Free Money?

CEO's of large corporations fit the dictionary definition of Greedy.

 

That alone says VOLUMES!

Sad!

 

Thank you for your thoughtful contribution above.

We agree regarding corporations and while there is no guarantee that any individual sill succeed with a college education the statistical data does show that those with tertiary degrees do earn more and therefore pay higher taxes which is an overall benefit to the economy and the nation.

 

Thank you for your thoughtful response.

Your point about the money only going to payroll and rent doesn't work because (a) bonuses fall under payroll, and (b) money is fungible so offsetting the rent payment means that what would have been used for rent can now be paid out as dividends to wealthy shareholders instead.

When you stop and think about the 1929 and 2008 economic collapses they both centered around We the People losing confidence in the greed obsessed Wall Street Casino albeit for different reasons. Our current economic collapse has the same underlying loss of confidence with an entirely different reason behind it. However all three have essentially the same cause and effect.

In both the Great Depression and the Great Recession the government provided funds to We the People in order to prevent mass numbers of hardworking Americans becoming impoverished. What is happening now WRT to We the People has that precedent.

What changed in the 2008 collapse was the "too big to fail" SOCIALIZATION of corporate losses and forcing taxpayers to bail them out. This was based upon the premise that failing to fund these corporations during a severe economic collapse would result in another Great Depression. That was AVOIDED by pouring those hundreds of billions into corporate coffers but it ENABLED the GREED OBSESSED to help themselves to MASSIVE BONUSES out of taxpayer funds!

There has been a modest attempt to prevent that happening this time around but it has been OBSTRUCTED by the GOP and watered down to be a meaningless slap on the wrist.

Which brings us back to the OP question and I do appreciate that you could see that there is no difference between the Free Money for college and the Free Money for corporate bailouts. You are consistent in your position that both are wrong from your POV. We disagree about that but I uphold your right to your carefully considered opinion on this topic.

 

I would support not doing it at all.

1929 was about excessive borrowed money in the stock market. 2008 was about the real estate bubble initially caused by government itself.

I wasn't around in 1929 but no meaningful payments were made to the public in 2008. If meaningless payments were made then I disapprove.

Ignoring the meaningless capitalized words I can only tell you that government providing funds to businesses is naked corruption. It should never happen. We have a system in place to deal with failed businesses.

Spare me the partisanship. I am not a partisan. I don't even approve of political parties.

Then join me in urging president Trump to veto the bill. Government should never send money to a a company unless it is buying something from it. Government should never send money to individuals (tax refunds excepted) because it doesn't meet the requirements of equality. This bill is pure naked corruption like most of what federal government does.

 

It was a rhetorical question to you try again.

Cash flow, liquidity, keeping as many people on the payroll as possible. Why do people need funding?

 

That’s the one thing Bernie Sandernista left out of his free stuff bag, was free money for the 1% biggest corporations and for 1% richest people.

If he had included that element , And wrap it all up in the American Flag and patriotism, And made sure Hillary was kidnapped in 2016, it would now be the National Capitalist Socialist USA just like Trump has created

 

You are correct. Whether we are talking about government paid "free" tuition, or economic aid for businesses, one thing remains constant: government is not a for profit institution, so anything it promises one for free, it must first confiscate from another by force.

 

If a person chooses to reach for the brass ring by their investing in a college education it is their responsibility to make it pay off for them, and then pay their debts.

 

Funny, I'm not seeing much on free money to corporations. Loan guarantees, yes- in order for survival of our economy, that will be necessity. That is if you want employers to be able to continue employing people.
I do see free money for all taxpayers and individuals. Except those making larger incomes. Of course, that will come from money that we individual taxpayers have paid in... But also from money those corporations have paid in, and the wealthier individuals who have paid in. The corporations will get loan guarantees while you get cash. The wealthy individuals will get- nothing.

College tuition is something for something, a purchase, a quid pro quo. We do provide "free" 12 year education. I know, I've been paying for it in my taxes for 60 years so that others could get it free. However, we REQUIRE attendance there. Are you going to require everyone to attend "free" college? Are you going to keep the game fair by allowing that to be a choice, and giving the equivalent cash to those who choose not to? College education will, if done correctly, enable a person to make substantially more money for a lifetime. It's hardly rational to say that it should be free when the benefits return directly to the person paying for the product.

Criticisms of the system or capitalism aren't honest or legitimate unless they are balanced and see both sides, fairly consider all elements that bring these conditions up.
Try documenting your claims- First, that these corporations get "free" money. That would be with no quid pro quo, no conditions or obligations in return. Document that they spend anything you can find like that to provide bonuses to executives or wealthy shareholders. If you do honest research on that, I think you will come up empty. Claims are not facts- and these days, people make up things they want others to believe far more often than they can prove it.