Government bailout redistributes wealth from poor to rich

Liberty For All
by Mary J. Ruwart

07/22/08

Instead of investors losing most of what they paid for their stock, you and I will pick up the tab. The promised bailout has to come from our pockets, because we are the government’s only source of income. Government must tax us or create inflation by borrowing (the most likely scenario). The buying power of our savings and paychecks will plummet. People on fixed incomes (e.g., seniors) will be hurt the most...

http://www.libertyforall.net/?p=1372


Informant: Thomas L. Knapp

 

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