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Actual wall street gets bailed out by government (taxpayers). OWS wants taxpayers to voluntarily bailout private individuals. I understand the human side of i
by corkill 14y ago
Actual wall street gets bailed out by government (taxpayers).
OWS wants taxpayers to voluntarily bailout private individuals.
I understand the human side of it, helping relieve people of debt seems like a noble cause. But the economics of it seem so warped to me, can someone explain why allocating money to forgive private debt is a good thing economically?
- logn 14y agoWhen the markets dropped and wealth "vanished" the government fixed it by adding back that wealth by printing money and giving it to banks. Same concept with giving it to people. OWS and like-minds oppose corporate welfare when it's not afforded to common people.