A SMALL PROPOSAL
Not many of you could have possibly escaped the recent gyrations of our financial markets, or the responses of our government in dealing with the crises. Regardless of the pundit’s position in favoring or opposing government bailouts of private companies, there is one thing on which they all agree – we, the taxpayers, will be footing the bills which will continue to come in by the billions. Just today, one commentator, noting the rapid upswing of stock prices in the past two days, said, “This could not have happened merely by placing the reserves of the Treasury Department behind the failing companies. It required the bipartisan efforts of Congress, pledging the limitless (taxing) power over the production of the American people to stem the tide.”
Please don’t misunderstand. I’m as patriotic as the next person, but somehow I’m not completely cheered by the prospect of Congress using my earnings, alongside those of my co-workers (many of whom are working two jobs to support their families) to plug holes in a financial dam created by Wall Street and financial company executives grown immeasurably wealthy by building the house of cards we just seen tumble down. Call me a curmudgeon if you will, but I would be more cheered if I saw those same executives stripped of their bonuses and their ill-gotten gains. Sell their yachts and multi-million dollar second homes. Refund that money to the Treasury. Allow them to experience the same poverty and unemployment they have caused for their employees and investors.In addition, I think we should develop a new reality show for TV. Line up the small investors who have lost some or all of their life savings in these enterprises on both side of Wall Street. Equip them with small stones or perhaps allow the octogenarians to use their canes. Then have the most egregious offenders run the gauntlet of these injured investors. Better yet, make the event pay-per view, and donate the proceeds to those who had been harmed. Given our county’s lust for blood sport, this one should be a sell-out.