America doesn’t just love socialism for corporations…Heck, for most of my lifetime, America has been having a mad, dirty, XXX-rated, porn-hub posting love affair with Socialism…FOR CORPORATIONS.
Corporations and banks can behave recklessly (overspend, underperform, gamble) and go into massive bankruptcy. They become “too big to fail” if they screw up and then they get a “government bailout” with YOUR taxpayer money. That’s socialism. The Corporation can sleep easy, because they will not end up on the street homeless or living in a car.
If an AMERICAN INDIVIDUAL gets into debt, they get forwarded to a collection agency, have their credit score ruined, get turned down by banks for loans, and maybe get their car impounded. No more Karate classes for the kids, your teenager can’t go to his dream college, cancel the vacation to Mazatlan, downsize,, commute to work, move from the 5 bedroom house to the 3 room apartment.
If a CORPORATION gets into debt, its CEO will still get a bonus and make 100 times more than the wage of the average employee at that corporation. The CEO gets big money whether they suck at their job or not. In fact, if they run the company into the ground, the worst that can happen is they get fired (with $10 million in severance pay). Either that, or they stay on and get a bonus when your tax-payer money comes from the government to bail them out. It’s a win-win!
If an AMERICAN PERSON working at that same corporation demands higher wages because the corporation is “in trouble” and got that Socialist bail-out, then the worker is accused of raising wages, which means the worker is “causing inflation.” They don’t blame the CEO who gets the $100 milliion dollar bonus, but the guy making $12.50 an hour. By demanding a full $12 per hour, he is “making it cost more to make our product which is making us raise prices.” So the worker is let go, or the worker’s salary stays the same, or they get $12 and get blamed for the grocery prices going up.
The AMERICAN PERSON goes to their CORPORATION (Bank) and says:
“I need a loan because I can’t pay my bills. My wages aren’t going up, but the prices are. My child has a learning disability and now I can’t pay for the tutor. I have an elderly disabled parent I live with and I have to take care of their needs also. Please help!”
The bank says:
“oh..actually, we are not giving out loans because we don’t trust people like you to pay us back. In fact, we were irresponsible (we invested in a crypto firm that went under) and gambled away the money of yours that we did have at our bank. Whoopsy! So not only can we not give you a loan, but I don’t think we have your savings account anymore.”
The AMERICAN PERSON says: “What am I going to do? Is there government assistance (“socialism” for the average worker/citizen/taxpayer) to help me pay for childcare, healthcare, and enough unemployment to pay my bills and give food to my children and elderly parent?”
The bank responds:
“No. We have no money to give you. It turns out we are also broke and can’t pay our bills. But luckily, the SOCIALIST GOVERNMENT FOR CORPORATIONS is either going to give us all the money we irresponsibly lost, or they will help us to get bought out by a larger, wealthier corporation that they promise to pay the bills for. Some of our workers may be laid-off, but our top level executives and our corporation will continue to exist. Whew!! So we will use your taxes, to restructure our bank (but we corporations won’t pay any tax), and we won’t be giving people like you loans, but our CEO is happy because he will be getting a $5 million dollar bonus for overseeing this deal with the Socialist government for corporations. Capitalism is awesome!! And luckily we don’t have to pay taxes on the billions that we are getting because that goes against capitalism. My recommendation to. you is to vote against those “socialist programs like school lunches, childcare and healthcare or else we will end up like the Soviet Union with a small elite class of privileged few and a bunch of slaves and serfs with no upward mobility.” (the bank responds with no hint of irony).
AMERICAN PERSON: “So why do we have inflation right now?”
CORPORATION: Because naughty, lazy ordinary people need food, child-care, healthcare, school lunches, higher salaries and education too much. They want us corporation and privileged to pay for it!! Socialism!!! Those commie pigs! If we gave them that money it would be wasted on drugs, alcohol, gambling and welfare queens. It would not go to letting their child join that soccer club, paying for grandma’s physical therapy, paying off that mortgage, or getting that degree in physics. All that money that goes to our CEO’s Bonus would just be wasted on the AMERICAN PERSON doing meth and crack. Because normal Americans aren’t trustworthy with money—like us corporations and wealthy are.
Instead, to be safe and to be true capitalists, we should give any extra money that we have in a time of high inflation and increased bankruptcies to Exxon, Apple, and Bank of America. And remember, when we raise your wages as a worker, we will have to charge more for products and intentionally create inflation which then makes your raise meaningless. You’re welcome.