Democratic lawmakers try to craft legislation that will create a special class of businesses considered "too big to fail" regardless of whatever foolish decisions they make. Congresswoman Shelley Moore Capito is fighting to prevent this from happening. She stated emphatically that "taxpayer dollars should not be used to cover mistakes made on Wall Street or by any private corporation in the future." She also demanded that the government "stop playing CEO with taxpayer dollars and get out of the business of picking winners and losers."
Ms. Capito is right. When government decides which businesses should always be helped while others slide into failure, this opens the door wide to corruption, not to mention violating the spirit of the equal protection clause of the 14th Amendment. What incentive does a business have to make reasonable decisions when they believe the taxpayers will always bail them out? How is that fair to a business outside the loop?
Shelley Moore Capito believes in capitalism and the rule of law. She proves it every day by fighting for fair capitalist competition instead of protection for the friends of fat cat Democratic congressmen.
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