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by yterdy
1243 days ago
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I agree, insofar that "handouts" are primarily, in monetary volume: 1) favorable loan terms for financial entities (loans in both directions, but ultimately favoring the bottom line of private capital); 2) favorable taxation terms for the wealthiest earners and owners (e.g., low capital gains and inheritance taxes, when compared to income taxes); and 3) federal and state benefits that often face large and unnecessary administrative costs (in order to reduce fraud (which is only possible because they're means-tested or otherwise restricted)); in that order. And the first two rob the treasury of far, far more than the last. By orders of magnitude, particularly in the past few years. |
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