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Trump Wants Socialism for the Rich, Brutal Capitalism for the Rest of Us
From the article:
To the conservative mind, the specter of socialism conjures up a society in which no one is held accountable, and no one has to work for what they receive. Yet that's exactly the society Trump and the Republicans are promoting for the rich....
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....
When he was in business, Trump perfected the art of using bankruptcy to shield himself from the consequences of bad decisions – socialism for the rich at its worst – while leaving employees twisting in the wind.
Now, all over America, executives who run their companies into the ground are getting gold-plated exit packages while their workers get pink slips.
Sears is doling out $25 million to the executives who stripped its remaining assets and drove it into bankruptcy, but has no money for the thousands of workers it laid off.
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....
When he was in business, Trump perfected the art of using bankruptcy to shield himself from the consequences of bad decisions – socialism for the rich at its worst – while leaving employees twisting in the wind.
Now, all over America, executives who run their companies into the ground are getting gold-plated exit packages while their workers get pink slips.
Sears is doling out $25 million to the executives who stripped its remaining assets and drove it into bankruptcy, but has no money for the thousands of workers it laid off.
To read more:
https://www.commondreams.org/views/2019/02/12/trump-wants-socialism-rich-brutal-capitalism-rest-us?cd-origin=rss&utm_term=Trump%20Wants%20Socialism%20for%20the%20Rich%2C%20Brutal%20Capitalism%20for%20the%20Rest
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