In some cases being greedy is good such as when you are doing it to better yourself, not at the expense of others. Greed becomes a bad thing, however, when one person’s greediness interferes with other peoples’ well being and finances.
In my opinion, Wall Street is pretty nuts. People make it a big deal out of it and then wonder why it’s so messed up. I think that if people stopped worrying so much about the stock market and what goes on there then the bad economy would pretty much handle itself sooner than it would if we keep stressing out about it so much like how we’re doing. People need to realize that saving their money and not spending it is the wrong thing to do because the economy relies on the circulation of everyone’s money. If no money is being spent, that means the companies aren’t getting paid so workers are getting laid off, which in turn, makes them have no more money to spend, and so goes the circle. It’s good to be somewhat conservative with your money, but people just need to chill out about the stock trade and live their lives as they normally would have.
I think that stock traders who give themselves million and billion dollar bonuses are fine if they are hard-working, honest people who deserve that money. It’s not okay when they give themselves major bonuses like that if it’s taking the money out of the hands of equally hard-working but poorer people.
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