I'm often asked why I don't celebrate Christmas. I shrug off the question with a simple, "I just don't." It's really only the half-truth... My family has never really celebrated Christmas in the traditional sense. My mom did put up a tree for me for a few years when I was really young, but that was basically it. Maybe we're lethargic or apathetic - or a combination of both, but we never got into the holiday.
However, as I got older, I started to learn more about my history and realized how I should celebrate the holidays. The story of my first Christmas is very unique and tells a tale about struggles, oppression, and finally, freedom. The events that occurred on that day has allowed me to appreciate everything in life, from the mundane to the those that really matter. This is the story of my first Christmas.
My parents were caught up in a conflict known as the Vietnamese border raids in Thailand. It was a conflict that occurred from 1979 to 1988, which dispersed millions of Vietnamese and Cambodian citizens across three nations, many of which ended up in the refugee camps on the Cambodia-Thai border. This infamous region is known as the Dangrek Mountains; a site that is associated with inhumanity.
They made the decision to escape Vietnam shortly after they got married and had to reach Thailand where the conflicts were much more subsided and refugees were being relocated all across the world. With literally nothing, they trekked hundreds of miles from Soc Trang, Vietnam to Phnom Penh, Cambodia. To say the trek was long and arduous would be an understatement considering the war-like conditions of Asia. Years of conflict through multiple wars really did make the regions unsafe as minefields littered the country. After arriving in Phnom Penh, they had to take a train to Battambang, but were too poor to pay for a train ticket. My parents, along with dozens of others, sneaked onto the train which led to the first obstacle.
Mom and dad were quietly looking out the window as the train voyaged on. A train inspector entered the car and looked towards my parents immediately. He saw the lighter skin tone and lack of characteristics commonly found in Cambodians. If he could find out they were not Cambodian, my parents would be forced off the train as trespassers. The inspector asked a question in his native tongue. My dad replied back in Cambodian to the shock of the inspector. The inspector looked at my mom, who did not speak Cambodian and did not understand what he was saying. Quickly, my dad interrupted and said "My wife, she is both mute and deaf." The employee stared at my parents and dismissed them as lighter-skinned Cambodians, and gave them a pass even though they lacked ID and a ticket. A sigh of relief. My dad, a life-saving skill perhaps, was able to pick up the Cambodian language, very fluently in fact, during a short period of time. This allowed them to continue their way north under this ruse.
This train ride was frequently interrupted with stops as the train tracks had been destroyed from the war. Passengers would have to exit one train and board a new train, sometimes miles away. At times, transported by bus, motorcycle, or by horse to the next train stop.
Finally arriving in Battambang, they were not greeted with cheers. Instead, my parents were sent to an outskirt town and put in a prison. The prison loved taking people in because humanitarian organizations like the Red Cross and the UN would pay rice in exchange for the release of prisoners. My parents were fortunate enough to be selected as trade bait and were placed on the Red Cross's list to leave to Canada, but the ordeal was not over as they still had to go to another camp, known as Nong Samet, for placement.
The camp was situated in the jungle and the trail into it was a sliver wide, where a small error in judgement would result in catastrophe. It was covered with mines and where there were no mines were dead bodies. My parents described the refugee camps as filthy and full of disease. While residing in the refugee camp, I was conceived. I was born so thin that my body looked undeveloped, as the silhouette of my organs could be seen. Not given much chance to live, but my parents did what they could.
But my mom was malnourished. We had no food, and my mom weighed just 65 pounds that day. She was unable to breast feed her own son. Luckily, other mothers were very giving and fed me their excess breast milk, and other families fed my parents congee and water. It was months of pure starvation for my parents but they survived, barely.
My dad recalled it may have been Christmas Day, and we were told that we were being taken away to freedom, but suddenly, tanks started rolling in and my family was right in the middle of a war zone. Bombs, gunfire, and tank shells blasted the camps. 60,000 refugees took cover and tried to escape the mayhem, not wanting to be a casualty of war. Hundreds, including my own family, hid underneath a cliff that was a waterfall in the summer, but a dry well in the winter. The Thai soldiers that accompanied us were also hiding there. They were forced to shoot or beat babies that cried, often to death, for fear that their cries would alarm their enemies towards us, yet by some miracle, I did not cry. This allowed us to remain alive among the dead.
