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This is just the tip of the iceberg!
http://www.washingtonpost.com/invest...d98_story.html
I don't know why these people are getting a bad rap. They're just doing what the government does; take from the rich and give to the poor, or not so poor, or even other rich folks. The important thing is that the money is taken and given, or spent. We all know it's a whole lot easier to spend other people's money; there's even an acronym for it; OPM. These so-called embezzlers are just doing their part to water green shoots with OPM. Obviously, the money wasn't doing anything when it was sitting in rich people's pockets, that's why they gave it away. They had too much of it to spend themselves, and needed some help to get rid of it.
I suggest we call these people OPM Distributors. It sounds a lot more impressive than embezzler. We can't blame them for doing what their ideology teaches. We have to think of the big picture. Without their help the economy would be even worse than it is. Can you imagine how many multiple billions are "distributed" by admittedly unauthorized folks from government coffers, and now also nonprofits, and I bet NGOs also. The economy needs all the help it can get. The important thing is that spending is increased and aggregate demand grows. We should encourage these volunteers in their so far thankless task.
http://www.washingtonpost.com/invest...d98_story.html
I don't know why these people are getting a bad rap. They're just doing what the government does; take from the rich and give to the poor, or not so poor, or even other rich folks. The important thing is that the money is taken and given, or spent. We all know it's a whole lot easier to spend other people's money; there's even an acronym for it; OPM. These so-called embezzlers are just doing their part to water green shoots with OPM. Obviously, the money wasn't doing anything when it was sitting in rich people's pockets, that's why they gave it away. They had too much of it to spend themselves, and needed some help to get rid of it.
I suggest we call these people OPM Distributors. It sounds a lot more impressive than embezzler. We can't blame them for doing what their ideology teaches. We have to think of the big picture. Without their help the economy would be even worse than it is. Can you imagine how many multiple billions are "distributed" by admittedly unauthorized folks from government coffers, and now also nonprofits, and I bet NGOs also. The economy needs all the help it can get. The important thing is that spending is increased and aggregate demand grows. We should encourage these volunteers in their so far thankless task.