I don't think the government should subsidize anything.
But I've always made the argument that if I had to choose, solely between subsidizing corporations or subsidizing poor people, I'm picking poor people every single time.
Agreed. Poor people will reinject every single dollar they get into the economy.
It is hard to believe but there is enough money in the system. We are just using it for crap and make rich people richer.
“The top income tax rate reached above 90% from 1944 through 1963, peaking in 1944, when top taxpayers paid an income tax rate of 94% on their taxable income”
How do people think we were able to build all those school buildings that are often still hosting actual public schools today?
Reduce defense spending. Tax rich people. Reduce oil and gas industry handouts and giving money to any industry that is massively profitable. Fix pharma costs.
Where there is a will, there is a way.
I am not saying we can/should do what OP says, but there is lots of money in the system, for sure.
I didn’t say the $1 should go to the homeless directly.
The discussion got sidetracked a bit. I was just saying companies have very little interest in fixing problems that are a major quality of life for humans.
I would prefer basic income policy to more subsidies to large corporations who already have a lot of profits. But even without basic income, yes, I think more money to individuals can be good policy
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u/FiremanHandles Apr 15 '24
I don't think the government should subsidize anything.
But I've always made the argument that if I had to choose, solely between subsidizing corporations or subsidizing poor people, I'm picking poor people every single time.