Well, you're preaching to the choir about bailouts for the financial institutions. The best that can be said of these bailouts is that they attenuated and stretched out time-wise the damage. It's a tough argument whether a short horrific collapse or a slow dismantling is the more painful route to recovery -- lots of folks hurt either way. To the extent that fraud was committed by some Wall Streeters, there are people needing a bit of time in jail as well as asset confiscation.
Yes, in a de facto fashion, using government largesse v tax assessment will likely screen out a higher percentage of lower-income persons. They are screened out, however, not because they are lower income but because they have a vested interest in pushing for higher benefits for themselves at the expense of other taxpayers. How would you address that concern?
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