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> Tax payers aren’t responsible for any of this. The tax payers who voted for the politicians who drafted, voted for, and signed the legislation to relax banki
by mywittyname 3y ago
> Tax payers aren’t responsible for any of this.
The tax payers who voted for the politicians who drafted, voted for, and signed the legislation to relax banking (or any) regulations absolutely are responsible for this. But it's not like we can just send the bill to these people.
Perhaps one day we will get it through peoples' thick skulls that deregulation leads to tax payer bailouts - be that financial institution bail outs, the public paying to cleanup environmental disasters, or whatever. But I'm not hopeful. Most voters listen to the blatant lies and culture war BS being fed to them constantly.
Corporations are largely going to do whatever they can to make a buck. The best you can do to combat this is put laws in place to prevent bad behavior and have a strong enforcement arm to ensure that it's cheaper to follow the laws than it is to break them.