Business

The best thing would be to remove all tax structures. We do no need them. Instead replace the tax with "Transaction Tax" – it will be definitely < 1% for any transaction that is conducted except for personal transaction like withdrawing funds or paying credit cards. Bill payment will also be charged "transaction tax".

The problem in the world is that we are using the best brains for wrong things – Innovative Financial and Legal instruments while we should be putting our brain for developing great products, improving production techniques and so on.

Also, we should stop short-term stock trading. If a company needs funds, the investor has to invest for a period of time – an year or so – before the shares can be sold in the market. Short-term loans – go to banks who can only lend money based on deposits and not un-necessary large leverages!

Further, reduce top level payments to nothing more than $500k per annum. All other money is re-invested back for innovation.

Addiitonally, we all work towards the betterment of human beings – so there is no patents, copyrights and trademarks – all of us believe in sharing and collaborating with each other.

Think about this – it will surely make the world a better place.

Horrible. And what can be done about it?

I don’t think so

I read this a few days back and was shocked. But I mean how the hell is this even possible? But goes to show what "really" goes on behind the scenes!

ups and downs in market is usual things wait till eggs get boiled

http://takingnote.tcf.org/2008/10/moral-hazards-o.html#more

For now the best option may be to do nothing until things settle down.