Originally posted by Breakbeat
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Yes, when wealthy businessman and CEOs store their money outside of the U.S., in places that don't report to the IRS, they are causing a leakage in the economy, but Obama raising taxes on them is going to encourage even more people to store their money outside of U.S. to avoid paying too much taxes.
Here's a rule for you. The bailout comes with strings attached. This is how it works; the government tells the company that they will give them an X amount of sum, but in order to get the money, this and that has to be changed. Either take the money and let the government tell you what to do, or don't take the money and go bankrupt. That's perhaps one reason why Obama gets to choose a CEO for a private company.
This is why I don't like the bailout and I don't like Obama.
The bottom line is, government is giving failing companies millions and millions of dollars and increasing our national debt, and than it gets involved in the market and tells those companies how to run their business. And still there are people saying that Obama is not a socialist... come on!
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