Where the Bailout Went Wrong

[gimpy117]

Originally Posted by tater

Where did the bailout money come from? They borrowed it. Who will pay for the borrowed money? The people who pay disproportionate taxes. I am indeed curious how wealth never owned by the poor can make the rich, rich. The sum total wealth of the bottom tiers isn't enough to make a huge difference. It's not like they used to have it and gave it away.

Not in favor of the bailout, BTW, I'd have let companies fail.

except they don't, because they have many deductions, and accounts to hide much of their earnings. there are some very clever accountants out there. If GE can pay NO taxes then im sure some clever accountants are working for their million and billionaire clients as well.

Plus theres the fact that they makes sickening amounts of money..and after taxes the amount taken by uncle sam matter much less than the amount taken from the average joe.