When the sun rose, the battle had ended. The dead and alive were covered in ashes from fire that destroyed parts of the camps and jungle. The chaperones started calling the names of those who were listed on the Red Cross's list to stand on one side and the rest on another side. One man that had not been selected ran to the selected group and tried to give us a letter to give to his loved ones, but the Thai soldier shot and killed him for disobeying them. It was unruly and vicious, but it was the law and order of the times.
The bus awaiting for the lucky folks was seven miles away, understandably being cautious as to not enter the camps just hours after a battle. My dad, holding me and an empty bag for food, and my mother, too weak from giving birth still, would become abandoned by the rest of the group because we were too slow.
The remainder of the group had been at the bus waiting for us, but many were getting impatient and restless. An argument ensued between refugees and staff. "The Luu family is dead! Get us out of here," someone yelled.
"My job is to make sure we count everyone on the list. We cannot leave until we find them, dead or alive," replied the driver. Staff and refugees continued to fight over the process when suddenly a man yells. "There they are!"
My parents emerged from the jungle with cuts all over their body. Their clothing torn to bits from the thorns and bushes. Blood soaked my dad's body and clothing. The Red Cross associates ran towards us and helped us get onto the bus. They gave buns the size of a fist and one hard-boiled egg. It was not very much, but for my dad, after having not eaten in more than 24 hours, it felt like a buffet. My mother received a blanket and turned it into a Tarzan-like tunik for me. Up until that point, I had been naked since birth, but that blanket was my first Christmas gift ever courtesy of the Red Cross.
My family was relocated to Edmonton Canada in May 1985 - a place I now proudly call home. I couldn't be prouder to be Canadian and I have always been so thankful for those that accepted us into their country when a lack of trust existed towards Vietnamese and Asians at the time.
Remember how people often ask me why I don't celebrate Christmas. I shrug off the question with a simple, "I just don't." It's only the half-truth. I feel blessed everyday knowing that each moment is a gift. I am surrounded by people that matter more than any present. The whole truth is "I just don't need to."
Post-Script
After years of research, we recently found the historical event on a Wikipedia page "https://en.wikipedia.org/wiki/Vietnamese_border_raids_in_Thailand" and I contacted the Associated Press for more details in 2018 about this article, however they have not yet responded to date. Thank you for reading my family's story!
Market Falling on Options Expiration Week
Playing the Expiry: December 17, 2011
It is the final options expiration week for 2011 and the markets look spooked, still. A Christmas rally does not look like it is in the works, at least, not this week anyways. The US markets are showing some negative signals and it's best we take advantage of the higher prices before the selling continues.
The S&P 500 and Dow Jones broke below the 200-day moving average today. Both charts also show a negative DMI and MACD forming. These signals often predict a short-term market sell-off, or in the worst case (for traders), a lack of a rally.
Netflix [NFLX:NSD] has been a weekly candidate for options writing. A potentially volatile stock which lacks the massive volatility needed. The shares have been range-bound for quite some time, and with the market most likely getting ready to fall a little further, take advantage of the December 72.50 call. After a sudden spike in a few minutes on Wednesday, the call options have added extra premium for us writers to hope and pray. The shares are trading at $71.00 right now and the calls are $1.11. That is a return against market value of 1.56 per cent and upwards protection 3.68 per cent.
Las Vegas Sands [LVS:NYSE] has shown some weakness over the past week. The shares have not broken below its support in the $40 range, but I do not expect the shares to rally against the market's trend either. Consider writing some out of the money call options, with the December 42 calls appearing to be the most attractive. The shares are trading at $41.00 and the calls are bidding $0.26 per contract. That is a return against market value of 0.63 per cent and upside protection of 3.07 per cent. Another added bonus could be if the shares do rise tomorrow, consider writing a put as well for an extra return.
