On the anniversary of Martin Luther King's assassination, many people are commemorating his contributions to the world in their own way. Martin Luther King was a great advocate for civil rights. He also campaigned for the abolishment of poverty. Yesterday in New York City, many protesters took to the streets in a protest for a bailout for the people. They reportedly did so in the spirit of Martin Luther King Jr. Wouldn't it be great if the world could end its wealth-distribution crisis in the near future? I think a bailout for the people would be the perfect antidote for this crisis. It makes perfect sense.
When the government bails out banks and corporations, the money stagnates in the hands of the few and never trickles down. However, if the government was to bail out the people (aka the consumers), the money would be quickly distributed through the economy. The banks and the corporations would immediately see an increase to their bottom line. This would make a bailout for the people a win-win situation for both the citizen and the corporations.