Corporate Welfare by Marwan Fateen


C


orporate America, which makes up the farming, prison, railroad and trasportation industries, for-


tune 500 companies, Wall Street, banks and many other businesses, is the biggest recipient of welfare in America and maybe the entire world. Corporations receive billions of dollars in state and federal aid annually. America has become a socialist elitist plutocracy instead of a democracy. The purpose of corporate welfare, a term coined by Ralph Nader, is to stimulate and stabilize the economy and to prevent another Great Depression. It also has an unspoken, unwritten, more sinister goal, to keep the elite on top of the lower classes by any means necessary. And the lower classes provide the elites with financing, via taxes, indirectly outside their awareness. Corporations’ purpose for existing


isn’t solely to earn profits but to create jobs in order to keep the economy afloat. Keep the people employed at a fixed waged while the CEOs and other corporate employees enjoy unlimited budgets. Entire industries are being financed using tax payer money. As written into law in the New Deal of 1933 – 1936. The first act was to secure bank accounts in order to restore the people’s trust in banks. Banks lend (peo-


24 ignigma Magzine


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40