The way I view it, I agree with the free market system. But when I see a very conservative friend telling me he is troubled by the bonus, it tells me something.
With the kind of disparity in wealth that is happening in this country, the free market system is going to crumble. I understand that company owners sacrafice and create jobs. I believe all that. I believe in the rewards that come from risk and delayed gratification.
But I see trouble coming for this country and it is going to come from a lot of people that are in very tough financial times that see a $120 million bonus as a problem.
We have a consumer finacial revolution going on in this country already. People are saying to themselves, if that is the way the game is played, screw the banks I’m walking away from my debt.
This friend of mine had a credit card and made the payments on time, never once late. They raised his rate from 3% to 18%. He said, “I was a good customer, responsible, paid on time, carried a balance and this is my reward.” He said forget it.
I’m way off subject maybe and maybe not making myself clear. The system as it is being run can’t sustain itself politically. It will take more now than what made it all work before. People thinking of taking $120 million bonuses need to control themselves. They are going to lead us into more than just a consumer financial revolution.
Ask your friend if they mind that MOONBeam has been cashing in on TWO STATE Pensions (our tax dollars)while he and his GAP Millionairess wife live in a multi million home in the Bay area???
Sorry , I missed a word “ Meg does NOT own Ebay “ .
This huge SF lefty owns it.
But he became a billionaire thanks to her.