Originally Posted by
dneal
Originally Posted by
azkid
I'd love to end socialism for big companies. Those parasites have been draining the middle and lower classes for decades.
While I agree with your first sentence, I’m skeptical about the second. How are big companies draining the middle and lower classes?
One example: the latest last tax cuts benefitted large corporations and the rich directly and the lower and middle class much less if at all. Those tax cuts were intended to "trickle down" but many large corps simply did stock buybacks with the extra money.
Lowering top tier taxes had been going on since Reagan. Horse and sparrow economics hasn't really done much for the little guy.
Going back to the financial crisis a few years ago, the greed of a few bankrupted many individuals (and companies), and many people are still only just recovering. Who got the bailout? Not individuals but large companies. On top of the financial damage inflicted by companies our tax dollars went to bail out those same greedy companies.
Unfortunately, wages have been pretty stagnant for awhile while housing costs seem to keep growing. Healthcare costs keep growing as well. And education costs. All putting more and more pressure on the middle and lower classes. Sure unemployment numbers look great but nobody mentions how many jobs people have to work just to get by.
Somehow it is totally acceptable for a family to end up destitute and homeless from getting sick one time, because they can't afford healthcare or insurance, while it is also perfectly fine to bail out or subsidize big companies.
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