Create a Dreamwidth Account
Site and Account
Reload page in style:
Just Another Idiot
2008-04-14 02:36 pm (UTC)
"Liberal" has meant a lot of different things. I'm never sure what's meant by it anymore. The Wikipedia article on
(http://en.wikipedia.org/wiki/Liberal) looks like it is really interesting! but I don't have time to read it all. But it gets across the point, which is that "liberal" is ambiguous when you're talking about economic issues.
, that one of the obstacles is that the people making the decisions are all relatively wealthy. It seems to me like this gives them a different set of incentives than those that impel the typical taxpayer.
OTOH, principles aside, I've been told that the point of corporate welfare is that things will suck even more for Average Joe if many major corporations fail. It's the ugly flip side of trickle-down economics: suckiness trickles down too, maybe more effectively than wealth does. I'm not an economist, but I find the argument plausible, at least. Not that I don't see the problem with, effectively, providing insurance against Really Stupid Decisions, i.e. that we will encourage more of them, perhaps to the point where the government is no longer *able* to insure against them because it's gone broke.
...but then if we don't bail out the corporations, and a bunch of the big ones fail, who're we gonna tax to get the revenue that keeps the huge machine running? This seems like a pretty big can of "aw, shit" no matter how you slice it.
Thread from start
This account has disabled anonymous posting.
You can comment on this post while signed in with an account from many other sites, once you have confirmed your email address.
Sign in using OpenID
If you don't have an account you can
create one now
HTML doesn't work in the subject.
Check spelling during preview
This account is set to log the IP addresses of everyone who comments.
Links will be displayed as unclickable URLs to help prevent spam.
Just Another Idiot
Expand Cut Tags
No cut tags
Page generated Sep. 23rd, 2017 11:09 am
Top of page