About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.
Story is located here….but there’s more…..
You completely missed the hidden corporate/business welfare of Food Stamps and Medicaid. Low wages mean many working families qualify for these programs. About 85% of Food Stamp users work at these low wage jobs so more profits can go to business owners. It’s estimated that Walmart employees alone use about $2 Billion a year via this hidden subsidy to corporate profits.
If the minimum wage can be eliminated then the middle class can pay even larger subsidies to corporate profits.
Corporations are pyramid schemes. They funnel money from the sweat of the workers into the pockets of the CEOs. And that should be illegal, because as a worker, you deserve a fair wage, a living wage, and equity in whatever business you are helping to build. Democratic socialism ensures that everyone profits, not just a few greedy pigs that live off the labor of their fellow man. Do you know why minimum wage exists? Because if a business owner could pay you less, they would.