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The Value of Money and Occupy Wall Street

Bruce Sallan ponders the question: What is this generation of kids learning about the value of money via the Occupy movement?

For this dad, the #OWS (Occupy Wall Street) protests are a lot of hooey with no message, no cohesiveness and a lot of mess and disorderly conduct. For this man, it’s a bunch of lazy, spoiled kids looking for an excuse to party. For this radio host, it’s another excuse for MSM (Main Stream Media) to provide yet another skewed view of the news. It is also yet another demonstration of the diminution of the value of hard work and money. 


While I don’t intend to dwell on the idiocy of the “Occupy” movement, or dwell on the irony of these pampered kids texting on the smartphones their parents got them, or the organizational skills they’ve demonstrated via their bathroom habits, I can’t help but enjoy the irony of their freedom to “Occupy” on their parent’s dime! Yes, that was the longest sentence I’ve ever written, but my passions are clearly ignited by the nonsense going on in downtowns across the country and those spreading across the world. 

It’s the value of money that has given these “protesters” the freedom to organize, keep current at college via their smartphones, laptops and other mobile devices and the hard work of others who got them this freedom. Their ability to organize a walk across the Brooklyn Bridge is due to the visions of such pioneers as the late Steve Jobs, who created the devices that the OWS gang is using to spread their incoherent message. 

Who made the money to get them to New York and pay their tuition at NYU and Columbia? Who pays their cellphone bills and provides the clothes on their backs? Who will pay their college loans for those who didn’t get a free ride from their parents? You know the answer. It will be those of us who still put in 40- to 60-hour work weeks, who understand how to balance a checkbook and who actually pay taxes. 

Those taxes protect their freedom to protest and their First Amendment rights to spew their nonsense. Those taxes provide the uniformed men and women who protect them from the local store owners whose livelihood is thoroughly threatened by their presence, their vandalism and the stench that keeps regular customers holed up in their New York co-ops for fear of these mobs of hooligans. 

But, no, I won’t dwell on these lazy bums. I will try to stay on topic and talk a bit more about the value of money. I worry that my own boys will fully understand the value of money when they leave home. As much as I try to teach them how to save, how to work hard and how to budget, I don’t know how much has sunk in. It’s a different world that they live in, and the jobs I was so easily able to secure when I was their age are either no longer available or are done by adults, such as the now-antiquated, almost Norman Rockwell-esque, image of the paper boy. 

The contemporary high school homework load and required extra-curricular activities that any younger boy or girl must do to have the right requirements to fill up a college application are so much more intense and time-consuming than what I had to do. Let’s not even discuss the reality that everything I needed to do in high school was available at high school and didn’t require my parents to pay for, drive me to and otherwise figure out. I was able to do it all myself. 

What a novel idea: a teenager taking care of his or her own business! That is how I learned the value of money, starting with that long-gone paper route that I had. I even had to collect the newspaper subscription fees each month, tally them up and turn them in. In cash! Can you imagine what that felt like: a 13-year-old carrying all that cash around? Having to protect it, count it and literally feel the value of money? 

Now, the OWS crowd just uses their debit cards to get food, their smartphones to stay in touch with their co-idiots, and their computers to do their PR dirty work. Forget that Dad and Mom are paying all the bills. 

Why are we surprised? What lessons have my generation of parents taught this generation of “revolutionaries”? What lessons have the baby boomers, who now run our universities, really learned from the debacle of the '60s? Let’s face it, and I hate to say this, but the only good thing that came out of the '60s generation is a few good songs. 

Values were lost. The value of money was undermined. Institutions that stood the test of time and respect were trashed. Many of my generation would look at a soldier, a policeman, fireman, or the ilk, and just see baby killers and uniforms rather than the courageous men and women who wore them. 

The value of money is really about all our values. The value of you as a parent is the values you teach your children. Pay attention to what is going on or you will be getting calls from the smartphone you pay for, at the college whose tuition is 20 times what it was 20 years ago, or from your son or daughter asking for more allowance.

