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Old 11-25-11, 08:05 PM   #11
tater
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Join Date: Mar 2007
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Quote:
Originally Posted by mookiemookie View Post
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.
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.
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