There weren't too many attractive trades this week to implement on Wednesday. It looks like many of the call options have lost a lot of value due to investor sentiment. The shares above are the usual ones I trade, so there's nothing special here.
If you want to take on less risk, considering writing the McDonald's [MCD:NYSE] 97.50 call and put for a short straddle trade. Premiums would net you about $1.08 on a low-volatile stock. The shares are at $97.43. Remember to close out the option on Friday by the way.
Other considerations would be an IBM strangle at 185 and 190. You'll earn about $1.20 here.
The table below breaks down the real-life returns and margin required. Remember that returns below assume full expiration on all options, including straddled trades. Consider your investment needs and objectives before implementing any uncovered option trades.
It is the final options expiration week for 2011 and the markets look spooked, still. A Christmas rally does not look like it is in the works, at least, not this week anyways. The US markets are showing some negative signals and it's best we take advantage of the higher prices before the selling continues.
The S&P 500 and Dow Jones broke below the 200-day moving average today. Both charts also show a negative DMI and MACD forming. These signals often predict a short-term market sell-off, or in the worst case (for traders), a lack of a rally.
Netflix [NFLX:NSD] has been a weekly candidate for options writing. A potentially volatile stock which lacks the massive volatility needed. The shares have been range-bound for quite some time, and with the market most likely getting ready to fall a little further, take advantage of the December 72.50 call. After a sudden spike in a few minutes on Wednesday, the call options have added extra premium for us writers to hope and pray. The shares are trading at $71.00 right now and the calls are $1.11. That is a return against market value of 1.56 per cent and upwards protection 3.68 per cent.
Las Vegas Sands [LVS:NYSE] has shown some weakness over the past week. The shares have not broken below its support in the $40 range, but I do not expect the shares to rally against the market's trend either. Consider writing some out of the money call options, with the December 42 calls appearing to be the most attractive. The shares are trading at $41.00 and the calls are bidding $0.26 per contract. That is a return against market value of 0.63 per cent and upside protection of 3.07 per cent. Another added bonus could be if the shares do rise tomorrow, consider writing a put as well for an extra return.
There weren't too many attractive trades this week to implement on Wednesday. It looks like many of the call options have lost a lot of value due to investor sentiment. The shares above are the usual ones I trade, so there's nothing special here.
If you want to take on less risk, considering writing the McDonald's [MCD:NYSE] 97.50 call and put for a short straddle trade. Premiums would net you about $1.08 on a low-volatile stock. The shares are at $97.43. Remember to close out the option on Friday by the way.
Other considerations would be an IBM strangle at 185 and 190. You'll earn about $1.20 here.
The table below breaks down the real-life returns and margin required. Remember that returns below assume full expiration on all options, including straddled trades. Consider your investment needs and objectives before implementing any uncovered option trades.
| Company Name | Premium (per pair) | Approx. margin (per pair) | Return Against MV | Real Return |
| Netflix | $111 | $2,175 | 1.56% | 5.10% |
| Las Vegas Sands | $26 | $1,260 | 0.63% | 2.06% |
| McDonald's | $108 | $2,925 | 1.10% | 3.69% |
| IBM | $120 | $5,700 | 0.64% | 2.10% |
Sideways Plays
Playing the Expiry: December 9, 2011
Detecting the sideways action of the American markets has given option traders yet another upper hand in the battle for riches. Although I have not posted a PTE blog post in a while (I mean, maybe ten people read this anyways), you surely would have beaten the market by doing absolutely nothing! Let's take a look at some trades I implemented this week which could prove profitable.
The sideways market has kept many shares trading in a tight range with no sign that volume will re-enter to push it one way or another. Shares of Las Vegas Sands [LVS:NYSE] have been caught between $42 and $48 with most of the price-action in between $44 and $47. A short combination or strangle is an appealing trade here. The December 9 call and put options are bidding $0.31 and $0.32 respectively. That nets $0.63 a pair or 1.40 per cent return against market value. The shares, trading at about $45.10 currently, would have to fall 3.84 per cent to $43.37 or rise 3.39 per cent to $46.63 before a loss would occur. Considering we have two days and one hour left, those are pretty good odds.