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Lori Hultin November 2, 2011 at 10:05 pm
While you're entitled to your opinion (thanks to our freedom of speech including the right to peacefully protest), it's sad that you assume all Occupiers across the country (and this has grown well beyond NYC, in case you haven't noticed) are "pampered kids", "idiots" and "lazy bums". Not only have you demonstrated a somewhat limited vocabulary, but also that you actually know nothing about the people protesting, surely haven't been to a protest, nor have you bothered to do any research to find out. If you had, you'd see that these protesters include senior citizens, teachers, firemen, war veterans and other concerned citizens - many of whom can't find work and surely don't deserve to be labeled "lazy bums" simply because you don't agree with them. Whether you like it or not, there's a growing movement in this country, not to take away success from those who have truly earned it, but to make sure that we have a level playing field where people who work hard have equal opportunities to create their own success. When tax loopholes are rampant, when banks and wall street receive bailouts from taxpayers only to turn around and pay huge bonuses to their execs, and the wealth gap continues to increase like never before, there is a problem. Try a little research or next time someone might just brand you a "greedy, ignorant right wing, extremist". It might not be true, but hey - why do research or fact-checking when you can just make assumptions and call it a day?
Chris Langford November 3, 2011 at 08:45 am
Well done Bruce, you just proved that you know absolutely nothing about the Occupy movement.
Wayne November 3, 2011 at 02:09 pm
We get that you don't get it Bruce, your tirade, so full of tired, overused talking points, is certainly proof of that. Ms Hultin says it best i believe, I will just add that as another stay at home dad raising teenagers, you got it wrong.
Wayne November 3, 2011 at 02:55 pm
For those who might not have seen it and those who should see it, the following link will take you to the declaration that OWS published on 9-29-11(since links are not supported here; copy/paste it)
http://www.facebook.com/OccupyWallSt?sk=info
Wayne November 3, 2011 at 02:57 pm
my apologies, apparently links are supported, be sure to click the "see more"
John November 3, 2011 at 04:34 pm
I agree with both Bruce and Lori in part that depending on what you are looking for is what you get out of the OWS movement. There is more than one single identity present at the gatherings. I've seen mostly hard working people calling for a change. I've seen some kids that are there out of romanticism and it's the "thing to do". Then there are those that just want to make trouble I like to call the "after Lakers win" crowd. Take that then add what media outlet you see coverage on that gets painted in a light towards that media outlets political views. Hopefully the true message does not get lost.
Wayne November 3, 2011 at 07:31 pm
Love the passion Larry..but all caps is hard to read and considered rude.
Larry Brown November 3, 2011 at 07:32 pm
And the problem with this "declaration" is what? The simple reality is that corporations along with the help of the Citizens United decision have used Wall Street to totally usurp the political process. They have legitimized bribery and perverted and destroyed our precious democracy. How ironic that these clowns who object to wanting to break up and re-regulate the financial services industry call themselves "free marketeers". If the patriots who threw tea in Boston Harbor in 1773 had the same acumen as the jokers who today choose to be their namesake, The Tea Party, but which has aligned itself with corporate America, they would have given King George a massage, offered him uncommitted sex and gone home smiling.
Larry Brown November 3, 2011 at 07:45 pm
I intend to organize a demonstration at the corner of Kanan and Thousand Oaks Blvd on a weekend morning and would love to meet some of my Agoura Hills neighbors. These jokers who refuse to believe that banks violated "truth in lending laws" by lying on loan docs, swindled investors, claimed to BE the lender when they were not, then were paid in full for loans they did not fund and then because they were not the actual lender, forged documents and perjured themselves in courts across the country to claim houses in foreclosure that they did not have any legal claim to or a penny of equity in. I intend to tell whoever is interested that Bank of American currently holds more bad paper than the total of all the currency of every country combined in the entire world. I HAVE had a bath, I am NO socialist and I subscribe to the words of economist Kevin Phillips who says "bad capitalism drives out good capitalism". Join me in demanding that the financial services industry be re-regulated and banks that were "too big to fail" and are now "too big to prosecute" by brought to justice and broken up!
