Saturday, December 20, 2008

Unintended Consequences

So guess NY discouraged Goldman Sachs from paying bonuses to their execs given that the firm was getting federal bailout $$$. Makes sense, but the unintended consequence? NY State lost $178 million as a result. We're nowhere near there yet, but this points in the direction of the class warfare endgame: whenever the middle class gets rid of the upper class, they become the upper class. If Wall Street isn't bankrolling NY State's expenses, then the remaining New Yorkers are (sooner or later).

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