Actually it's savers that will also foot the bill, as the dollars created to fund these bailouts are not coming from tax revenue but are created by the fed.
So that $250,000 nest egg you have today may be worth about $50,000 in buying power in a a few years if we keep this up. That kind of loss goes way beyond what you're paying in taxes.
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Actually it's savers that will also foot the bill, as the dollars created to fund these bailouts are not coming from tax revenue but are created by the fed.
Aug 30 11:16 am
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All Comments by BrunoT »Look Out FDIC [View article]
So that $250,000 nest egg you have today may be worth about $50,000 in buying power in a a few years if we keep this up. That kind of loss goes way beyond what you're paying in taxes.