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#corporatewelfare — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #corporatewelfare, aggregated by home.social.

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  1. How the GOP’s Favorite Law Is Coming Back to Bite Them

    by Winston Wendell When lawmakers Republicans and President Trump promoted the OBBB (One Big Beautiful Bill) law in the last year, they did so with great pride. However, one of the provisions in the law has proved to be a double-edged sword. Specifically, the gift of $70 billion in tax breaks to the data centers has caused serious issues for the ruling party. The OBBB act contains a provision called “Full expensing for certain business property”. The clause has proved to be a blessing […]

    bluepress.blog/2026/10/02/how-

  2. 🚨 No more #Water #CorporateWelfare! 🤬 They pollute, we pay! #SewageScandal No one else doing their job so badly, let alone running an essential #PublicService, gets a raise! They should ALL be fired! #WeOwnIt 😤
    Check out this from We Own It.
    @we_ownit weownit.org.uk/act-now/bills-h

  3. Trump’s AI Gambit: Public Land for Private Profit

    by Winston Wendell Donald Trump has pursued one scandalous policy after another in his second term. One of the latest initiatives that perfectly represents the president’s disregard for the public interest in favor of big business. In essence, the policy allows big tech companies to score a decade-long billion-dollar tax break by building AI data centers on public lands. One commentator has summarized the issue by noting that tax breaks are nothing more than a “windfall” given to […]

    bluepress.blog/2026/09/21/trum

  4. ‘Samsung Bank’ Signals New Liquidity Channels in AI Era

    Samsung Electronics’ office building in Seocho, Seoul. Starting in September, Samsung Electronics will provide employees with housing funds…
    #EuropeSays #Korea #KR #SamsungElectronics #BankofKorea #corporatewelfare #householddebtregulation #in-houseloans #liquidity #mortgagerates #Samsung
    europesays.com/korea/136789/

  5. Finally, I learned that NZ Defence forces routinely buy missiles that might expire before they can be used;

    "... purchasing those more precise ammunition systems is
    quite tricky ... they have a shelf life."

    Brigadier #MattWeston, 2025

    www3.parliament.nz/resource/en

    The cost of each missile can range from hundreds of thousands of dollars, to the "low millions" (Weston's estimate for a complete Javelin missile kit).

    (30/?)

    #CorporateWelfare #WastefulSpending

  6. 🚨Big #UK banks pocketed £29.2bn in six months while our bills went up! 🤬
    A windfall tax on bank profits would raise £19bn for our #schools & #NHS. @TheGreenParty's already backing it, sign the #petition & tell John Healey to #TaxtheBanks! 👇
    #Politics #Corruption #CorporateWelfare #Accountability #CostOfLivingCrisis #Education #Health
    you.38degrees.org.uk/petitions

  7. 🚨 #StopDataCenters! They #Pollute our #Environment, steal our #Water & #Energy, for minimal returns! They're mainly just for the rich to get richer, while our planet burns! 🔥🤬

    I've just signed this #petition. Please add your name & share too! 👇💪😉

    #Politics #CorporateWelfare #Corruption
    you.38degrees.org.uk/petitions

  8. Hyundai Group Chair Sends Health Food to 6,590 Employees’ Homes

    Hyun Jeong-eun, Chairwoman of Hyundai Group. /Hyundai Group Hyundai Group Chairwoman Hyun Jeong-eun has sent samgyetang, a Korean…
    #EuropeSays #Korea #KR #Hyundai #corporatewelfare #EmployeeBenefits #HyunJeong-eun #HyundaiGroup #HyundaiMotorGroup #samgyetang #summerhealthfood
    europesays.com/korea/125768/

  9. The GETS website is here;

    gets.govt.nz/ExternalIndex.htm

    Maybe a useful place to look for evidence of corporate welfare?

    For example, public agencies giving money to corporations owned by technofascists. Instead of having their own teams running their own servers, using Free Code software. Hiring outside contractors or consultants for specialist work, only when they don't need it often enough to justify hiring someone in-house.

