Quote:
Sinfidel wrote
If a Union attempts to get a large wage increase for its members, government soon steps in and puts the kibosh on that. And then there's the legislated "minimum wage" for the working poor, which actually becomes the maximum wage. But, for the rich and greedy, government heartily approves greed unlimited. After all, the legislature is a good ole boys club of millionaires who dare not ruffle the feathers of their fellow greeedsters. They even provide huge bonuses to crooked bankers, paid for, of course, by the minimum wage crowd when they get taxed on their Walmart purchases, while the greedsters avoid paying their share through the miracle of tax havens, available only to the rich and greedy.
Capitalism? OK, but there need to be limits on greed. Fat chance of that, until the gullibles stop electing criminals to govern them in fake democracies.
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Great post! I agree with this almost completely. Cronyism, subsidies, bailouts, tariffs, tax breaks and all other forms of government corporate welfare that favor one group above another are fucking immoral and should be abolished. They are not free market principles. They pick winners and losers and create a two-tier society where access to opportunity is not equal. This hurts not just those outside the favored circle but the economy as a whole, as it creates artificiality and undermines the principles of a free market economic engine — killing or discouraging innovation, competition and participation, as well as other beneficial economic activity.