International Business Machines [IBM:NYSE] also known as IBM, has broken above the $190 resistance level and has continued to slowly push higher. It is currently trading at roughly $193.50. Although some technical traders might see the shares moving higher, I don't believe it will make a massive move in the short-term. The shares should remain above $190 but will most likely stay below $195 by Friday. Consider writing the 195 call and 190 put options. The current bids are $0.83 and $0.48 respectively; that nets $1.31. The break-even range is $188.69 to $196.31 or a fall of 2.49 per cent to a rise of 1.45 per cent. The return would be just 0.68 per cent because IBM is a very low volatile, stable company.
Lastly, this sideways market has also affected commodities too. Silver has shown a lack of volatility over the past three months and especially over the last 30 days, where a trading has constricted to $30 to $32. The iShares Silver Trust [SLV:NYSE] is currently at $31.54; consider writing a strangle with a 31 and 32 strike price. The 31 puts are only $0.20 and the 32 calls now only $0.24. But at $0.44 against the market price, that represents 1.40 per cent return for the next few days. This trade also gives you a break-even range of $30.44 to $32.44, which provides downside protection of 3.49 per cent and upside protection of 2.85 per cent.
I thought it would be more effective to also include the real-life returns to show that returns against market value (as posted above) are well below the real returns. The average options writer should be able to earn 3 per cent a week. This table will now be included in the final section of each PTE post. All trades assume normal margin requirements and options expire worthless by Friday.
Disclaimer: Writing uncovered (or naked) options requires substantial margin and is only available to sophisticated traders. Uncovered calls have unlimited risk and can have infinite losses. Before making any trade, always discuss this with your advisor or professional broker. Reminder that all Playing the Expiry posts are considered and executed transactions for my account and should not be taken as professional advice.
Detecting the sideways action of the American markets has given option traders yet another upper hand in the battle for riches. Although I have not posted a PTE blog post in a while (I mean, maybe ten people read this anyways), you surely would have beaten the market by doing absolutely nothing! Let's take a look at some trades I implemented this week which could prove profitable.
The sideways market has kept many shares trading in a tight range with no sign that volume will re-enter to push it one way or another. Shares of Las Vegas Sands [LVS:NYSE] have been caught between $42 and $48 with most of the price-action in between $44 and $47. A short combination or strangle is an appealing trade here. The December 9 call and put options are bidding $0.31 and $0.32 respectively. That nets $0.63 a pair or 1.40 per cent return against market value. The shares, trading at about $45.10 currently, would have to fall 3.84 per cent to $43.37 or rise 3.39 per cent to $46.63 before a loss would occur. Considering we have two days and one hour left, those are pretty good odds.
International Business Machines [IBM:NYSE] also known as IBM, has broken above the $190 resistance level and has continued to slowly push higher. It is currently trading at roughly $193.50. Although some technical traders might see the shares moving higher, I don't believe it will make a massive move in the short-term. The shares should remain above $190 but will most likely stay below $195 by Friday. Consider writing the 195 call and 190 put options. The current bids are $0.83 and $0.48 respectively; that nets $1.31. The break-even range is $188.69 to $196.31 or a fall of 2.49 per cent to a rise of 1.45 per cent. The return would be just 0.68 per cent because IBM is a very low volatile, stable company.
Lastly, this sideways market has also affected commodities too. Silver has shown a lack of volatility over the past three months and especially over the last 30 days, where a trading has constricted to $30 to $32. The iShares Silver Trust [SLV:NYSE] is currently at $31.54; consider writing a strangle with a 31 and 32 strike price. The 31 puts are only $0.20 and the 32 calls now only $0.24. But at $0.44 against the market price, that represents 1.40 per cent return for the next few days. This trade also gives you a break-even range of $30.44 to $32.44, which provides downside protection of 3.49 per cent and upside protection of 2.85 per cent.
