Thank you once again Robert Reich!
Wicklund, what you say is true----most people haven't a clue and that is understandable given the nature of this bizarro land that is Wall Street. About as removed from the natural flow of how life was before industrial civilization as possible. If you did a poll and asked people on the street: "What is financial speculation?" ---- what do you think the results would be?
I don't fully understand how it works and have family members (by default) that are deeply involved in this world. They are making millions from what Robert Reich speaks of; high speed trading via "algorithms". (digression here) I swear to god, the human world is being reduced to algorithms! (think, Pandora, Spotify)
Reich makes an EXCELLENT point re taxing financial speculation. It is a point that should be spoken loudly, clearly and repeatedly in a way that is clear and concise. This is possible but has not been done----it will be done, it MUST be done.
What I witnessed was sickening. Patents ("intellectual property") for high speed trading that are held in secretive LLC's, millions and millions of dollars made and no taxes paid. Not a cent. These people are pathological-----and have no compassion for other humans or the natural world. The greed is a sickness. It must be stopped.