cannuck
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- Sep 10, 2012
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I should have given the ONLY conservative thing that BushII ever did a pass (temporarily removing dividend tax), thanks for prompting me. Glass-Steagall needs to be completely re-written to cover the realities of today and given some serious teeth. THAT is the "conflict of interest" to which I was referring in this thread. You are preaching to the choir on that one.Where were you for the Bush tax cuts? The GOP's main argument was that it would help job creators, and repealing them would do the opposite. "Job creator" at this point is also a generic term for "rich guy." And let's not forget the billions of dollars in subsidies oil companies and other big businesses receive. I was involved with the Occupy movement for awhile, so I've heard most arguments about Wall Street and capital gains. Is it a problem? Yes, but its just one (major) face of a multi-faceted issue. Corporate executives benefit from investments and low capital gains taxes, too, but I'm more concerned with how employers' actions affect their employees, at this time. No one wants to believe the elite theory because it screams "conspiracy," so we do what we can. At this point, the best way to curb Wall Street's influence is by repealing Citizens United and reinstating the Glass-Steagall Act.