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Do Bailouts and Entitlements operate on the same plane? What is the difference?
Entitlements, as far as I know, have been frowned down upon as handoust to the poor. What, if any similarity, do Bailouts to the rich have?
5 Answers
- 1 decade agoFavorite Answer
There is no difference. American capitalism means we privatize profits and socialize losses. It is very similar to the fascist regimes of National Socialism practiced by Germany in the 30's and 40's. Wars are used to build profits for the industrial and financial elites. It is always the common man who pays the price.
- Anonymous1 decade ago
I love how there is an expectation that when institutions are in crisis the rich are bailed out.
They are driven by self centered pure greed and will take all the profits but none of the blame and then panic and demand handouts if there is any hint that their greed and corruption will result in a loss.
All the while they decidedly go about intentional minimizing their tax obligations and payments, screw workers on entitlements and a decent wage in the companies they own shares in and more than likely deceive the tax office or embezzle funds into offshore havens.yet they will still vote on mega packages for the boards of directors that build this wealth at the expense of the workers and their families.
If you want to invest your money ( in reality gamble your money) in investment companies then take the losses as well as take the profits.
F*&k bailouts.... some of these worthless bastards should be living on the street, maybe then they will learn a bit about humanity and humility!.
If they do not they have less integrity than dog shitt ! Actually they are lower than dog shitt
The only real difference between wall street and skid row is one bad investment decision.
- mal.blackLv 41 decade ago
I hate this saying but..."The bottom line" is that the rich will have their assets protected . They will use their wealth to buy back into the stock market as soon as possible.
As Wall St brokers have always said "Buy when there's blood on the floor"
They will get richer and the people who lost their homes will never be able to get credit or buy a house again.
I just love watching the conservatives squirm around trying to sound like capitalists when implementing Socialist Policies..lol
Unfortunately the American tax payers and their children will be paying off this debt and debt that George W. Bush has run up with his invasion of Iraq for the next 25-30 years with nearly all of it going to China.
- Douglas SLv 61 decade ago
If you are receiving any of the above, I'm sure you feel it is justified.
If you are watching as someone else drinks from a free trough, it looks like pigs nursing off the government.
Some of both may be justified, a lot of either is just plain wrong.
Why billionaires need saving is something I'm trying to wrestle with.
If a restaurant, or a car lot goes out of business, no one sheds a tear.
Why is a bank different? It is tough to comprehend that this requires a Presidential action.
What guarantees are they putting up that they won't repeat the losses with the next $700 Billion?
It scares me, that they can/have/may continue to be, so reckless.
$700 billion and no one fired, no one in jail, just; "oops!" It seems wrong, doesn't it?
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- RubyLv 61 decade ago
Both are socialism. Bailouts amount to socialism for the power elite at the expense of the ordinary people. Entitlements amount to socialism for all the people but they don't penalize the power elite because the power don't pay taxes. The employ teams of attorneys and accountants to find all of the tax loopholes.
These articles explain it better.