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This. Also a lot of debt issues are government caused like the crippling and non-dischargable student loans the USG gives teenagers to the tune of six figures.
by drzaiusapelord 10y ago
This. Also a lot of debt issues are government caused like the crippling and non-dischargable student loans the USG gives teenagers to the tune of six figures. Or all the incentives and propaganda for those who can't afford to buy homes or other large purchases. Or government waste and corruption and war. Or out of control entitlement programs and other welfare abuse. And anti-investment, anti-prosperity, high tax, and high regulatory environments that guarantee places like the south side of Chicago will never, ever recover.
The blame pie for economic issues and social issues is pretty big and 'hedge fund managers' are going to be a very tiny piece. The institutions you may hold dear may be the ones with the largest piece. That should be sobering realization on top of the realization that we tried not-capitalism in the early to late 20th century in some countries and it was responsible for nearly causing WWIII, 100m+ dead, and a legacy of human right abuses that humanity has not seen since or before. Be careful what you wish fore. The society hanging investment managers, business owners, and guys trying to make a few bucks so their kids can goto disneyworld is not a compassionate society leading to utopia, in fact, its the opposite. History has proven this over and over.