What is the value of smart decisions in a country that rewards stupidity?
October 9th, 2008 admin Location: Raleigh, North Carolina“The bailout doesn’t seem to be working” the news announced today. Now, the question is not if it works or not. The question really is what is the value of smart financial decisions in a country that rewards irresponsibility and stupidity? And the answer is the value is 0.
Why would the goverment want to help the people that bought houses that they couldn’t afford or in terms that they didn’t review, while not being fair to the ones that are paying their mortgages on time. Perhaps everybody should be defaulting on their payments in order to renegotiate their interest and their principals!
The crazy part, in my opinion, is that it is not a bad plan to help economy in a perfect world. But in the world in which we live, it is like giving tax money directly to the people that caused the problem in the first place. So it is like a parent that has an irresponsible kid and a responsible one. The irresponsible one takes all his toys and throws them away. Then, the parent takes some of the toys of the responsible one and gives them to the first. The result? Both kids are now left with less toys overall and the trust of the responsible kid in his parents is crippled for ever.
Why should the taxpayers trust the government?
