Comment by Obscurity4340
Comment by Obscurity4340 18 hours ago
How does the average taxpayer ever actually end up benefitting point blank?
Comment by Obscurity4340 18 hours ago
How does the average taxpayer ever actually end up benefitting point blank?
Was going to say, gotta check first how long that money was tied up for the profits to really mean anything. How well would that investment have done vs index funds or gold? Or what if you adjusted all dollars for supply?
Was that profit diverted from companies that were better managed and didn't get a bailout? We can see who won. Who lost? And why is the government deciding winners and losers? Why especially when the government is one of those winners?
To be clear, that bailout was passed by the Congress. This is a new phase of the President gets to just bail out anyone.
Profits from the stake lower taxes that would otherwise be levied on you? Of course that’s moot if the deficit isn’t something being taken seriously.
Deficits aren't real and 10% of $0 when they likely go bankrupt is $0
Not that I agree with bail-outs, but 2008 financial crisis that resulted in a number of bail outs actually netted the treasury a profit.
> In total, U.S. government economic bailouts related to the 2008 financial crisis had federal outflows (expenditures, loans, and investments) of $633.6 billion and inflows (funds returned to the Treasury as interest, dividends, fees, or stock warrant repurchases) of $754.8 billion, for a net profit of $121 billion
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program