This is a classic statement by Shivanand Velmurugan
"When a government asks 99% of the population who own less than half of the country's wealth to bail out the 1% of the population who own 51% of the wealth the population has to decide whether it wants bankruptcy before revolution or revolution before bankruptcy. It really is that simple.""
4 comments:
Hey! Thanks for the link, but I didn't understand the hmmm... Do you think I'm wrong or right?!
actaully thats a very interesting statement that provokes the mind .. thats all.. and btw you are correct with the assessment :)_
Well, it's just the first thing that popped into my head as I watched the "bailout" proposals. Although, I must say that over time, as I ruminate more, I think that it is a required evil.
It is definitely something we will come to regret for the next 10 years, but I don't think there is a way around it. When the choice is between a bailout or depression, I'd choose the bailout
(I know I contradict myself. Imagine what life must be like for me :) )
Tis actually made me go "whaaaaaaaat?"
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