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I was thinking along these lines yesterday. Some poor schmuck and his wife are given the incentive to purchase a home--part of the American dream, and considers himself to have arrived at last. The family does not have an increase in income for the past several years, but the expenses keep going up and they try to cover with credit for as long s they can but wind up in debt and lose everything. This family's struggle becomes the object of derision and they are mocked because they couldn't hold on to it or made poor economic choices, even if part of their problem might be that there was a medical crisis which took all of their income and savings.
Now the investments that Billo and his buddies make are viewed as different and, by some twisted logic, more worthy of covering with a parachute or being allowed to restructure that debt. No one comes for their retirement funds or the equity in their homes when they make a poor choice. I recently read an article about the number of celebrities that are really living lavish lifestyles on mountains of debt.
Corporations are treated even better than Billo-type investors. They are too big or too valuable to be allowed to fail. So much for the free market. Big business and a whole class of people have their collective thumb on the scale. The "free market" is a myth perpetuated by the greed class to hold onto wealth and power.
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