    (1/?)

    #GETS #CorporateWelfare

  10. Private health insurance has become one of Australia's biggest corporate welfare schemes.

    The last federal budget handed the industry $8 billion in taxpayer subsidies. Meanwhile, Bupa paid $536 million to its UK parent company, and NIB spent $214 million on marketing and commissions alone.

    Just five insurers control 82% of the market. They lobby for more public money, deliver returns that rival or exceed the big banks, and pour millions into advertising that helps convince Australians they can't afford to be without private cover.
    After paying around $70,000 in premiums, Michael West received less than a month's worth back when he lost hearing in one ear. Medicare covered most of the operation.
    Watch Michael West unpack where your premium dollars — and your tax dollars — are really going.

    #australia #healthcare #medicare #privatehealthinsurance #corporatewelfare #auspol

    youtube.com/watch?v=dGsxymDJ9gQ

  11. marx maxxing//

    Not your dad’s #Marxism. If #Trump ’s corruption, the #EpsteinClass, #genocide, #smugillionaires, #For-ProfitPrisons, wars of distraction, the #AI bubble, #JoblessYouth, #CorporateWelfare & #Musk killing sick children abroad haven’t made you a radical #socialist, nothing ever will.

  12. "The government is providing up to $60 million in financial support to Golden Bay Cement to ensure its Northland operations can continue."

    #CorinDann, 2026

    rnz.co.nz/news/business/749001

    Don't you loony lefties understand, governments can't supply essential goods and services efficiently, you have to leave it to The Market (™️). *Except* when the market utterly fails, then governments have to give free public money to corporations to fix it. Clear as mud? : P

    (1/2)

    #CorporateWelfare

  13. "Ottawa has sent about $185 million to Ekati in recent months in the form of various loans." Taxpayers won't be recouping these funds anytime soon. cabinradio.ca/300594/news/econ

    #CorporateWelfare #mining #cdnpoli #nwtpoli #grifters

  14. The US Govt. has now paid back $81bn of (now) illegal tariffs in what may be the biggest single corporate welfare payment ever;

    by which I mean, for the most part sellers in the US raised prices to account for tariffs (some firms *did* absorb the tariff charges but not many) but will likely be making little effort to refund the money to consumers (in fairness its likely pretty impractical).

    So that's $bns into the coffers of the corporates from the Tangerine Tyrant, then!

    #CorporateWelfare

  15. 🚨The #UK government has agreed a deal with Donald #TrumpTheGriftor that will hike #NHS drugs prices by £9 BILLION a year by 2036!🤬 Tell Wes Streeting to give MPs a full debate and vote on this deal.👇 #OurNHS #PublicServices #Health #Politics #Corruption #CorporateWelfare
    act.globaljustice.org.uk/node/

  16. I'm going to try to clarify this article:

    1) There's a key difference between 'vacant' and 'unsold' units. Vacant units can remain vacant, but this policy is about unsold inventory. Watch how media channels spin this as "vacant homes."

    2) The article announces $3.2B for DCC (Development Cost Charges) subsidies and $2.5B for transit alongside buying 2,200 condos, but gives NO price for the condo purchases. The article only notes that units where the announcement was made sell for $1.1M which tracks with concerns that government may be paying full market price for unsold inventory.

    3) If developers have 2,200 unsold units, why isn't the market clearing? Prices could drop 5-10% and units would sell. There's still demand, but if developers aren't budging on price, the government likely isn't getting a bulk discount either.

    4) Why would government pay near-market rates (~$1M/unit?) instead of negotiating bulk discounts on distressed inventory? This smells like another 'too big to fail' broken business model.

    I try to be impartial, but this smells like a giant handout to private developers spun as a housing affordability measure. No mention of who might benefit beyond the developers.

    biv.com/news/carney-and-eby-an

    #Canada #Housing #Affordability #CorporateWelfare #HousingCrisis #CdnPoli #BCPoli

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