SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : John McCain for President -- Ignore unavailable to you. Want to Upgrade?


To: longnshort who wrote (4915)10/25/2008 3:30:16 PM
From: RetiredNow  Read Replies (1) | Respond to of 6579
 
The way it has been working is very simple. The rich buy legislators and influence in Washington. Then they pass laws that cut their own taxes or benefit their businesses, while simultaneously make it harder on the rank and file. For example, the oil companies have had a 7 year beautiful run with a complicit government that gave them tax breaks and subsidies, while starting wars that boosted the price of oil into the stratosphere. High oil prices have bled consumers dry, while enriching the oil companies and their executives. Another example is Wall Street firms buying influence, even as they fleece their own companies. Then when they've finished raiding them, their companies go bankrupt and our government has to bail them out. They've already made of with hundreds of millions, but that isn't enough for them. With the government bailouts, many of them get to stay on at exorbitant salaries to skim off even more loot. Around and around the merrigoround goes, while you and I get poorer and the super rich get richer.

Don't kid yourself. You aren't among the super rich and your defense of them is at the expense of yourself. You may be that naive, but I am not.