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When discussing "bold action" to save the economy, we should really be reevaluating the incentives of the traders on Wall Street. This makes me think of Mark Cu
by capkutay 15y ago
When discussing "bold action" to save the economy, we should really be reevaluating the incentives of the traders on Wall Street.
This makes me think of Mark Cuban's article "What Business is Wall Street In?"
http://blogmaverick.com/2011/08/08/what-business-is-wall-street-in-2/ http://blogmaverick.com/2011/08/08/what-business-is-wall-str...
These traders on Wall Street have little interest in creating capital for the companies that stem innovation. Their main incentive is profit, even if it means making money off economic downswings. We need to put them back on the proper track via taxes or a complete restructuring of the capital gains system.