On March 22nd, Isaac Larian, a man who has made his fortune in the toy and entertainment industry, launched a billion-dollar GoFundMe campaign to “save Toys-R-Us.” Since its inception, the campaign has accumulated $200,057,000, though two-hundred million of those dollars are from Larian and affiliated investors.
Now, if private investors like Larian and his affiliates truly think they can restructure the business and make it profitable again, they should do so by all means.
But to ask me to donate my money to a failed, private, for-profit business so someone else can potentially make a buck down the road? I don’t think so. Yet this is exactly what the government does with your tax money every time it bails out a business.
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