In A State Of Taxation Without Representation
Written By BGH
The nation is in financial ruin, brought about by many factors but one thing most likely certain… the average citizen had little hand in the selling of mortgage backed securities, default swaps or designing the next brontosaurus proportioned SUV for GM. Unqualified borrowers would not have received balloon loans, zero down payment mortgages on highly inflated home prices if it were not for unrelenting greed from corporations and deregulation by a congress playing the part of ‘willful accomplice’. The big three automakers might have been more successful if they hadn’t designed year after year, inefficient and large vehicles which very few would buy because of very little improvement except increased ‘size’.
If the good of the nation and welfare of its general populace were of any concern, regulation and recovery would be nearly (dare I say) ‘easy’. It would be inspired and direct, in essence a solid plan targeting the currently unrepresented average citizen. However, the prime directive most certainly would not be handing over billions, which will in all likelihood balloon into trillions of dollars, to the CEO’s in the top three percent income tax bracket who were at the helm during this ship’s course over the falls. So far in this ‘bailout’ endeavor there has been very little oversight, very little capitulation, very little remorse and a complete shunning of the common working man/woman. In some instances, blowhards have even went so far as to blame the collapse on everyone but the CEO’s, speculators and government entities in charge.
Our interests are not being represented by those we elect. Some may argue about the length of time this corporate influence has outweighed that of the constituent, but in the light of a crisis such the one we are experiencing now, it becomes apparent the voice of the people is shouted down by the dollars of the campaign benefactors.
We are being taxed, without representation, by those that would rather salvage the rich and sacrifice the poor. We are not the cause of the collapse and we will not benefit from any of the bailouts, though a better approach to mend wounds would be to invest in communities, the people and infrastructure, not write check after check to corporate leaders who have proven their corruptness.
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