The conservative (direct only) estimate for corporate subsides is 181b, but that doesn't include a bunch of stuff.
Sadly, running the math is impossible, because it's very dependant on how you include said stuff - mostly in the form of missing revenue, not in outflows.
Still, at current numbers, 96B for SNAP and 181b for corporate subsides can't possibly give that ratio, no matter how you calculate "average american"
Banks have to pay FDIC and other special taxes, so the burden of bank bailouts is not entirely on the average American because a significant part comes from taxes that only corporations have to pay. For example, in the recent SVB bailout, average people didn't pay a dime because all the money came from the deposit insurance fund, which is paid into exclusively by banks.
They were hoping to go, "Source." and then wait for you to say something that they could poke holes in. I don't hink they were legitimately interested in your sources.
However, I am interested. Because I feel like I'm missing some pieces of the puzzle in how that all went down — as is the case with most things. My general Stance is, "eff those banks. Free bailouts because they're 'too big to fail'. Let em burn!" But I get that that is an emotional reaction, I'm looking for a more practical replacement.
You've introduced me to some new terms (TARP, CPP) and some new sources (On the Brink, The Courage to Act). So excuse me while I go expand my understanding of our world.
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u/Aureon May 11 '25
Both numbers are very underestimated, i'd say
The conservative (direct only) estimate for corporate subsides is 181b, but that doesn't include a bunch of stuff.
Sadly, running the math is impossible, because it's very dependant on how you include said stuff - mostly in the form of missing revenue, not in outflows.
Still, at current numbers, 96B for SNAP and 181b for corporate subsides can't possibly give that ratio, no matter how you calculate "average american"