Of All the Dumb Ideas
The idea of using taxpayers’ money to bail out failing companies would have to be one of the worst.
Let me see if I’ve got this right. The government is going to take money from companies and people who get things right, who care for their assets, make sound management decisions, and thus provide a future for their clients, employees and shareholders, and give that money to people and companies who don’t.
And this is supposed to supposed to ensure greater employment and a sound financial future. It won’t. And it is a disincentive to future financial responsibility. How would any state, business or person be encouraged to be responsible when those who have been careful managers are punished with increased taxation, and those who have not are rewarded with hand-outs?
This is a plan which is monumentally and obviously self-destructive of future financial growth.