Slavik81 said:
Honestly, I don't know. The best I can come up with is a tax credit for hiring, possibly funded by a temporary introduction of new taxes on firms that lay-off workers (to offset high EI costs).
As a side-note, I rather liked your posts a couple pages back.
Glass-Steagall
I don't have enough knowledge about the details of the banking industry to comment on whether Glass-Steagall should be re-established for American banks or not. I suspect that most people commenting on the issue do not, either.
However, I see no reason to re-establish the Canadian equivalent. Our banks did fine despite operating under a universal banking model. (Though we should still review our banking laws and participate in the international banking reform process.)
Corporate Speech
I think the court decision on the first amendment rights of corporations makes perfect sense given how the law is currently laid out. If individuals can donate unlimited political funds, I see no reason why corporations should be unable to do so on behalf of their shareholders.
However, I would support amending the law such that individuals are limited in the funding they can provide to election campaigns. Corporations would then no longer be allowed to donate, otherwise they could be used to circumvent individual limits.
Criminal Prosecution
I have no opinion on this in general. Whether I support it or oppose it depends on very specific details of who is charged and what they are charged with.
Revolving Door legislation
This addresses a legitimate issue, though I'd be wary of naive solutions.
I've commented earlier in this thread on the topic.
Nice to have some conversation. I'd also like to see your response to the other few unofficial demands, if you don't mind.
My initial response to your critique is a bit off-the-cuff, but they'll have to do for now. I'm looking for legitimate criticism of the ideas and demands of this movement so as to introduce them to my local movements as well as air them nationally within the Occupy movement. I think it's important to strengthen your stances with critical analysis and critique.
Glass-Steagall: I'm very uncomfortable with the idea of a legal and regulatory failure to distinguish between investment banking and commercial banking. To be both a lender and an investor seems to host some serious conflicts of interest, and there have been strong arguments made that suggest a lot of our recent economic crisis was the result of the environment created by the repeal of Glass-Steagall. The fact that politicians as diverse as McCain and Obama have tried to bring back Glass-Steagall (at least in part) I think speaks volumes of the current problematic deregulation. Similar to the revolving door legislation, I also think that we see some serious conflict of interests when we have individuals that can serve as investment bankers (spenders) as well as commercial bankers (lenders). It's something akin to a drug dealer smoking up all of his own goods.
Also, I'd rather not have the risky business of securities fouling up the security of my deposits, and therefore the stability of the government who insures those deposits.
It's just a stupid setup that smacks of needing regulation.
Citizens United: We're closer to seeing eye-to-eye on this if you feel that the granted ability to spend as an individual needs to be axed through regulation. However, you're making it seem as if there was any reasoning behind the SC's decision to rule as they did in Citizens United other than striking down the provisions of the McCainFeingold Act, which in turn are the very provisions disallowing corporations to broadcast election media. If we're going to regulate corporations so they can't spend money on election media as we had it previously to Citizens United, we may as well repeal the ruling for Citizens United and return to the provisions of McCainFeingold.
Which we should, because I'm extremely, extremely uncomfortable with any electoral process that can effectively be bought, which is what allowing corporations unlimited spending on electioneering would do.
Criminal prosecution: I agree with you in that we would prosecute individually based on individual crimes. However, there is currently NO move to investigate or prosecute, and that's what the Occupy movement is pushing for. We need a dedicated, qualified, nonpartisan, fully vetted committee to start tackling these investigations so we can start to assign some of the necessary blame of the economic crisis to those on Wall St. who are responsible. Ordinary citizens have certainly suffered, and more cruelly than I believe their "mistakes" deserve.
We need to start this process of investigations, and we should have been doing this since 2008.
Revolving door legislation: Glad we agree. Mostly. I think it's a weak argument to suggest that it has to be the same people regulating and acting as watch dogs to then go on and become paid employees of the same corporations they were "watching over" and "regulating" for. That argument relies on the idea that there is a truly limited number of people with such skills, intellect, and talent. I say that's hogwash. I would bet thousands of students get pumped out every year who would be capable of both tasks, and I think it's absurd that such a HUGE conflict of interest exists in such a sensitive spot.
I do agree that a more transparent system would be helpful, and that it would be great if there was a protest every time a corrupt corporatist made a corrupt decision, or a corrupt regulator made a corrupt decision. But this simply won't happen. Protests don't happen based on single decisions, unless they are HUGE decisions ("We're going to bomb 'X' off the face of the Earth"
might do it, or "The electoral college has decided on . . . SARAH PALIN!!!"). It's not realistic, and therefore it's not a functional way of thinking.
So it sounds to me like you don't ACTUALLY think all of their demands are "ridiculous" and that maybe you were getting a bit carried away with hyperbole. It happens to the best of us. I just think it's worthwhile if people stop being reactionary (on both sides) and start empathizing and thinking things through. I have MUCH more sympathy, however, with people who respond in a reactionary way to the deregulation, loop holes, potential (I think likely) criminal activity, and sheer greed that allowed for this nation to hit such a nasty economic crisis. I have much LESS sympathy for people who respond in a reactionary way towards protesters and people who are willing to demonstrate that they are upset with the corporate and economic state of US politics. It's an easy to understand emotion, and the large majority of the population would benefit from a good ass kicking on Wall St.
Let it be known that I want the focus of this movement to be more than just on recent Wall St and the recent crisis as well. There have been people suffering because of our economic system for a LOT longer than our recent little crisis, and that needs to be addressed as well. But for the time being, in speaking as an individual involved and in solidarity with the Occupy movement, I'll keep my focus and goals narrow and united with those folks in NY.