Was chatting about politics tonight during a long drive and one of the folks in our discussion made an interesting observation.
While there is populist support for punishing the banks who accepted tax dollars during the bail outs and continue to pay out big bonuses, we appear to be witnessing yet another political shell game from this administration.
This anger that President Obama is tapping into as a means to levy a special tax on these banks is blinding us to what is really going on here.
Think about it.
First they take tax dollars and pump the money into the banks to prop them up. At the same time, nothing is done to restrict bonus pay outs; in fact, maybe nothing can be done if these are contractual obligations.
Next, as bonuses are handed out, demonize the evil bankers who are taking taxpayer money and putting it in their own pockets (a right reserve for politicians).
Then, levy a special tax to punish the bankers and get back some of those tax dollars. But… this money isn’t the same money we gave the banks.
Oh no, this is a special tax that can be used to fund other programs. If this tax hurts the banks to the point where they can not repay what they owe, well that would be unfortunate indeed. But you can’t expect us to pay back tax payers with this tax, the two are unrelated. Why your money is still owed to you by the banks… talk to them about it.
Pretty straight forward money laundering.
Our money goes into the banks, “tax” money comes out, a nice new revenue stream for whatever program the Dems want to support (I heard one actually pushing for the money to go directly from this tax to Haiti). What happened to our money?
Don’t look at us, ask the evil bankers.
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