"But I do know that the more wealth held in the hands of the few, especially when obtained via legal loopholes, or white collar theft (or taxpayer funded bailouts), the greater the economic imbalances that arise."
It was the elected government that put a taxpayer funded bailout in the hands of a few not Ayn Rand.
"When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church." AR
If the government was to confiscate all the wealth of all the billionaires in the US right now it would barely pay a smidgen on the national debt. All that happens with a tax payer funded bail out is a dilution of the money supply with bad managers being rewarded and good managers being penalized and the average joe having less buying clout. All it does is buy some time on an inevitable collapse and make that collapse bigger.
"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed." AR |
