Non-rich people get bailed out constantly. What else is unemployment, Medicaid, welfare, social security, etc? Plus things like eviction moratoriums, foreclosure protection, FMLA, etc. The social safety net often protects those that made bad life decisions… or were just unlucky, but are we sure SVB isn’t in the latter category?
To be clear, I think it’s a good thing. Just let’s not pretend the government is only ever helping the rich.
The entire argument of the pro-business, pro-capitalist crowd is that they deserve massive profits because they are the ones taking on risk. Except when they take big hits because of the risk they themselves took on, they also want bailouts. They want all the profits with none of the consequences for risky behavior.
So the difference here is that individuals get the safety net because they are just trying to exist. They're not getting "bailouts", they're getting assistance for things like food and shelter and medical bills.
To be clear, I think it’s a good thing. Just let’s not pretend the government is only ever helping the rich.
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