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To: Gondring
My money being confiscated and given to "bail out" private losses.

Exactly what money of yours has been given to cover exactly which losses? Please be as specific as you can. Thanks.

13 posted on 07/21/2008 9:29:05 AM PDT by Toddsterpatriot (Half the time it could seem funny, the other half's just too sad.)
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To: Toddsterpatriot; Gondring
"...make a bad decision and you're the only one, you're out of luck. But if you follow the herd doing something stupid, you're rewarded..."

Classic herd mindset.

Pretty much new to the US; for generations Americans would say things like "squeaky wheel gets the grease", "build a better mousetrap..." or "early bird catches the worm."   Contrast those to a typical Japanese saying "the nail that sticks out gets hammered down".

OK, so we got some Americans that have joined the herd.  No problem, the rest of us are still typical American 'cowboys' rounding them up...

14 posted on 07/21/2008 1:57:06 PM PDT by expat_panama
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To: Toddsterpatriot
Exactly what money of yours has been given to cover exactly which losses? Please be as specific as you can. Thanks.

Hi, Toddsterpatriot. There are many, many cases...but I'll give you one as an example: National Flood Insurance Program.

Whether it's decades of the taxpayer subsidizing the insurance of people in flood-prone areas, or the taxpayer-subsized (government) purchase of flood-prone land at inflated rates in the 90s, or the rebuilding of a city that flooded and is sinking (this decade), we have plenty of examples. When I moved to my address, I took the time and expense to examine historical aerial photos and soil survey maps, and consulted a geologist to confirm the site. When flooding took out 250 places below, I was glad I wasn't living in a former river channel...but did I ever get a check from the government to subsidize the engagement of a geologist? No. Did they thank me for being responsible? :-) No.

Additionally, even if there are no tax raises directly associated with bailouts, don't be fooled that you're not losing money. Devaluing the dollar and increasing your debt burden are two ways the government can confiscate money from you without having to increase tax rates. And that's the current favorite method.

19 posted on 07/22/2008 10:33:02 PM PDT by Gondring (I'll give up my right to die when hell freezes over my dead body!)
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