Professor Mark J. Perry's Blog for Economics and Finance
Posted 11:24 AM Post Link
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Jon,Considering that the New York City has a population of 8 million people and Washington D.C has a population of 600,000 people, it would probably be best to look at the ratio of millionaires and not the aggregate amount.
I think, the cartoon means the protesters are blaming corporate greed when they should be blaming government greed.
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Well, when Wall Street goes to K Street to bribe, you're correct. Get rid of the Wall Street's conduit with the government - whether it be on K Street or elsewhere.Still not a case of government greed, but a case of outsize influence.
"Well, when Wall Street goes to K Street to bribe, you're correct. Get rid of the Wall Street's conduit with the government - whether it be on K Street or elsewhere."Do you disagree with the 1st amendment right to petition government?
Who will pay for the federal government's trillions of dollars of overspending and overregulating?Anyone who believes it'll be just the rich is in for a rude awakening.
Perry is suggesting OWS should go after the rich. If so they should go to New York. That's where large chunks of the rich are congregated.The whole thing is a straw man though. The problem is not that some are rich. The problem is that some get rich by cheating, and the law doesn't apply to them since they've bribed the government. So do you go and complain at the bribed official or do you go to the bribers? We've tried change in Washington. But they're all bought off by the same people. The super rich in New York (and elsewhere in finance, as well as other business sectors).
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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