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Look at JP Morgan as just one example of big business running the economy. In the 1987 film Wall Street, financial fraudster Gordon Gecko gave what might as well be the mantra of that age. Greed, some say, might as well be god: The ancient Carthaginians, they say, used to throw babies into a fire dedicated to the Phoenician wealth god Mammon. And no corporation can take over the fundamental, inherent rights of human beings." "Since equality in the enjoyment of natural and civil rights is only made sure through political equality, the laws of this state affecting the political rights and privileges of its citizens shall be without distinction of race, color, sex, or any circumstance or condition whatsoever…." "What right and privilege could be more important than one person-one vote: being able to stand up as an equal citizen to have your say in our political system, knowing that the political game is not rigged to favor concentrated wealth? There is no middle class, you're either the Gotrocks (a Warren Buffett term) or you ain't. And, the Gotrocks run our businesses, economics, politics, professions, you name it.Some preachers say that if you are a good person God will find a way to make you super rich, with the logical corollary being that if you are poor then obviously you are a bad person and deserve it. " Throughout history there have been two classes, the ruling class and the peasants. They control what we make and what we pay for things.But millennials are likely to work within their passion exploring roles with purpose.Therefore they may be less apt to pursue early retirement.The overpowering drive to get more shapes the investing world from investors to product innovators. Plus on February 11, 2016 after a rout on bank stocks, he bought 500,000 more shares of JPM at its low of .07. The Supreme Court decrees that the largest, most powerful corporations have the same Constitutional rights as we human beings to spend money to influence our elections." "But the Supreme Court is wrong.Our economy and its related investment businesses are built on the principle that investor psychology is highly influenced by greed. On February 12, 2016 (the next day) the stock price rose to .49, up 8.3%. No one has the right to drown out the freedom of others to speak, or to deny the rights of all Americans by corrupting our political process.Millennials are now getting hitched and starting families.Merrill Edge just released a Spring 2017 Report that discussed my peer group regarding life and money.
Dimon owned 6.75 million shares which benefited from the 50% run-up in 2016. Either we uphold the values of a representative democracy, or we allow greed and wealth to destroy the great American experiment in self-governance…" "The Supreme Court states that money to buy political influence is the same as freedom of speech.The thing is modifiers like "rapid" growth and "emerging" markets should trigger a caution light on our road to retirement. In a follow-up a couple of years ago, the now out of jail fictional Gecko said "In 1987 I said 'Greed is good;' now it seems like that's the way Wall Street does business." You know, he's right. No, not that guy, it's greed, expressed in the drive for higher and higher profits at the "Bigs" - Big Banks, Big Pharma, Big Insurance, Big Broker, Big Oil, Billionaires and Wall Street overpaid executives. Drive the profits up, pay the executives at the top obscene bonuses and maybe the share prices will go up enough to mollify the shareholder, so nobody complains. It is what drives Washington, and it has at least since 1932. Call me provincial, but I believe I've determined three Fs that - if cultivated smartly - will lead to a happy and prosperous life.Those are: family (and friends), funds, and fitness. There's a good chance if you have these three items in good standing that you will thrive.