Quote:
Originally Posted by mookiemookie
Indeed. The rules are different for the 1% and the rest of everyone else. The 1% take risks and have everyone bail them out when they blow up.
Privatize the profits, socialize the losses.
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Everyone else bails them out? How, exactly, when they pay little or no income tax? Or are you concerned about people in the top 20% who don't happen to be in the top 0.1% who might actually get bailed out? That's fine by me, I was against all the bail outs, I thought the market should do its work.
Again, payroll taxes do not count in the least, since that is in effect a retirement program for the poor, and they will in fact pull out far more than they ever put in. Anyone in the top 20-40% will not get a positive return.