Fiscal Cliff, the theater is over

[Brian]

Its one thing to review the institutional investment paradigm so people don't get screwed and a company loses 5 billion of pension funds for a bunch of people who work their whole lives, have no choice but to go with retirement options provided to them, and are clueless that managing company is backdooring them. That type of regulation that allows transparency in the market is necessary because we keep seeing retirement accounts wiped out and joe schmoe X, Y and Z fcked over when they thought they were in a safe, conservative retirement portfolio. I listened to Mark Cuban, a billionaire, speak of how impossible it is to know if investments are safe and if he can't understand it I don't see Joe the plummer understanding it. However, that's not the same thing as making a platform on the "rich are evil" BS and raising capital gains to penalize the successful individual. Many economists believe it's detrimental and hurts everyone.

Every design to support the redistrubtion of wealth is just going to fck people over. Obama keeps winning his little battles to fck over the worker but we have yet to curb spending. Taking money from the "rich" to build goverment regulatory bodies is ill conceived but what is happening.

Exactly. It's impossible to look at the last decade on not see that some measure of protection needs to be built in. So to just scream "REGULATIONS BAD! HULK SMASH!" doesn't work.

At the same time, it's impossible to look at the world and think you can regulate the market into prosperity.

Unfortunatly, politicians are inherently able to see no more than immediacy. As Baph pointed out in the gun thread, if you exclude people complicit in their own gun death by their lifestyle choices, (ie gangbangers) the odds of being killed by a gun are amazingly low. Yet we react to the outliers as if they are the norm, and once again try to pass a bunch of laws that won't pass Constitutional muster. It's just as dangerous, if not more dangerous when Congress does it than when the idiots at IEG do it.

It just feels like both sides (and call them what you will, D vs. R, left vs right, liberal vs. conservative) have retreated into their ideological strongholds. Nobody really seems to want to solve anything anymore, they just want to be right.

[Baphomet3]