Ask most Americans whether they’re in favor of spending taxpayer dollars to help delinquent mortgage borrowers and you’re likely to get an emphatic “No!”
Taxpayers are mad – especially those who held off buying their own homes or were careful not to spend beyond their means.
“All these idiots who bought homes they couldn’t really afford are going to be rewarded with loan modifications, but what about those of us who didn’t make stupid decisions?” asked Jay Black
Natural selection rewards those who make sound decisions, not the biggest, not the most aggressive, etc.
When we subsidize idiots, we strengthen the idiot population and those who benefit from them — people who care only about their own reward, and are oblivious to social consequences. Generally, we call these sociopaths unless they’re wearing business suits.
Our society is heading toward a composition of sociopaths and drones; in the middle, where responsible winners used to go, now there’s only excuses.