{"id":187307,"date":"2013-04-11T22:20:00","date_gmt":"2013-04-12T03:20:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/04\/11\/whiny-bitch-of-the-day\/"},"modified":"2013-04-11T22:20:00","modified_gmt":"2013-04-12T03:20:00","slug":"whiny-bitch-of-the-day","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/04\/11\/whiny-bitch-of-the-day\/","title":{"rendered":"Whiny Bitch of the Day"},"content":{"rendered":"<p>Ambrose Evans-Pritchard is <a href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/9985673\/Tobin-Tax-is-madness-for-Europe-and-economic-war-against-Britain.html\">mad as hell about the Eu&#8217;s proposed financial transaction tax<\/a>.<\/p>\n<p>Oh the horror of a tax of one <b>tenth<\/b> of 1% on stock trades, and one <b>one-hundredth<\/b> of 1% on derivatives will destroy all life as we know it on the planet.<\/p>\n<p>His argument is that it will crush the speculative arbitrage that is the meat and potatoes for Wall Street and the City of London, causing a shrinkage of the financial industry.<\/p>\n<p>He says that it &#8220;has the character of a pogrom.&#8221;<\/p>\n<p>Well, I got your &#8220;pogrom&#8221; right here.<\/p>\n<p>Randall Munroe accurately reflects my feelings on this in this cartoon: <\/p>\n<p><a href=\"http:\/\/xkcd.com\/810\/\"><img decoding=\"async\" src=\"http:\/\/img600.imageshack.us\/img600\/1074\/constructive.png\" width=\"500\" \/><\/a><\/p>\n<p>Excess financialization of our economy is not productive, nor is it symbiotic.&nbsp; It is a parasitic drain on society, and a source of instability.<\/p>\n<p>It needs to be ended.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ambrose Evans-Pritchard is mad as hell about the Eu&#8217;s proposed financial transaction tax. Oh the horror of a tax of one tenth of 1% on stock trades, and one one-hundredth of 1% on derivatives will destroy all life as we know it on the planet. His argument is that it will crush the speculative arbitrage &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1003,983,979],"tags":[],"class_list":["post-187307","post","type-post","status-publish","format-standard","hentry","category-finance","category-philosophy","category-taxes","category-wanker"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187307"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=187307"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187307\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=187307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=187307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=187307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}