[quote=davelj]That’s an imperfect but reasonably good analogy.
And the Uncle Sam that’s bailing us out is… Us. And the specific “Us” that’s bailing us out is principally comprised of taxpayers in the top 10% of income earners, who collectively pay 70% of all federal income taxes (including SS and Medicare). And federal income taxes + SS + Medicare + corporate taxes comprise over 95% of all federal revenue. Now, I’m not complaining about this, I’m merely pointing out that it’s principally the top income earners who are financing this bail out. Which in many ways makes sense as arguably they – collectively – are the principal beneficiaries.[/quote]
Of course, one could also argue that all the public employees who are being made the scapegoats for our “financial crisis” are the ones who will really end up paying for this bailout.