Larry Brown November 3, 2011 at 07:56 pm
"The only good thing that came out of the '60s generation is a few good songs"? Values were lost? Values like shaming homosexuals and hiding teenage pregnancies? "Nothing good" like demonstrating until we ended an entirely useless war that killed 50,000 American soldiers for nothing? Values like prioritizing civil liberties that have somehow gotten lost in the social engineering of those who consider themselves liberal but are nothing more than social engineers who are mired in the slogans of the past but have failed to reckon the changes that have taken place? I question whether you and I were on the same planet during the 60s!
Wayne November 6, 2011 at 12:37 am
I would like to know what happened to Dave's comment also..
Jason November 6, 2011 at 01:38 pm
Lori, it seems hypocritical to me that you have created "successful programs for technology companies like Cisco, IBM and Boeing" which are publicly traded on the evil Wall Street. If Wall Street is such a big problem, why are you doing business with some of the biggest companies on Wall Street.
Wayne November 6, 2011 at 02:10 pm
@ jason.. because it certainly is "hypocritical" that having done business with large corporations one could not have formed an opinion about them.. right?
If you don't understand the role that "wall street" has played in the current economic morass and if you can't fathom how 10's of millions of Americans have suffered and continue to suffer because of corporate piracy and greed.. then you have your head in the proverbial sand. Dismiss OWS and the 99% all you want.. disparage and spread the echo chambers talking points to your hearts content.. we are not going away.
Lori Hultin November 7, 2011 at 03:23 am
Thank you, Wayne. Couldn't have said it better. Jason, I'm certainly not against our system of capitalism, nor am I against corporations making money or individuals in those corporations or working for those corporations making a living. What I am against are the tax loopholes, the "betting" on failure, the cheating and other insidious practices that have been allowed to flourish in the United States over the past 20+ years that have resulted in an increasing gap between rich and poor in this country and an erosion of the middle class. The playing field is no longer fair and the American dream is dying as a result. I'm not a "throw out the baby with the bathwater" person. I don't think corporations and Wall Street shouldn't exist - I think they should be regulated and prevented from waging unfair practices that hurt other people. I don't think there's anything hypocritical about that.
Bruce Sallan November 8, 2011 at 08:24 pm
Thank you Lori for not calling me names beyond implying I'm stupid. I NEVER said that what I wrote was about "ALL" these protesters. But, the irony is that these so-called "Peaceful" protesters have gone WAY beyond anything resembling peaceful since I wrote this column, ONLY validating my opinions thoroughly. For an incredible amount of discourse, check out the nearly 200 comments - for and against - on my own website: http://www.brucesallan.com/index.php/mycolumn/446-the-value-of-money-and-occupy-wall-street
Bruce Sallan November 8, 2011 at 08:24 pm
Thanks for your support Chris...as you obviously know NOTHING about real life!
Bruce Sallan November 8, 2011 at 08:25 pm
YOU see "hard-working people" John? WHERE?
Bruce Sallan November 8, 2011 at 08:26 pm
This "Joker" still thinks America is the best the world has EVER offered! Not to say that there can't be improvement. But, Europe is out there - I suggest you leave this horrid place and join them over there!
Bruce Sallan November 8, 2011 at 08:27 pm
FYI, Wayne, I DON'T moderate these comments. As you will see on my own website - BruceSallan.com - clearly I let EVERY comment stand.
Bruce Sallan November 8, 2011 at 08:28 pm
Excuse me Jason...I'm one of the protesters using my iPad and iPhone - I gotta go rally some more peeps - be right back! Down with capitalism! Would you pass the sugar for my latte, please?
Wayne November 8, 2011 at 09:53 pm
FYI bruce..I didn't accuse you of moderating anything on the patch site..except being out of touch and rather "talking point " obsessively rude..
the "lazy bums" you so off-handily lable are working hard to bring change to a system that has tilted to support only the 1%.. you'll probably never see that.. Wall Street has bought our government and we want it back..
Larry Brown November 8, 2011 at 10:09 pm
