>>>Why does income distribution matter in a free market capitalistic society if not for one's jealousy?
>>>Why should I care what some banker on Wall St. makes as a bonus?
>>
>>Free market ?
>>http://www.zerohedge.com/news/hedge-fund-insider-explains-why-retail-investors-should-flee-stock-market
>
>The stock market is a piece, but not the whole of free market capitalism.
>Is it rigged for professional insiders? Yes
>Does the Congress trade on insider information? Yes
>Can a savvy investor still make a good amount of money. Yes
>Can retirement accounts still generate better returns than the broader indexes? Yes
>
>I agree with many points of the article, however, that doesn't make it a casino. Casino games have a built in house advantage that you cannot overcome. Casino games have nothing behind them, whereas all stock is backed by a company of real people, ideas, goods and services which over the long term will win out over the even the most aggressive traders.
>
>Besides, there's no stopping anyone from working hard, and putting investment capital with a hedge fund once they're an accredited investor. http://www.sec.gov/answers/accred.htm.
>
>>Sure thing. Almost perfect equilibrium of free society living in the land of equal opportunity...
>>Wish you every luck in overtaking that lucky amateur Warren Buffet :))
>
>Thank you. I don't plan to devote the time and effort it would require to be as successful as Buffet, however, if I can daisy-chain a couple moon-shots, who knows I may change career paths. ;)

Is "Buffet" a conservative in-joke I don't get? His last name is spelled Buffett. (You know, the same way as his brother Jimmy <g>).