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Lol... If you bought a Ferrari 250 GTO for 175k$ back in the 60s (inflation-adjusted) and sold it today for 176k$, you would have technically made a "profit" of
by andrepd 4y ago
Lol... If you bought a Ferrari 250 GTO for 175k$ back in the 60s (inflation-adjusted) and sold it today for 176k$, you would have technically made a "profit" of about 0.6%. Only you have made a very stupid deal because you could have sold it for 70 million.
The same applies here: these companies would go under without state intervention, the very least you could do is gain a large stake in the equity of those companies, in exchange for bailing them out. That and criminal liability for the people in charge.
- vorpalhex 4y agoThe government is not a private investor. That money would not have made huge returns anymore than medicare does. We _do_ gain from bailing them out - we tax them. We do not put business owners in jail for losing the risk game. There are plenty of corrupt governments that do the sort of things you are suggesting, such as Russia. They are not considered effective economies and their corruption ruins their ability to be functional.