Wall Street Against Main Street—Are We Really Going to Do This Again?

Two things are going on at the moment in the economic chaos

kickstarted by the worldwide coronavirus pandemic.

1)  The

investor class has its pants around its ankles and

2)  The

worker class has its knickers in a twist.

One of those classes has profited enormously ever since 2008

at the expense of the other. We both know the investor dudes kicked the teeth

out of the worker dudes over that period and yet we have chosen to shove all

available resources in their direction—once again.

Time to whistle the ball dead  and throw some penalty flags. Them

against us doesn’t work any more. Them have been breaking the

rules and us are tired of it. The pandemic was simply a trigger for an

explosion waiting to happen.

So, for starters, how does this

sound?

Let the banks fail. We

bailed them out before and they simply took the money and fucked us all once

again. Let ‘em go, we have a mechanism for that called the Federal Deposit

Insurance Corporation (FDIC). It declares member banks insolvent when they

fail, takes them over and installs new leadership. Done deal.

They become banks

again instead of casinos.

Let the investor class take

responsibility for their choices and lose their investment. Grow up, children.

It’s a tough world out there. If you make poor judgments, there’s a price

attached. You lose money. No one owes you liquidity. When I lose my

liquidity, I can’t pay my rent and my landlord puts me in the street.

So blow your nose, wipe away those tears and understand that

wrecking the financial car twice in twelve years means daddy will have to take

away the keys until you learn some judgement.

Fair is fair and we’re getting

tired of having you play a protected game, privatizing your wins and socializing

your losses at our expense. And, naughty-naughty, when you do win, you

shove all those winnings into tax havens.

Over the past twelve years while you ‘haves’ ran up

all those successes, we ‘have nots’ were busy as well. Alternative

work became fashionable.

Alternative work is characterized

by being temporary or unsteady—such as work as an independent contractor or

through a temporary help agency. I know that doesn’t sound all that tasty, but

it’s the meal you threw our way. Nearly every one of the 10 million jobs

created between 2005 and 2015 were lo-cal, gig-economy blue-plate specials.

No side-orders, like regular hours,

healthcare, profit-sharing, 401-Ks, paid overtime or vacations come with the

blue-plate special.

But it’s not like there are no perks. If you’re creative,

you can probably work in two gig-economy jobs at one time. Based on earnings

data from tens of thousands of gig-workers, the average among them earned $624

per month.

Wow. If the tires on your bike

don’t wear out, two jobs could earn you nearly $15,000 a year.