Corporate welfare, but no money for services that taxpayers have already paid for

May 12, 2025 12:27 AM

That's also not taking into account that walmart makes a significant amount of money from people using their food stamps there.

2 months ago | Likes 1 Dislikes 0

Intel, Micron, and Texas Instruments is money distributed through the Chips Act, a $50b bipartisan program to help reinvigorate the US semiconductor industry and reduce reliance on TSMC in Taiwan. TSMC also had 5b+ in grants through this program for its new facilities in Arizona.

2 months ago | Likes 3 Dislikes 0

THIS is what is exploding the USA fed govn budget!!!!!

2 months ago | Likes 1 Dislikes 0

so if I make a business can I get some of that?

2 months ago | Likes 1 Dislikes 0

That's $123.8 billion to 14 companies, all of which make billions in profit.

2 months ago | Likes 4 Dislikes 0

This double dipping bullshit.

2 months ago | Likes 2 Dislikes 0

Sauce(

2 months ago | Likes 8 Dislikes 1

Boeing gets a lot of money to set planes and passengers on fire.

2 months ago | Likes 1 Dislikes 0

Carbon credits are also corporate welfare.

2 months ago | Likes 1 Dislikes 0

I'm surprised Space-X isn't on that list.

2 months ago | Likes 1 Dislikes 0

Reusability is hella drug, when you're the first and only on the market to leverage it and save mad moneyo in recovered and reused rockets.

If you wants SpaceX's profitability to start falling, there needs to be more launch providers with reusability and launch vehicle performance AT LEAST on the level of Falcon 9. Without it, the SpaceX will continue to rake in cash by doing what should've been - and could've been - done in 20th century, as Phil Bono, von Braun and many more worked on (reuse).

2 months ago | Likes 1 Dislikes 0

Somehow Capitalism requires gobs of public money to stay afloat

2 months ago | Likes 145 Dislikes 0

You don't expect capitalists to take risk, do you? They only take profits.

2 months ago | Likes 26 Dislikes 0

heads I win, tails you lose

2 months ago | Likes 13 Dislikes 0

It sure as shit ain't going to their workers.

2 months ago | Likes 5 Dislikes 0

They don't need it, they do get it though, it pays to buy decision makers

2 months ago | Likes 4 Dislikes 1

taxpayer dollars, at that. Overcharging us apparently isn't making them enough.

2 months ago | Likes 7 Dislikes 0

It's also funny because it's not true capitalism. In an actual capitalist state, you would let those companies fail if they cannot carry themselves and let the remains break up and start new businesses. Those businesses now have more potential for growth and the story repeats if they cannot keep.up

2 months ago | Likes 2 Dislikes 0

A source list. https://subsidytracker.goodjobsfirst.org/parent-totals

2 months ago | Likes 40 Dislikes 0

Source doesn't list Starlink.
It's also combining federal grants with state tax deferrals, etc., and going back to 2000 or earlier to generate these top-line numbers. Doing all of that together makes this essentially clickbait despite what looks like accurate underlying data.
I'd prefer federal and state numbers separately, as some states are run by insane people. (I mean... the federal government is right now as well, but still.)

2 months ago | Likes 11 Dislikes 1

From everything I've been able to find, tracking corporate welfare is not an exact science, as there's no standard definition for it - e.g. are grants for energy research considered corporate welfare because only energy companies are going to benefit from that research?

2 months ago | Likes 3 Dislikes 0

It's a complex dataset for sure, and the way one slices up that data (and varying definitions) will depend on objectives.
I seek a distinction between state and federal aid because federal aid either comes from actual policy objectives or some flavor of bribery, while state aid is often a competition between states to convince a company to invest or relocate with a little bribery on the side. Different power dynamics and very different methods of intervention.

2 months ago | Likes 1 Dislikes 0

I'm pretty sure starlink is still part of SpaceX, isn't it. But SpaceX isn't listed either. IDK, last I heard, they tried to get the grants for providing rural people access to the internet, but they blocked them. A quick google shows that trump is trying to give them $20B of that now. So maybe.

2 months ago | Likes 1 Dislikes 0

Yes, Starlink is still part of SpaceX.
SpaceX draws a lot of unfounded or poorly-reasoned attacks due to being owned by a fascist asshole. Which is a shame, because there are legitimate objections people could be making instead of easily disprovable ones.
For example, the rural development grant program you've mentioned was a morass of lawsuits over existing providers trying to demote SpaceX's bid by grouping it with geosync service. Their awards were competitive and contingent on performance.

2 months ago | Likes 1 Dislikes 0

It's also common to claim that major parts of SpaceX's NASA funding is somehow a subsidy or give-away rather than fixed-price contracts with specific milestone payments.
Their very earliest awards were effectively subsidies, NASA making bets on a small company to see what would happen, but that's on the order of a few tens of millions and in line with similar investments in other firms like SNC or Ball or Masten.

2 months ago | Likes 1 Dislikes 0