The 2020 election is quickly approaching……and we have the usual word in the debate….socialism…..
Soon we will be bombarded with the “S” word as the Dem field starts to take its final shape……Trump will be out front with the accusations followed closely by the GOP and their lies that they do so well.
The problem is they are not against “socialism” just not for the people of the nation…they prefer that corporations get the “free stuff”……
This news report of 7 years ago helps understand just how bad “corporate socialism” can be……
A proposal to spend $250 million of taxpayer money on a retail project here illustrates the damage state and local subsidies do by taking from the many to benefit the already rich few.
Nationwide state and local subsidies for corporations totaled more than $70 billion in 2010, as calculated by Professor Kenneth Thomasof the University of Missouri-St. Louis
In a country of 311 million, that’s $900 taken on average from each family of four in 2010. There are no official figures, but this one is likely conservative because — as documented by Thomas, this column and Good Jobs First, a nonprofit taxpayer watchdog organization funded by Ford, Surdna and other major foundations — these upward redistributions of wealth keep increasing.
Fast forward to the Trump presidency…….
“America will never be a socialist country,” Donald Trump declared in his State of the Union address. Someone should alert Trump that America is now a hotbed of socialism. But it is socialism for the rich. Everyone else is treated to harsh capitalism.
In the conservative mind, socialism means getting something for doing nothing. That pretty much describes the $21 billion saved by the nation’s largest banks last year thanks to Trump’s tax cuts, some of which went into massive bonuses for bank executives. On the other hand, more than 4,000 lower-level bank employees got a big dose of harsh capitalism. They lost their jobs.
Banks that are too big to fail – courtesy of the 2008 bank bailout – enjoy a hidden subsidy of some $83 billion a year, because creditors facing less risk accept lower interest on deposits and loans. Last year, Wall Street’s bonus pool was $31.4 billion. Take away the hidden subsidy and the bonus pool disappears.
After over a 100 years of demonizing socialism is now what the GOP tells their child-like followers to send them hiding under their beds…..
And while they are hiding democracy is slowly slipping from their grasp……
This growing animosity toward the greed of the immensely wealthy is not merely symptomatic of a popular presidential candidates’ rhetoric, but indicative of the harrowing economic inequalities existing in American society and politics. The 62 richest people in the world have as much wealth as the bottom 50 percent of the world, roughly 3.6 billion people. The wealthiest 1 percent of the global population have as much wealth as the other 99 percent of the world’s population. For decades, wages of the middle and working classes have remained stagnant in the United States while the top earners have seen their wages grow exponentially. In the United States since the 2008 recession, nearly 99 percent of all new generated income has gone to the wealthiest 1 percent of Americans. Current trends suggest these enormous disparities in wealth are expanding.
Political lies have replaced knowledgeable discourse and the specter of socialism taking over and people will lose all their rights……under these lies that is exactly what is happening and socialism did not have anything to do with that loss.