Friday, September 19, 2008

Failure just isn't the same for the rich as the poor !!!!

Look, I am no financial expert but this much is obvious, it is so obvious, it is a no-brainer.
Let me lay it out for you as simply as I can, using these headlines as examples.

What is wrong with this?

In hard times, tent cities rise across the country
Homeless encampments are springing up around the country, including this one next to the homeless shelter in downtown Reno, Nev.
Versus this?
Bad-debt bank in pipeline


The real fact of the matter is there is no "Capitalism" for the uber-wealthy and their big corporations. They are not subjected to the free market constraints, the best, brightest & hardest working succeed and are rewarded ,with the poorest failing.

Capitalism and the free market and all it's supposed attributes etc., are what is forced on the regular working stiffs. Ya know, the middle and lower classes.

For the uber-wealthy corporate crowd failure means the government will take the taxes amassed from the working classes, whose backs are broken already under the weight of this corporate greed gone wrong, and will bail the alleged "movers and shakers" of the corporate world out. For the rich and big business there are corporate hand-outs or corporate welfare! Have no fear, the idiots of the crashed economy are taking their golden parachutes with them!
In this scenario failure means bail-out.

What is there for the working classes? For them failure means something altogether different. See the people sleeping in the tents? Tents in parking lots! No golden parachute. None of their own tax dollars are of any benefit to them! For them, there are job losses, home losses, pension losses, healthcare losses etc. etc. That is no bail-out for them.
In this scenario failure means your on your own!

Failure, it just isn't the same for the rich as the poor.

The banks, insurance companies, etc. in their lust and greed for short term gain, brought long term pain to bear on so many, the world over. So, why aren't they in the tents?

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