Home > personal > Privatization of Profits and a Socialization of Costs

Privatization of Profits and a Socialization of Costs

April 25th, 2009

The title is an excellent starting query for everyone trying to understand why the “bailout” schemes that have taken place will ultimately lead to another crisis and do little to really improve the economy.

Ok, gentle reader, you got me… there is some bias in the previous statement. But it is late and as a tax payer I am a bit bitter about bailing out failed businessmen. Thanks.

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  1. claudia
    April 26th, 2009 at 19:05 | #1

    ahem, how many taxes are you paying … ;-)

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