I thought it would be more effective to also include the real-life returns to show that returns against market value (as posted above) are well below the real returns. The average options writer should be able to earn 3 per cent a week. This table will now be included in the final section of each PTE post. All trades assume normal margin requirements and options expire worthless by Friday.
| Company Name | Premium per pair | Approx. margin per pair | Return Against MV | Real Return |
| Las Vegas Sands | $63 | $1,380 | 1.40% | 4.56% |
| IBM | $131 | $5,850 | 0.68% | 2.24% |
| iShares Silver | $48 | $960 | 1.40% | 5.00% |
Disclaimer: Writing uncovered (or naked) options requires substantial margin and is only available to sophisticated traders. Uncovered calls have unlimited risk and can have infinite losses. Before making any trade, always discuss this with your advisor or professional broker. Reminder that all Playing the Expiry posts are considered and executed transactions for my account and should not be taken as professional advice.
Remembrance Day Options
Playing the Expiry: November 11, 2011
Don't expect a lot of activity leading up to and including November 11, where both Canadian and Americans will celebrate Remembrance Day and Veterans' Day respectively. Strangely, both Canadian and Americans markets are open on the statutory holiday, but as usual, there will be no settlement. So, with the markets having fallen more than 3 per cent today, a flat week or even a short-term rise could be in the works. Fortunately, intra-day volatility continues to exist, allowing us options writers to make a fortune.
Here are some trades to consider which were executed by me today.
Las Vegas Sands [LVS:NYSE] has found a home between $40 and $50 over the past year. The shares had reached $48.08 yesterday but have fallen with the market to just above $46. The 45 puts for this week look like a good deal. The shares have slipped below $45 many times, but have always crawled back above 45, which is an advantage if you get caught in the money on Friday. The puts are $0.40 per contract. That represents a return of 0.87 per cent return and downside protection of 3.38 per cent. The shares have already fallen 3.87 per cent today, so there is an argument that the shares won't fall another 3.38. Shares don't often fall 7.5 per cent over three days under normal circumstances.
Baidu [BIDU:NSD] has also taken a hit today and put premiums are up. Consider the 130 put for $0.60 per contract. This is only a return of 0.44 per cent, but it's a safer play, especially since the shares have fallen below a short-term support level of $140. You are protected from an additional drop of 4.85 per cent. A riskier play could be the 135 puts which are $2.03. That is a return of 1.49 per cent, but has only 2.22 per cent protection.
Netflix [NFLX:NSD] has shown an inability to remain above $90. Writing the 90 calls would earn you $1.10 at least. That is about 1.21 per cent yield against the market price. And the shares would have to rise 3.52 per cent in two days before you lose money. If you believe that the shares will remain sideways, consider writing the 85 puts as well for an additional $0.85 or so. Note that the shares have had massive volatility on Thursday and Friday in the past few weeks, so taking one side of the trade might be more wise. Over the past weeks, I had written only puts, but have seen the shares create a rounding top formation at just above $90, indicating the rally after earnings is fading.
Before I finish, I want to say one last thing. This Friday, we celebrate our soldiers that lived or died through wars and courageously fought or sacrificed with their lives so that we can live in a peaceful country. Although this world still has its woes, as represented by current military soldiers, we can not thank our brothers and sisters in arms enough.
Don't expect a lot of activity leading up to and including November 11, where both Canadian and Americans will celebrate Remembrance Day and Veterans' Day respectively. Strangely, both Canadian and Americans markets are open on the statutory holiday, but as usual, there will be no settlement. So, with the markets having fallen more than 3 per cent today, a flat week or even a short-term rise could be in the works. Fortunately, intra-day volatility continues to exist, allowing us options writers to make a fortune.
Here are some trades to consider which were executed by me today.
