Yes, austerity for the working class is what Wall Street wants.

Austerity for the people who have nothing to do with the market.

The richest 1% of Americans got twice as rich in the past ten years, and it all came at the expense of the middle class.

*promote *talks

Promoting this video and sending it back into the queue for one more try; last queued Sunday, June 27th, 2010 5:13pm PDT - promote requested by kronosposeidon.

Adding video to channels (Talks) - requested by kronosposeidon.

Education > Money
but...
Too bad people don't like to work or ^that would be important.

A value added tax does tax the wealthy. It is proportional though, as opposed to the income tax which is progressive, but you can't say it doesn't tax the wealthy, it simply doesn't tax the wealthy more on average.

HACKS! The banks iddqd'ed and idkfa'ed!

I think the most important point the guy made is...

"Financial services beg the question: If you're taking that much of the profit, what are you doing for society? What's the basic function?"

People inherently have a problem with companies that have no purpose other than profit. Just think about some examples of companies you love and companies you hate and/or don't understand...ask yourself what purpose that company has...I doubt you'll be surprised when you find out the companies you like have a "why" to them and the companies you hate are only about profit.

*promote

Promoting this video back to the front page; last published Monday, June 28th, 2010 12:01am PDT - promote requested by cybrbeast.

Tags for this video have been changed from 'The Real News, Banks, Recession' to 'The Real News, Banks, Recession, Economy, Social Securiy, Taxes, Government, Regulation' - edited by littledragon_79

Deficit reduction to prolong the recession:
http://www.democracynow.org/2010/6/28/naomi_klein_the_real_crime_scene