Quote:
Originally Posted by kahljorn
still i dont think its raising taxes on rich people that gets people's panties in a bunch.
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Right, Its rich people getting fat bonus checks payed for by the taxpayer that gets peoples panties in a bunch. As far as communism, people were screaming communism and socialism as soon their was talk about a bail out. When big companies (or even little ones) begin to collapse smaller companies or competitors buy them out and take over. Or they can opt to sell portions of their company so they become smaller and more stable. This is how its been done for decades and how it should still be done. If one company gets a bail out how many more are then going to want one? Who is to say who should and shouldnt get one? Who is to say how much they should get? Also we noticed with the whole AIG thing, where is the oversight? Should the government be allowed to tell them what they can and cant do with the money? Is it now their money? To do with what they wish? Or should the government be able to step in and tell them what they can do with it? If the government does step in, how much can they step in? Do they just take over? If they do how could any other company compete with the government who they have to pay taxes to?