Home > Uncategorized > Occupy Wall Street, The Tea Party and Debit Card Fees

Occupy Wall Street, The Tea Party and Debit Card Fees

There are a few differences between the Tea Parties and the Occupy Wall Street folks. The Tea Parties are basically about one thing, reducing government influence on the lives of citizens, both in their private choices and in their consumer choices/business dealings. Occupy wall street seems to have no underlying goal besides unfocused and haphazard (and seemingly conflicting) ideas. That isn’t to say it isn’t a meaningful “protest” if there is such a thing (at least as it is currently conducted).

But really most of the signs and such seem to be based on flawed economics and the idea that a huge number of things should be free to all. As even a child can tell you, nothing is really free. As most people can tell you, when you don’t pay for something, when you have no skin in the game, these things often end up lacking value to the recipient and thus get wasted. I’m the director (for Maine) of a program that offers a whole series of youth activities throughout the year and I wouldn’t even think about offering them for free for just that reason.

One of the big sign topics of Occupy Wall Street seems to be that student loans are unjust in some way or another. Forgetting the fact that college costs are almost a direct result of the wide and easy availability of student loans and that they are entered into of a persons own free will, it’s easy to see them as unjust. When you look at reality, you can see they really are the problem, just not in the way these people seem to think.

Another of the big sign makers seems to be banks, evil banks. Banks that apparently have forced people to buy homes they couldn’t afford and now, dun dun dun, are imposing debit card fees. While I’m not happy about the fee’s and will take my banking business elsewhere, I know that the government, not the banks, are the guilty party. This is known to me as Mitchel’s Law:

Politicians mess up an economy with one bad policy and then use the inevitable damage as an excuse for imposing additional bad policy.

Not much time here, but I’m sure I’ll add to this later and/or post anew.

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