We have corporate welfare in America-- Alot of big companies get free hand outs.
Privatizing Profits And Socializing Losses
DEFINITION of 'Privatizing Profits And Socializing Losses ’
Privatizing profits and socializing losses refers to the practice of treating firms’ earnings as the rightful property of their shareholders, while treating losses as a responsibility that society as a whole must shoulder, for example through taxpayer-funded subsidies or bailouts.
What you don’t pay directly at the pump, you’re paying through higher taxes to fund our military’s efforts to defend oil and oil trade routes around the globe. You’re paying through increased healthcare costs, as our medical system is forced to deal with all the people sickened by the air pollution coming out of vehicle tailpipes. You’re paying through the damage that climate change—caused and accelerated by the greenhouse gas emissions from our cars and trucks—wreaks on our communities. You’re paying through all the money our government gives away to oil companies in the form of subsidies.