Wednesday, October 1, 2008

Wall Street Millionaires Take Up Panhandling

Well, that business of insuring subprime loans was a bit of a bust. Time to take up something more profitable: panhandling.


(Click images to magnify.)




Oh, the indignity! This is really cutting into my yacht time. Pardon me, sir, can you spare a grand?






Yes, I am one of you. Just having a spot of bother with the Bentley payments. What? You are strapped too?






Hmmmm, let's try taking it to the people. I hear they like a good smile. It works on the television... Oh, a quarter! A few million of those and I'll make up for yesterday's losses





Very well. I hear the federal government has more money to spare. $700 billion ought to take care of me and all the lads at the club. Do be kind and ask your Congressman to get on with it.




And now for the punchline: even if the $700 billion dollar bailout goes through, this subsidy to the already rich will be less than the implicit subdies given out every year! I'll get to those subsidies in a future post. But first we'll need a couple of simple economics lessons for background. Stay tuned.

6 comments:

Becca said...

Hi Carl,

This is GREAT guerilla satire, like my front-page red-white-and blue performance at Asheville City Hall in March 2002 over Joe Dunne's proposed banning of non-citizens from serving on city boards and commissions!

Rebecca

Anonymous said...

I had been wondering about your opinion on the subject, respecting your great brain as always, but figuring you wouldn't agree with my stone-cold Rothbardian opposition to corporate welfare but opt for something more incrementalist and big-tent. I'm glad my worst fears weren't realized.

DimeBag said...

This is great Carl... glad you're doing your part to raise awareness of their plight.

demosthenes said...

You have been added to the blogroll at:

http://demosthenes-weblog.blogspot.com/

I hope your server can handle the traffic. The number of visitors to my blog is approaching double digits-

Zach Thompson said...

Carl,
I've been reading your manual on starting a new political party. I have learned a lot of strategies to implement in the party. I would like to talk with you further. Thanks for making this information available.

Zach Thompson
Constitution Party of Central & SW VA
Marketing & Communications Director

Michael Bindner said...

We want more!