The Great Bailout means we will be paying for the losses of the rich.
The stock market is a legalized gambling arena. It is not investing. Only buying into IPOs (Initial Public Offerings) is investing. Everything after that is just gambling whether prices will rise or fall.
And in the last few decades the market has created ways of gambling to allow rich people to gamble even more than they own, lately called “derivatives” which are ways to leverage bets so you can bet more than you own. Well, the high rollers gambled trillions of dollars, and they are now losing.
What happens when we gamble and lose? We lost everything. What happens when they gamble and lose? They ask the government to make us pay for their losses. When they won, and made billions of dollars for themselves, did we get any of that? Now that they are losing, are we going to make them use their winnings to cover their losses?
Don’t you wish you could gamble money you don’t own, and when you win you keep it, but when you lose then just make someone else cover your losses?
And we are going to let the people we voted into office do it to us.
