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Wednesday, December 15, 2010

The Taxpayers Won’t Benefit

Why does everyone say the taxpayers will be winners when the banks, AIG, and GM repay their TARP and other bailout money with interest? The taxpayers won’t see a dime! I doubt if any money will even go toward reducing the debt. The only real winners will be the politicians and their anointed beneficiaries. Our (mis)representatives don’t represent anyone but themselves.

So let’s stop this nonsense about the bailouts being such a great investment for the taxpayers. And let’s not forget the untold opportunity costs of bailing out special interests. Broken windows, you know.

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.