Several of you have emailed me about this. So here we go.
I’m going to make this as cut-and-dry simple as I can.
1. Generally speaking, I like protests. I like it when people rise up against those in power. It is good that the people push back if pushed too hard. It keeps people in power in place.
2. The problem with the Occupy Wall Street protests is the same fundamental problem as the Tea Party protests. The Tea Party wants government smaller…by voting for the “right” Republicans. Problem is, Republican politicians like big government, so the entire concept is flawed. Same problem here. These Occupy Wall Streeters want Wall Street to have less power…by voting for the “right” Democrats. Problem is, Democrat politicians love Wall Street and kiss their asses constantly (just look at Barack Obama’s right-hand-man in business matters, Jeffery Immelt, CEO of GE (which paid zero income taxes last year and the year before). Therefore once again, from a practical point of view at least, the entire concept is flawed.