General Discussion
In reply to the discussion: If you are in the 1% you are nothing but an exploiter [View all]WDIM
(1,662 posts)But my point is the super wealthy create the conditions that our economy operates. The greed of the super wealthy is the reason for poor and homeless many times.
The bank bailout of 2008 is a great example. We sent billionaires billions of dollars to save their banks due to bad loans that they knew would go bad. These billionaires didnt risk their own personal assets instead they took from all the people to cover their own bad bets. And when the people saved their bad bets they still foreclosed on the peoples homes sent people to live on the street and ruined lives that people are still recovering from to this day.
So these mega billionaires were the panhandlers and they took 700 billionaire dollars from the tax payer and it wasnt the tax payer that okayed it. It was the banks hired representatives in washington dc and the bush crime family that okayed it.
So when your panhandler friend makes 700 billion with a gun to the head of the american people come back and maybe youll have a comparison.