Bail Out

So much for bail out.

Got this this morning from my friend Ray, who probably picked it up elsewhere on the ‘Net.

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it.

They failed and it closed.

Now we are trusting the economy of our country to a pack of nit-wits who couldn’t make money running a whore house and selling booze?

If this is yours and it’s copyright protected, let me know and I’ll pull it immediately.

7 thoughts on “Bail Out

  1. Exactly. Which is why I’m still amazed at the number of people that are for government run Universal Healthcare. Yeah, that’ll work out just as well as Social Security and Welfare has.

    When are people going to learn government is NOT your friend and they can’t manage ANYTHING efficiently. And it’s not the fault of any particular party. It’s both of them.

    Jonathan´s last blog post: Roosevelt Quote

  2. Jonathan, while I generally agree with your statement that government can’t manage anything efficiently, I really do think that some kind of universal health care is necessary in this country.

    There are far too many middle-class people who are driven into bankruptcy (or worse) by huge medical bills for catastrophic illnesses (think cancer or major surgery). I don’t think we should all be required to participate — heck, use whatever doctor you like and pay for it as you normally will. But I really don’t think a person’s health should have as major an impact on his finances as it does today.

    Maybe the answer is to simply fix the health care system itself? Make it more efficient and affordable? Who knows? It’s a problem that definitely needs to be fixed.

  3. Well, as much as I’d like this story to be true, Wikipedia disagrees. (See http://en.wikipedia.org/wiki/Mustang_Ranch#Forfeiture_following_tax_fraud)

    Turns out that an offshore holding company owned by the former owner of the Ranch bought the place at Federal auction and continued to run it for a while. More details above. But, in this case, the original owner couldn’t manage to make a successful go of it (and pay his taxes) even in a state where prostitution is legal.

    Tangozulu´s last blog post: The Financial Mess: How Did We Get Here?

  4. Dang! I hate when that happens. Thanks for the correction.

    Also, for some reason, your comment was sorted into spam. I saw and rescued it; that’s why it took so long to appear here. It might have been the link that flagged it as spam. Who knows?

  5. Maria,

    Social Security isn’t the basket case some would have us believe. These same people just don’t want to kick-in any more than they do now: http://moneycentral.msn.com/content/Taxes/P49928.asp

    As for medical care – why not just expand Medicare to cover everyone? Of course, you’ll run afoul of people who complain about “socialized medicine” (for anyone else) when they’re ON Medicare (!)

    Mark R.

What do you think?