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When the US government bails out those airlines, they're using taxpayer moneys to do so. To be fair, if this bailout does result in a return, then you could vie
by magicsmoke 7y ago
When the US government bails out those airlines, they're using taxpayer moneys to do so. To be fair, if this bailout does result in a return, then you could view it as a government investing its tax revenues in profitable investments, sort of like a sovereign wealth fund. However, this viewpoint requires a level of trust in the government to act as a responsible steward of its tax coffers for the betterment of its people which frankly isn't there in today's political climate. With the level of mistrust towards the US government and megacorps, any bailout seems like the elites using taxpayer money to build a safety net for themselves that the average citizen doesn't have. It ultimately isn't a problem with the numbers in the books, but with pent up discontent in the minds of the public over these past decades about how society just doesn't seem to be in their best interests anymore. If you yourself aren't helped by the government when hard times hit, why should the elites get any help, regardless of whether benefits will trickle down to you?
- LatteLazy 7y agoI think you're right about the general attitude, I just get really frustrated by it. The bailouts were help for normal people (the alternative was double digit mortgage interest rates and everyone's house being under water). And the bailouts turned a cash profit too, so right now we're all paying less tax for more services than we otherwise would. The fact people don't know these simple facts makes me wonder how much longer democracy can be made to work. People just believe whatever sounds most exciting and then vote against things that are in their (and the national) interest. What's a guy to do!?