[quote=AN][quote=DomoArigato][quote=AN]To all who call EconProf a hypocrite, how many of you have 401(k)/IRA/etc., own a home, profited from the many bubbles/busts?[/quote]
I have a 401(k). What is your point?[/quote]
Do you hate the financial industry? Why aren’t you working for the government and get those pensions?[/quote]
Of course I hate the finance industry. Every right-thinking, patriotic American hates the finance industry.
I keep all my 401(k) money in a passively-managed index fund which minimizes the amount of my money that goes to the finance industry. I use credit unions, not banks. I donate to OccupyWallStreet as well as media organizations like the Real News Network which help to expose crimes committed by those in the finance industry. I’m not working for the government because I believe I can make more in private industry.
If every American did what I do, Government Sachs, JP Morgan, Bank of America, and all of the other TBTF organizations would not exist.
My actions are consistent with my words and beliefs. Contrast my actions and words with those of EconProf who continues to accept his monthly pension checks while fighting to eliminate government pensions for current government employees. EconProf’s actions are not consistent with his words. If he were truly concerned about the California government deficit, he would reject his pension so as to help reduce the California state deficit.
