Musings of a morbid mind

The general ravings of Scott Baldwin

Sunday, October 30, 2011

My Response to Wall Streets Response


Wall Streets response to Occupy Wall Street

I find it quite insulting. My mother was a primary school teacher, and she worked very hard. Not only did she have to drive almost an hour each way to get to school, after working a full day, she'd then have to come home, prepare dinner for the family, and then sit at her desk until late at night preparing the next days lessons. All for such a small salary. The only benefit was the decent amount of holidays she had, half of which were spent preparing for the next semesters classes.

I find this response arrogant, and displays the ignorance of someone who has only ever worked on Wall Street. I find it laughable that these people think they could possibly settle for a teachers salary. They don't seem to realise the extent of the lifestyle change they'd have to make to adjust to the disparity in income. I am a reasonably well paid software engineer, and earn significantly more than both of my parents combined, yet I don't think even I could deal with the lifestyle change that I would require to change my career to teaching, even if I could walk straight into a teaching job today.

I do respect what these very smart people do, and I don't think anyone is suggesting they change jobs. Part of the problem with occupy wall street is that there is a lot of confusion about what is being asked for. Things like eliminating corporate corruption, the unfairness of corporate criminals going unpunished while defaulting mortgagees are kicked out on the street, the ever increasing disparity in income for the super rich, corporate bailouts, and a plethora of other issues all thrown in together. My personal concern is that the system we have been building is unsustainable. Sure wealth disparity is a natural part of life, and from an economic point of view it can be a very good thing. However, there is only so much disparity that the majority will accept before there is a revolution. If you want to base your right to be greedy/wealthy on the concept of “the trickle down effect”, you have to be sure the wealth is trickling down, not accumulating at the top. Maybe occupy wall street is a warning that we are approaching a limit that is unacceptable. This response from Wall Street sounds to me very much like “Let them eat cake”.


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