Source: Common Dreams
by Les Leopold
“Socialism is alive and well, and it is growing, though maybe not in the way you expect. The federal government provides more than $700 billion in contracts to private sector corporations. It also forgoes approximately $1.5 trillion in tax receipts to provide tax breaks for corporations to encourage job-creating investments, or so we are told. The net result is that corporations avoid paying their fair share [sic] while we, the taxpaying public, make up the difference. As if that public support for private enterprise isn’t enough, now President Trump is taking it to the next level by acquiring 10 percent of Intel’s stock in exchange for the $8.9 billion the government is providing the company via the Chips and Science Act. From one angle, this certainly is an improvement over the big bank bailouts …” (09/02/25)