Big Business Bail Out

700 Billion dollar bailout, with the possibility that this will grow to 1 Trillion dollars!   The government has fooled the American general public into thinking that it is necessary to bail out a bunch of companies that profited from a false boom in the economy.  This false boom was created by the Bush administrations removal of key regulations that used to protect the market from bad business practices.  This move is not designed to help homeowners or tax payers.  Executives of companies that have made poor decisions are going to walk out of this making a huge profit, while the American taxpayer is now placed into debt that will ensure the collapse of social security and also ensure that the health care system will remain the same.  

How come this money was not offered to the individuals that lost their homes?  Instead, now we are protecting those who have the most to lose…the rich!  Forget about the poor middle class family that has to tell their children they are moving.  We have to protect those with millions invested from losing a few points.  Yes we’ll fool the regular American public that is already federally insured and tell them they aren’t.  Then, we’ll take taxpayer money and give it to those who live off their interest and only pay a meager 15% capital gains tax while the average worker pays over 33%.  Bailing out companies who have failed based on performance and poor judgment is not the goal of capitalism.  If the taxpayer is paying for it, the taxpayer should own it.  

Now, the current generation gets to keep the status quo.  While the younger generation is saddled with a burden that we will never be able to overcome.  What about the new generation of children?  Do we really want to leave them with nothing but debt?  Our economy has shifted to services rather than production of goods.  How can that possibly be profitable?  There used to be trade restrictions to protect our economy.  Now we don't produce anything.  We ship jobs overseas to get bigger stock prices here.  That cycle can't possibly continue.  Enron based all of its profits on speculation.  When it turned out that all of those numbers where false, the company collapsed.  Should we have saved Enron.?  No.  Why are we saving these idiots from doing the same thing?  Land did not double in value.  The value of the dollar declined.  

Mark my words, the only way to fix this country is to raise the capital gains tax.  We need to raise the capital gains tax on the upper 1%.  The people who don’t do anything but live off old money.  So for any entrepreneurs trying to make a buck, these rules don't apply to you. The goal is to encourage economic growth at home.  Maybe if we get the upper class to stop sending our jobs to China we can maintain our status as free people.  Otherwise why did we fight the British if we were just going to let a new bourgeoisie form.  The gap between the upper class and middle class is growing exponentially and it needs to be reversed.  If the upper 1% payed the same as the average person, the budget crisis in this country could be eliminated.  If it isn’t, the middle class will no longer exist and seeds of revolution will be planted.