Sunday, May 2, 2010

Bumper Sticker

I recently saw a bumper sticker that read, "Socialism: a good idea until you run out of other people's money." By this definition, most financial endeavors in our society are socialist enterprises. Think of it, banking, finance, insurance, and the stock market all involve generating profits or loss (mostly loss these days) by taking unwarrented risks with other people's money.

1 comment:

  1. And when they fail most generally the "common people" pick up the tab.