Tuesday, October 20, 2009
When will the pot boil over?BLOOMBERG
A Goldman Sachs International adviser defended compensation in the finance industry as his company plans a near-record year for pay, saying the spending will help boost the economy.
“We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,” Brian Griffiths ...
When will the pot boil over?
when he signs a bill without a public option. that'll be too big a signal to overlook. a red flag (if not a bomb) that tells everyone that the system is broken, congress is corrupt and held hostage by corporate forces. if we cannot even pass a public option, there is no hope for meaningful reform.
Wait until the middle class find out that not only will they be priced out of their insurance under Obamacare, but they will be forced to pay a heavy fine for the privilege of buying free insurance for people making much less than them.
Wait until the middle class find out that not only will they be priced out of their insurance under Obamacare
newsflash: the insurance lobby is not on your side.
No matter what happens with national health care reform, employers already are shifting part of the rising cost of care to employees.
according to npr reporter this morning on cspan, the idea of an individual mandate was originally a republican concept dating back to '93 during that reform effort.
"We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all..."
That does indeed apply to returns to true capital investment.
It distinctly does _not_ apply to parasitic rent collection, the kind of "profiting" that GS does.