[quote=AN][quote=DomoArigato]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.[/quote]
As you just stated, passively-managed index fund does own stocks of financial industry. So, you’re feeding the beast.
You donate to OWS, which mean you’re against the 1%, right? Aren’t you working for the 1%? Aren’t you contributing to making that 1% richer?
AFAIK, we all operate under certain level of hypocrisy. Different people live under different level of hypocrisy, but to say you’re living free of hypocrisy is a very tall order and is quite hard to believe. I don’t know if anyone that’s righteous enough to give up free money. A long the same line of Buffett asking to be taxed more, but then go around and taking all sort of deduction and not sending him more of his money to the IRS.[/quote]
Just want to point out the level of hypocrisy that EconProf exhibit is very typical among the so-called conservative, free market folks. And to see the same idealogues come out and somehow justify this type of behavior is utterly disgusting. Too bad we can’t test if you are intellectual dishonest and morally bankrupt in a test. End rant.
