Tax the rich ? They are moving their assets out of the financial system

[MilkDrinker]

Originally Posted by cw30000

The bank does not represent the "Rich", at least not the rich that Obama saying, $250k a year married file joint. The rich is the C level executive (CEO, CIO, CFO, CTO, etc) where they total comp for 1 year is more than a 10 life time an average American family can earn. In the matter of fact, their sign on bonus is more will take average American family more than a life time to learn.

If the government really want to go after the rich, then they are the people they need to go afternoon. None small business owners making 250k a year. The only reason why they are going after the $250k rich people is because he (the government) will to make sure competitions for ultra mega corporations is difficult and discouraging.

What's the difference between those C level executives and the small business owners? Both work hard but sometimes the first category might have more education and more responsibilities!

[Neuling]

Speaking of rich people, I just read something funny and sad at the same time.
The head of a German small-town bank decided to help out clients when she noticed from the internal statements that they were in financial trouble. So she started transferring money from rich clients' accounts to those in need, all in all about $10m As time went on, the whole Robin Hood thingy got out of hand and she lost control of the mess she created. Eventually a retiree found out when studying the interest he received (). So he told the bank and they offered the bank director a deal. They would not sue her, if, apart from her being fired, she agreed to pay back damages out of her own pockets (about a quarter of the money was lost as some of those she had helped went broke after all) and not tell anyone in order not to harm the reputation of the bank. So far so good. Here comes the sad part. As the bank was trying to fix the mess, they asked the widow of a man, whom the former director had also helped, to repay the money. But she refused to and instead sued the former director. So much for gratefulness So the whole thing ended up before the courts after all, where however the former director got away with a suspended sentence. But she is broke now herself.

[summers73]

Originally Posted by Neuling

Speaking of rich people, I just read something funny and sad at the same time.
The head of a German small-town bank decided to help out clients when she noticed from the internal statements that they were in financial trouble. So she started transferring money from rich clients' accounts to those in need, all in all about $10m As time went on, the whole Robin Hood thingy got out of hand and she lost control of the mess she created. Eventually a retiree found out when studying the interest he received (). So he told the bank and they offered the bank director a deal. They would not sue her, if, apart from her being fired, she agreed to pay back damages out of her own pockets (about a quarter of the money was lost as some of those she had helped went broke after all) and not tell anyone in order not to harm the reputation of the bank. So far so good. Here comes the sad part. As the bank was trying to fix the mess, they asked the widow of a man, whom the former director had also helped, to repay the money. But she refused to and instead sued the former director. So much for gratefulness So the whole thing ended up before the courts after all, where however the former director got away with a suspended sentence. But she is broke now herself.

A "cool" emoticon when you mentioned transferring money from rich clients to those in need.
A "rollseyes" emoticon when you mentioned the rich person finding out his money was stolen by employee.

...and you wonder why people from the rich to middle class put their money into untraceable gold?

Edit: quick question? Do you know what happened to the employees of the small business who were presumably laid off as a result of these funds being transferred to someone in need?

Another edit: Robin Hood stole from the government. This bank employee stole from customers.