Countries bailing out banks and then becoming bankrupt themselves - idiotic.
If bank bankrupts - people loose only the money that they have in bank.
Therefor rich people looses the most but not middle class or lower class
which makes up more than 90% of population. Oh damn. It just clicked to me
that countries go bankrupt just because rich people don't want to loose money
if banks goes bankrupt.
So when countries go bankrupt. Who looses? Middle class and lower class -
again simple folks pay the price. Because IMF bails out country
and then orders government to raise taxes, reduce health care,
benefits and so on. Lowering GNI per capita and standard of living.
No one should ever again bail out banks. Why?
Because we will pay the price again if it happens.
Let rich people - businessmen, banksters, politicians
pay for their mistakes.
If bank bankrupts - people loose only the money that they have in bank.
Therefor rich people looses the most but not middle class or lower class
which makes up more than 90% of population. Oh damn. It just clicked to me
that countries go bankrupt just because rich people don't want to loose money
if banks goes bankrupt.
So when countries go bankrupt. Who looses? Middle class and lower class -
again simple folks pay the price. Because IMF bails out country
and then orders government to raise taxes, reduce health care,
benefits and so on. Lowering GNI per capita and standard of living.
No one should ever again bail out banks. Why?
Because we will pay the price again if it happens.
Let rich people - businessmen, banksters, politicians
pay for their mistakes.
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