Quote:
Originally Posted by BWinmill
It could also be that citizens demand these bailouts. Sure, a great many of those citizens will complain about them, and even campaign against them, yet they always seem to support it implicitly when they choose the candidates who seek to create jobs through tax breaks and preserve jobs through bailouts. And who would blame them: the first order of business is always a roof over your head and food on the table.
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Some citizens. Those with a vested interest in the panhandling.
If there were really a broad-based need among the taxpayers, you'd be looking at a Cyprus type of disaster. Those are (so far) rare. Fortunately.
Once the structures are in place for one reason or another, they *will* be used. Repeatedly.
Over and over, for less and less critical "crises" until they are routinely used for trivialities.
Subsidy culture is self-perpetuating the world over.