The problem is that we all to often have socialism for the rich and rugged free enterprise capitalism for the poor.
Rugged individualism for the poor.
This country has socialism for the rich rugged individualism for the poor vl baker community this content is not subject to review by daily kos staff prior to publication.
Suburbia was built with federally subsidized credit.
We all too often have socialism for the rich and rugged free market capitalism for the poor.
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And highways that take our white brothers out to the suburbs were built with federally subsidized money to the tune of 90 percent.
Martin luther king jr.
The meme s version said rugged individualism and the original rugged free enterprise capitalism however the claim was mostly true as king did say that the united states offered socialism for the rich and the rugged free enterprise capitalism for the poor.
Socialism for the rich and capitalism for the poor is a classical political economic argument which states that in advanced capitalist societies state policies assure that more resources flow to the rich than to the poor for example in the form of transfer payments the term corporate welfare is widely used to describe the bestowal of favorable treatment to big business particular.