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Since the poor and near-poor pay far less in taxes than the services they receive, that's irrelevant. The middle class and non-connected sort-of-wealthy are th
by kevinpet 14y ago
Since the poor and near-poor pay far less in taxes than the services they receive, that's irrelevant.
The middle class and non-connected sort-of-wealthy are the ones getting screwed by the bailouts.
Unless you assume that the poor have a right to what others earn (as opposed to simply the right to not get screwed and exploited by the wealthy, as the parent is talking about), then the poor have nothing to complain about as far as bailouts go.
- natrius 14y ago"The middle class and non-connected sort-of-wealthy are the ones getting screwed by the bailouts." They're still better off with the bailouts than they'd be without them. They'd be even better off if policies that prevented the necessity of bailouts were in place back then. I hope the policy changes since then have been enough.
- Lazare 14y agoENOUGH?! To a first approximation, there has not been one policy change in the US that will reduce the necessity of future bailouts. (Basically, the single overwhelming issue is "too big to fail". To the limited extent that this has been addressed at all by regulatory changes such as Dodd-Frank, it has been to make the problem worse.)
- natrius 14y agoCan you explain how the problem has been made worse? I used "hope" mainly because I don't know the details.