economic matters a la T

Anyway ... there is not much we can do about it now besides of finding ways
through the crisis. Over all there is some bitterness in the aspect of
privatizing profit and socializing losses world wide right now and the
realization that something is very wrong and needs to be corrected to bring
the aspect of a state back to life: Being a state meaning being a bigger
community to protect the weaker ones of the community (for example by public
health care) by taking a bigger share of the profit from the richer ones. I
am still trying to formulate my own ideas about it - I guess I am not angry
about people like Bill Gates who make a lot of money with a good idea,
selling it and creating a lot of jobs on their way. But I get increasingly
angry at for example hedge fund managers (like for example the ones from
Blackstone, ___'s main owner or Carlyle, ___'s main owner) who buy
companies and require them to make higher profits or take savings away for
their own profit - sometimes making a personal income of more than 1 billion
US$ a year! They take long saved money away from these companies, put it in
their own bank accounts and make these companies take additional bank
credits to increase the profit per capital employed. This requires to
companies to pay more money to the banks for interest rates out of the daily
business and not investing this money in their own future. The hedge funds
are fine and most of the time getting away with these companies paying being
taken over by the hedge funds with their own higher credits. So the risk for
the hedge funds is really limited in the end! So one of the main ways for
these companies making more "profit" on demand of the hedge funds is firing
employees and producing in low cost countries, cutting jobs in high cost
countries. So all the people who pay in retirement funds who then invest in
hedge fund shares are in a way cutting off their own jobs! Some calculus: 1
hedge fund manager who makes a personal profit of 1 billion dollars (even
with some tax cutting opportunities like they are offered by the American
government where they can declare this as profit from investments with a tax
rate of 15% instead of income with a tax rate of 35% could - just with this
profit - afford an annual income of almost 30.000 families with 35.000$
each. I am sure if 30.000 families could maintain an annual income of
35.000$ the whole economy would be better off than 1 person making 1 billion
and surely not consuming it in a way that would help a majority of people
... Since most of the hedge fund managers live in the US and a big part of
the crisis started there, it's going to be a big burden and task for the new
president to lead a way out of the crisis. Good luck and a lot of success to
him!