No, what I am saying is people that make their living by trading derivatives, futures options, churning stock trades, etc. are non-producers that have figured out a way to make loads of money on the sweat of others. Remember the guy about ten years ago that bought oil futures at $100 a barrel just to be the first person to do it? That guy is exhibit A in my argument.
Your argument is dead on arrival. Those activities, whether the people who initiate them intend it or not, is what raises the money that becomes venture capital, investment revenue, and bank loans for your company, for my practice.
If investment and stock trading cease, if the derivatives and futures markets close, there is no money that generates the work that becomes "the sweat of others." Failing to see that is exceptionally myopic, and the equivalent of biting the hand that feeds you. Let those activities "go away" and see what it costs you to borrow money, if you can borrow it at all. See how fast your business dries up and fails because no one is generating the investment funds that drive the economy. Without investment, trading, speculation, there is no economy, plain and simple. Even in the infancy of this nation's expansion, the general stores and the feed and seed suppliers west of the Mississippi depended heavily on investment in the products produced out west by people with money back east who apparently had no part of that production. The reality was, the production was the direct result of the investment, and that hasn't changed today.
To claim that investors, traders, speculators, etc., produce "nothing" is to expose extreme naivete about how this economy works.
