Freedom For You

I want this blog to be a modern Magna Carta, from the 1215 event which gave some rights to individuals.

Sunday, October 05, 2008

The per person cost of the bailout

If the financial bailout of 2008 costs 800 billion, that equals to a $2600 tab for every man, woman, and child in the U.S. Most of the cost will be paid by the producers which are about 150 million people, thus they will pay the cost of almost $5000 per producer.

In an essay by William Graham Summer titled "The Forgotten Man"
http://www.blupete.com/Literature/Essays/Best/SumnerForgotten.htm Summer talked about the costs associated with government programs. The bailout will take $5000 from the "forgotten man" who could have used the money in a more efficient way to make the economy grow.

Others have paid a high price by the government's enabling of easy credit. They were living on artificially inflated values of their assets. Now they have to pay the price. Not only were their assets inflated, so were their expectations. Our expectations are inflated because we have been told by our government schools that we are all equal and 'deserve' equal respect. We are told by our government that we are "entitled to--". Feminism has told women they do not need a man so her expectations of self are inflated. American Idol and American Gladiator have inflated the expectations that we all will get our 15 minutes of fame. The romance media has inflated our expectations that the prefect mate is out there.

If you think our expectations are not inflated, try to imagine the expectations of one living 100 years ago, or a thousand years ago. Try to imagine the expectations of one living in a cave ten thousand years ago.

Charles Tolleson
--------------------------------------------
"Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude." (Alexis de Tocqueville, in a speech to the French Assembly, September 12, 1848.)
------------------------------------
"And what are the people but a herd confused,
A miscellaneous rabble who extol
Things vulgar, and well weighed, scarce worth the praise?
They praise, and they admire they know not what,
And know not whom, but as one leads the other." John Milton

0 Comments:

Post a Comment

Note: Only a member of this blog may post a comment.

<< Home