Las Vegas Sands [LVS:NYSE] has found a home between $40 and $50 over the past year. The shares had reached $48.08 yesterday but have fallen with the market to just above $46. The 45 puts for this week look like a good deal. The shares have slipped below $45 many times, but have always crawled back above 45, which is an advantage if you get caught in the money on Friday. The puts are $0.40 per contract. That represents a return of 0.87 per cent return and downside protection of 3.38 per cent. The shares have already fallen 3.87 per cent today, so there is an argument that the shares won't fall another 3.38. Shares don't often fall 7.5 per cent over three days under normal circumstances.
Baidu [BIDU:NSD] has also taken a hit today and put premiums are up. Consider the 130 put for $0.60 per contract. This is only a return of 0.44 per cent, but it's a safer play, especially since the shares have fallen below a short-term support level of $140. You are protected from an additional drop of 4.85 per cent. A riskier play could be the 135 puts which are $2.03. That is a return of 1.49 per cent, but has only 2.22 per cent protection.
Netflix [NFLX:NSD] has shown an inability to remain above $90. Writing the 90 calls would earn you $1.10 at least. That is about 1.21 per cent yield against the market price. And the shares would have to rise 3.52 per cent in two days before you lose money. If you believe that the shares will remain sideways, consider writing the 85 puts as well for an additional $0.85 or so. Note that the shares have had massive volatility on Thursday and Friday in the past few weeks, so taking one side of the trade might be more wise. Over the past weeks, I had written only puts, but have seen the shares create a rounding top formation at just above $90, indicating the rally after earnings is fading.
Before I finish, I want to say one last thing. This Friday, we celebrate our soldiers that lived or died through wars and courageously fought or sacrificed with their lives so that we can live in a peaceful country. Although this world still has its woes, as represented by current military soldiers, we can not thank our brothers and sisters in arms enough.
Occupy Wall Street? No, Occupy Humanity
My opinions on Occupy Wall Street (OWS) and any other derivative form won't earn me any new friends. The demonstrations represent the ideals of free speech and protest in a democratic society and I for one hope these values stand the test of time, but the Occupy Wall Street movement, which apparently stands for nothing or everything, is a hypocrisy, and I'm starting to question if protestors are eating their cake and having it too.
Let's get this straight. I am not a right-wing nut job like Rush Limbaugh or Glenn Beck claiming that they are lazy, unemployed, angry hippies trying to ruin American capitalism. I believe they are angry at a system they perceive to favour the rich at the expense of the poor. I believe they view themselves as the victim of a government system that can be bought. I believe they want an end to corruption at the top. But we are being manipulated by the "fair" media that tend to shift from facts to finger pointing because it is the ideal thing to do. And don't anybody dare say the media is not to blame here, when in every situation, the media is always to blame. I also believe that many have never been in a position of power and that the participants of the demonstrations asking for the end of "moral greys" are morally no better than the people in positions of power. It just happens the latter are; the ending results would very likely be identical.
The democratic system that so many perceive as no longer representing the 99 per cent is being questioned through the voices of the rally. The general problem is that these rallies are against a large entity, known as the corporation. In reality, a corporation is run by thousands of workers making conscious decisions to benefit their company, their family, or themselves. A corporation exists because it is run by the 99 per cent but a corporation itself is not corrupt; it is that humans are corrupt - easily persuaded by money and power. This is the underlying issue that has created a broken democracy.
For us 99 per cent, it is unfair to criticize and slander those in positions of power for making greedy decisions. I have seen many instances where the common man has taken bribes, stolen from family to make a few extra bucks, and compromised their own values for supposedly justified reasons. Money can motivate men to do both good and evil. People know the laws of their countries, the commandments of their religions, the policies of their company, but people break them for selfish gains. I just find it ironic, perhaps hypocritical, that occupiers can whine about the rich and then go back to work and try to earn that promotion.
Here's something to think about. It is believed that up to 15 per cent of Americans are defrauding unemployment benefits from their government at a time when so many Americans are against wasteful government spending. Other taxpayers are bailing out these lazy bums for up to 99 weeks while they sit on their couches (or occupy Wall Street) criticizing banks for accepting money they don't necessarily deserve. To clarify to some, the bail out packages were loans and have largely been paid back. Another thing, thousands of Americans have purposely claimed bankruptcy just so they don't have to repay their mortgages because they want to protect themselves first. As we see, greed exists in humans at all levels of wealth.
