Ok BG and CAR, I got a deal for you… I’ll fully support the public sector pension returns guarantee with my taxpa dollars fully IF, you’re will to accept the following….
I was told if I stock daytrade, I would be able to earn 20% returns….
Let me day stock trade every day..
On the days that I earned $1000+, I’ll keep them because they are my returns.
On the days that I lose -$1000+, you pay for my losses, because that’s not my fault…That’s because the markets didn’t cooperate with me, and I was promised that if I just buy and sell stock, I would always make money… Because I didn’t, you the taxpayer should pay for my losses…
Oh, and one additional thing I’ll be doing…
Instead of investing say $100k of my own cash that I have, I plan on taking out a margin loan of $500k…I can now invest $500k each day taken out on a margin loan…knowing that it’s really not my money, and that even if I lose the money that doesn’t belong to me, no matter how big the loss is, you’ll be happy to make up the difference.
Sounds pretty fair to me, because it’s a win-win for me….