What if the dastardly politicos enact regulations that might curb the free marketeers from earning their paltry hundreds of millions of dollars annually?
What if there are no longer billions of bucks for bonuses, paid for by taxpayers, for losing on aggressive bets made?
What if financial lobbyists don’t enjoy unlimited budgets to grease politicians and assist in writing laws ensuring future riches?
In other words, what if stupid laws cap the opportunities for gambling, greed and gouging the little people who don’t even understand how banks make money?
After many sleepless nights, I have come to a simple solution: cut out the middlemen.
Rather than the outdated system we currently have– bankers hiring lobbyists to get politicians in the pocket and help write laws that enable financial fatcats to gamble and win big, or get paid-off by taxpayers if they lose– let’s just cut out the lobbyists and politicians and simply have taxpayers pay Wall Streeters directly.
The market would be much more efficient if we taxpayers simply tithed 5-8% of our income to our banking overlords from the get-go. Why should they have the inconvenience of waiting for our income to be taxed, then passed their way?
With my bold new proposal, these pinstripers wouldn’t even need to trump-up risky gambles or cockamamie financial instruments. They wouldn’t have to hurt their ivy league brains conjuring schemes to screw people– we’d just fork over the dough up front and acknowledge our woeful ignorance. Then the civilized cufflinked crowd could get back to more important matters, like buying estates on the Hamptons or dandruff control.
Why must we continue these pointless charades in Washington? Help save the bankers– write your congressional servants and let’s cut to the chase.
Finally. Sensible financial regulatory reform. Leave it to a writer to come up with the necessary algorithm. As the first citizen to endorse this proposal, I volunteer to act as a conduit from the Treasury to the bankers for a paltry .001% fee, from which I will hire auditors to ensure that the percentage paid to each bank is reflective of their EBITA (earnings before interest, taxes and appreciation), with, of course, a finder’s fee of 1/8 of 1% to Ames Scullin O’Haire as a finders fee for the first five years.
Good job, Patrick.
(Snort) Excuse me.
Thanks, Ms. K. To have the endorsement AND involvement of someone of your esteemed financial stature will ensure success!
Your numbers look very reasonable. I sincerely believe this proposal would work out great for all parties involved. It’s efficient, sensible and just! Please spread the word and let’s get this snowball rolling to become, oh, a bigger snowball!
Write your congress people? It’s not enough! You need a bunch of people marching around, carrying signs and chanting stuff, and it’s gotta be on TV or YouTube. You need a name, like “Main Streeters for Wall Streeters” and a figure head, like Sarah Palin or Joe the Plumber. I nominate Kitty!
I second that emotion. Great thinking.
Thanks, Bill!