I've been thinking about the saying: "Socialism for the rich and capitalism for the poor" While I agree with what it's meant to convey (which is, essentially the Cantillon effect), I can't get over the fact that it portrays socialism as the "good" system. What's a better way to say it?
i never really thought out it in that way, but yes i think you're right. it does give that impression.
"bailouts for the rich, bootstraps for the poor"? in reference to the boomer meme.
reply
I like that
reply
"Socialized losses, privatized gains" is a better description, but it's not of exactly the same thing.
reply
"Bailouts for the rich, bail-ins for the poor" ?
reply
That's really good, but most people probably haven't heard of bail-ins.
reply
Hah, yeah... I hope they never will.
reply
+1.
reply