Yes, the real aim and motivation of traders is to earn money and respect. What else should it be?
Why pick on traders? I know a lot of developers making well into six figures. I hear them talking about getting 3 new graphics cards for their gaming rigs instead of how they worked at a soup kitchen.
What is your point? That GS should be donating 100m to charity instead of reinvesting into their business?
Where do you think that money goes? Workers will be paid to implement their plan and taxes will be paid on those wages. In fact about 40% of that 100m will eventually end up being paid in taxes.
I don't mean to pick on traders. Nominally it's a hard and honest job and money made is money deserved.
The problem is that if I have a company [and this is a systemic example, no exceptions, see #1], and I allow (central-)bank "friendly" people on its board, so that we can receive as many low- or zero-interest loans (with open due date or refinancing at will, i.e. free money, printed freshly from thin air) from the bank, so that we can under-price, destroy and acquire all our competition, become a monopoly AND finance a massive lobbying power in the DC so that we can get laws passed which increase our profits (at the disadvantage of the citizen), you can bet all your savings that such system's demise is written in the fabric of space and time, because the most essential feedback loops (and the ones that you mention, the ones in the market, work in exactly the opposite way) in that system have been disabled and its just a runaway train without brakes.
Buying laws starts and finances wars, relaxes food, water and environmental toxicity limits, enables false advertising, eventually raises taxes, enables trading of derivatives so detached from reality that a computer game pales in comparison, you name it. The days of this system are numbered and we should really speed up the development of trustless alternatives based on blockchain, or we're going to hit the wall really hard.
Why pick on traders? I know a lot of developers making well into six figures. I hear them talking about getting 3 new graphics cards for their gaming rigs instead of how they worked at a soup kitchen.
What is your point? That GS should be donating 100m to charity instead of reinvesting into their business?
Where do you think that money goes? Workers will be paid to implement their plan and taxes will be paid on those wages. In fact about 40% of that 100m will eventually end up being paid in taxes.