Wake up call. Money in politics is like heroin to a junkie. Our elected members of Congress spend vast amounts of time on the telephone soliciting money- worse than panhandlers on street corners. Once they get the money, there is an acknowledged understanding that the people who gave the money get something in return. That corrupts the political system. Why is it that the managers running the largest hedge funds pay a lower tax rate than only the poorest in this country. Answer- money and their sway over the politicians who write the tax code.
This is a shameful situation and we should all be up in arms about how our political process is owned by the lobbyists, PACS and special interest groups.
Flash Boys by Michael Lewis. His book shows how the big money people have scammed the stock market and front run the little guy. Just last week the new SEC Mary Jo White spoke about new regulations on the HFT traders but said that the market was not rigged against the little guy. Wrong- it is all a scam and the big money in this country gets to make the rules and circumvent the system.
Good arguments, lucid explanation of how we need to change things and some good suggestions about how to go about it.
The whole book is great. The examples he cites of how money has corrupted the system should make everyone who reads this book begin to demand change to get the cancer that is money in politics out of the system. Public funded elections with limitations on PACs, lobbyists and big money donors is the only way to control the corrosive effects of the system we have now.
It is a great story of how a major American city has deteriorated and is circling the drain. Much of what happened in Detroit is happening in other American cities and it paints a dim view of the future of our country.
Sick: The Untold Story of America's Health Care Crisis---and the People Who Pay the Price by Jonathan Cohn.
More stories of the little guy who is disposable in the eyes of corporate America.
His narration flows well and keeps the listener engaged.
I would have but I enjoyed it so much that I rationed it listening only an hour a day so that I could think about what was being related and how much it paints the same picture for much of America.
Our country is circling the drain. The 1 percent don't care as long as the craziness doesn't impact them. Big money runs the country and looks after itself. This is the story of the bottom five percent and it bodes ill for the future of the US. People should read or listen to this book then think about where we are as a country and where we are going.
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