Sunday, July 5, 2009

If You Can't Sell It, You Don't Own It

There's been some talk about how the US taxpayer now owns GM, banks, etc. The logic is something like: the government owns X, and since the government is for and by the people, the people own X. BS. The people used to own these institutions through stocks and bonds, which they were able to sell on the open market if they chose - but in many cases these people have been wiped out. The only people, now, who can sell your stake in these institutions are people who work for the government.

There is, of course, a way out of this - issue stock to the taxpayers whose money you stole to fund the bailouts. This won't happen, of course, because our government is now fascist.

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