This is way more alarming IMO
Many conservatives are quick to denounce handouts to the poor. However, the United States actually spends a lot of money on handouts to rich companies. As The Hill writes, “What these criticisms of proposed reforms for wealth inequality fail to recognize is that socialism for the wealthy not only exists, but is prevalent throughout our current system of government in the form of corporate socialism” (3). The Hill continues saying, “Companies that have failed in the marketplace stick the taxpayers with their losses, but when they make money they get to keep it, and secondly, huge amounts of capital are given to companies by taxpayers…” (4) Our current system is broken, and as I mentioned in my other article, “Capitalism is Broken,” I have made it abundantly clear that these systems put in place are meant to help the rich and leave the rest of America wondering how to recover financially. While CEOs and billionaires are continuing to gain wealth even during a pandemic as millions of people are out of work, it makes you wonder if maybe if our loss is actually their gain.
https://umassmedia.com/21467/opinions/american-corporate-socialism/