the fine arts to create a truly great society. We don't need to be favoring a huge imbalance to financial people. Let's face it, who do people have more respect for? The police officer on the beat or the stockbroker? One risks his life for you. The other risks your money for him. Something isn't right with the compensatory picture. Hopefully things will be adjusted into a healthier.









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