The Conspiracy of the Rich

"Socialism took control during the last depression. Massive goverment welfare programs were created. Rather than teaching people to fish, we gave people fish-even rich people. If the United States were a true capitalist nation, we would let the economy fall, not prop it up with bailout upon bailout. Bear markets, market crashes, and depressions are the economy's way of hitting the reset button. Recessions and depressions correct the mistakes made and reveal the crimes committed during the boom times."

"Today, instead of hitting the reset button, we hand out trillions of dollars to the incompetent, the fraudulent, and the obsolete. Bear markets exist to clean out the faults, scams, and ineffiencies that grew from a preceding bull market. Rather than let the bear market do its work, we let the goverment pay billions of dollars in bailout money to bankers who loaded the world with fraudulent debt, when we should be sending those bankers to jail. Businesses like General Motors that grew too fat and lazy during the good times to compete in the bad times are saved from bankruptcy. Executives who are firing thousands of workers are given cash bonuses and golden parachutes as the businesses they were entrusted with protecting and growing instead contract and, as the company's share price drops, investors lose their money."

"That is not capitalism. Today's bailout goverment is socialism-for the rich. In many ways, it is worse than Marxism or communism, because at least those systems had the illusion of being for the people. Those systems at least preached the redistribution of money from the rich to the poor, even if they didn't practice it. Our bailouts, however, take money from the poor in the form of taxes and give it to the rich. I am not pointing the finger at President Obama. This cash heist has been going on for years. It has become a practice for the very rich to use our goverment to take from the poor and middle class and to give to the rich. Today, we've made it a practice to tax those who produce and to reward the lazy, the crooked, and the incompetent."

Robert T. Kiyosaki