I read on a MarketWatch forum from a poster that the 99 per cent do not have a say in capitalism anymore, and elections are too few and far away for our voices to be heard, but this is just not true. As consumers, we have the most powerful voices in a capitalistic economy with our wallets. We as individuals choose what companies we support by purchasing their brands, but we never put money where our mouth is. I have a friend that is against the child-labour practices of Apple, but justified purchasing an iPhone for its look. I know many people who are against outsourcing jobs, but they choose to buy the cheaper product made in China. Americans want to secure health care, but there is a battle against raising taxes half a per cent to help millions. People will fight for their environment, their democracy, their norm, but people do not change habits or take action where it really counts. This rally against corporate America is meaningless and hypocritical.
Upon Steve Jobs's death, occupiers set up a temporary memorial in his honour, which I deemed to be undermining. Protestors grieved and lamented at the former Apple boss, with one person saying that he made the world a better place. That biased opinion just wouldn't sit with me. He didn't change the world for the better, he changed lives for the wealthy Westerners living in North America and Europe, at the cost of the poor, at the cost of children in China working in their factories, and at the cost of the environment. This individual appeared in front of the camera and did not support the antics of Wall Street, but, for the decisions of Jobs; a greedy and egotistical boss that did not promote charitable donations; whose company is valued as the largest in the world by market capitalization; and has the most cash ever in the history of the world, more than the US Treasury; never once giving a dime back to shareholders, he approved because he probably owned an iPhone, iPad, or iPod somewhere and did not want to seem like a hypocrite. Occupiers can not unite against the destruction of their world by corporations while revering them too.
The super wealthy are wealthy because of our decisions. They have not stolen from the poor; they have earned a large piece of the pie. They created great companies offering great products and services that we all loved and admired a few weeks ago, but demonize today. It is strange that the protestors are shamelessly receiving free Starbucks coffee, free wifi, and free fancy tents. That's a thousand times more than a child in Ethiopia would ever see in their life time if he even made it to adulthood. This child has more of a reason to protest wealth inequality than we do, that's for sure. I for one would like to know that if I worked my butt off, I could one day be wealthy without the evil eye from the common man staring with envy.
But how rich would I have to be before I am considered the evil 1 per cent playing the role of "backwards Robin Hood?" In Canada, to be classified as a top 1 per cent earner, an individual would have a salary above $200,000. These include doctors, lawyers, engineers, small business owners, and professional athletes, hardly an enemy by any definition.
The protestors are rallying against something unclear, but it represents anger at the economy, at government, at everything that has not gone right in their lives. My Canadian government provides free education and subsidized post-secondary education so that its citizens can achieve great heights, universal health care because they want its citizens to be healthy and help run a democracy, multiple political parties to represent a wide array of opinions and beliefs with checks and balances, the ability to walk safely anywhere I choose. My Canadian democracy is not perfect. It might be guided by corporate hands. It might be somewhat corrupt at all levels. So what? It is run by humans who are not perfect. Honestly, the people of Occupy Wall Street, Occupy Toronto, Occupy Edmonton have never seen real poverty, real government corruption, real oppression. These people are 83 per cent luckier than the entire world and will always be.
The resolution of our problems do not involve changing the rules of democracy or destroying government or redistributing wealth. The resolution exists only when people realize we all act corruptly, have a thirst for money and power, and every action has a reaction, and decide to change our collective behaviours, but that will never happen. The rally lacks clarity and objectives. I have not heard one demonstrator make a suggestion on how to make this free world better. I have only heard criticisms and attacks at corporations and governments. The rally has not conceived a solution, just garnered attention at the belief this is the start of change. I don't think it's remotely similar enough to even compare Occupy protests to spring time Middle East revolts; it is unfair and blind. I think these demonstrations are a farce and this is why I do not support Occupy Wall Street and its derivatives forms. Instead, we should be occupying humanity.
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