If you are a fossil fuel company, whose carbon emissions are destroying the planet, you get billions in government subsidies including special tax breaks, royalty relief, funding for research and development and numerous tax loopholes.
If you are a pharmaceutical company, you make huge profits on patent rights for medicines that were developed with taxpayer-funded research.
If you are a monopoly like Amazon, owned by the wealthiest person in America, you get hundreds of millions of dollars in economic incentives from taxpayers to build warehouses and you end up paying not one penny in federal income taxes.
If you are the Walton family, the wealthiest family in America, you get massive government subsidies because your low-wage workers are forced to rely on food stamps, Medicaid and public housing in order to survive — all paid for by taxpayers.
This is what Dr. Martin Luther King, Jr. meant when he said that “This country has socialism for the rich, and rugged individualism for the poor.”
And that is the difference between Donald Trump and us.
Trump believes in corporate socialism for the rich and powerful.
We believe in a democratic socialism that works for the working families of this country. We believe that in the wealthiest country in the history of the world, economic rights are human rights.
So yes, progressives and even moderate Democrats will face attacks from people who attempt to use the word “socialism” as a slur.
There is nothing new of that.
Like President Harry Truman said, “Socialism is the epithet they have hurled at every advance the people have made in the last 20 years … Socialism is what they called Social Security … Socialism is their name for almost anything that helps all the people.”