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by rhubarbtree
29 days ago
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Interestingly, this is how a lot of rich people make their money. They do something bad and then get the state to bail them out. For example, bankers trading recklessly, taking the bonuses and then leaving govt to sort out the mess, effectively back-paying their bonuses. Another example is privatisation in the UK: scrap all investment, load the company with debt, leave the consumer and govt to sort out the mess. So the rich do it too, just on a much grander scale. |
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-- James Jeffrey Roche (1847 - 1908)