Clearly, a movement like this is certain to attract the usual anarchists and misfits who show up at such things for their own reasons but I find it very suspicious, downright bizarre, callous, skewed and out of perspective beyond credulity that Bruce seems much angrier at some misled teenagers than say, "Citigroup", who despite having a fiduciary responsibility to it's clients, earned hundreds of millions of dollars selling securities to pension funds, churches, and synagogues that THEY KNEW to be garbage, in their own words "crap" ... continued:
Larry Brown November 8, 2011 at 10:09 pm
and then they themselves, "shorted" and bet against the very garbage they had sold their trusting clients, making yet another killing. Bruce is very angry about "pampered kids with smart phones" but not B of A moving 23 TRILLION bucks worth of derivatives into tax payer insured accounts over the protests of the FDIC. Bruce is angry enough to comment about the lack of "organizational skills" of these protesters but apparently it is not a poor enough "organizational skill" to "fix prices" and "rig bids" in violation of law because Bank of America on Tuesday agreed to pay $67 million to settle charges of bid rigging, price fixing or paying $22 million in monetary relief for illegally foreclosing on active-duty soldiers. Bruce baby ... I really don't know how someone's priorities can go so far afield. I guess I should not be surprised though ... just today while driving home I heard Rush Limbaugh say "they have been gunning for him for years" in the course of defending Joe Paterno. It must just be me! LMAO
Wayne November 8, 2011 at 10:38 pm
good points Larry.. but understand that Bruce is just one of the echo chamber minions of the talking point wing of the conservative movement. He undoubtedly gets his marching orders from sources that we might not consider credible.
Larry Brown November 9, 2011 at 12:11 am
I am just getting started at organizing a demonstration for a Saturday morning at Kanana and T.O. Blvd. If anyone would like to participate I can be reached at LABROWN4BLUES@ROADRUNNER.COM
Larry Brown November 9, 2011 at 12:41 am
There is nothing wrong with Ipads or Smart Phones or even Latte Bruce. There is plenty wrong with serial fraud. Citigroup has a lot of company in this regard on Wall Street. According to a New York Times analysis, nearly all of the biggest financial companies — Goldman Sachs, Morgan Stanley, JP Morgan Chase and Bank of America among them — have settled fraud cases by promising that they would never again violate an antifraud law, only to have the S.E.C. conclude they did it again a few years later. A Times analysis of enforcement actions during the past 15 years found at least 51 cases in which the S.E.C. concluded that Wall Street firms had broken anti-fraud laws they had agreed never to breach. The 51 cases spanned 19 different firms. Of the 19 companies that the Times found to be repeat offenders over the last 15 years, 16 declined to comment. They read like a Wall Street who’s who: American International Group, Ameriprise, Bank of America, Bear Stearns, Columbia Management, Deutsche Asset Management, Credit Suisse, Goldman Sachs, JPMorgan Chase, Merrill Lynch, Morgan Stanley, Putnam Investments, Raymond James, RBC Dain Rauscher, UBS and Wells Fargo/Wachovia. I guess this is just Bruce's idea of "capitalism as usual"?
NoMoreTaxes! November 10, 2011 at 05:40 am
Can someone please tell me what these Occupy protests have accomplished? Seriously, what bank, CEO, or "criminal Wall St." person has been prosecuted? Why again are't the occupying near the White House or Barney Frank's house? Simpletons!
Chris Langford November 11, 2011 at 02:18 am
The Occupy phenomenon is bigger than any one list of demands or expectations. It is about a sea change in how we live, what we expect, not only from elected representatives but places where we eat, shop and rely on to look out for the best interests of us, our families and our communities. There is no single list or credo which will apply universally. And it is a bad mistake to argue that lots of folks hate capitalism. Some do, of course, and they will continue to argue and work for that end. But the most effective protection against that outcome is not name-calling or questioning motives. The best defense of capitalism is no more complicated than getting it right. If it can be done elsewhere, there is no reason it cannot be done right in America.
Occupy is a big conversation. Those who overlook or trivialize the Occupy movement, do so at their peril.
Chris Langford November 11, 2011 at 02:28 am
Occupy Wall Street protesters have just kicked off an epic march from NYC to Washington D.C. The group kicked off their two-week, 240-mile march on Wednesday at noon when dozens departed Liberty Square in Manhattan to McPherson Square in Washington D.C.
But don't forget, there is already an active Occupy movement in DC (in addition to every other capital city). Never doubt that a small group of committed people can change the world. Indeed, it is the only thing that ever has.
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