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Nationalize Tesla? In the USA? Nationalization of industry can work in other countries for things like rail transport and oil production but the USA doesn’t run

Nationalize Tesla? In the USA? Nationalization of industry can work in other countries for things like rail transport and oil production but the USA doesn’t run have the experience for nationalizing either of those, let alone a complex technological automotive business!

IOT_Apprentice 3y ago
We simply subcontract out those things to the military industrial complex, which eats the majority of our taxes in turn. This is intentional as, our oligarchs & hedge funds MUST be fed!
- mh- 3y ago
  All defense spending accounts for 10-15% of the federal budget. https://www.cbo.gov/topics/defense-and-national-security https://www.cbo.gov/topics/defense-and-national-security
  - TaylorAlexander 3y ago
    I think it depends on how you account for defense spending. For example that doesn’t include veterans benefits. This anti war group is probably over estimating it at 48% but it’s still significant. https://www.warresisters.org/store/where-your-income-tax-money-really-goes-fy2022-published-2021 https://www.warresisters.org/store/where-your-income-tax-mon...
    - dantheman 3y ago
      https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder... ~16% is defense + veterans
      - TaylorAlexander 3y ago
        The anti war group considers that a significant portion of debt repayment is due to defense spending too. I’m not sure their calculation of amount is fair but it does make me wonder how much of that to count.
        dantheman 3y ago
        The majority of the us budget is on welfare programs like medicare/medicate and social security.
  - jfengel 3y ago
    10-15 percent of all spending, but half of the discretionary spending. The non-discretionary spending comes from a separate pot of money. (One which, incidentally, rich people basically don't pay. It is capped, so that it falls almost exclusively on the middle class. And who benefit most from it. It's effectively separate from the national budget, and if you view it that way the defense budget consumes half of every dollar we spend.)

IOT_Apprentice 3y ago

We simply subcontract out those things to the military industrial complex, which eats the majority of our taxes in turn. This is intentional as, our oligarchs & hedge funds MUST be fed!

mh- 3y ago
All defense spending accounts for 10-15% of the federal budget. https://www.cbo.gov/topics/defense-and-national-security https://www.cbo.gov/topics/defense-and-national-security
- TaylorAlexander 3y ago
  I think it depends on how you account for defense spending. For example that doesn’t include veterans benefits. This anti war group is probably over estimating it at 48% but it’s still significant. https://www.warresisters.org/store/where-your-income-tax-money-really-goes-fy2022-published-2021 https://www.warresisters.org/store/where-your-income-tax-mon...
  - dantheman 3y ago
    https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder... ~16% is defense + veterans
    - TaylorAlexander 3y ago
      The anti war group considers that a significant portion of debt repayment is due to defense spending too. I’m not sure their calculation of amount is fair but it does make me wonder how much of that to count.
      - dantheman 3y ago
        The majority of the us budget is on welfare programs like medicare/medicate and social security.
- jfengel 3y ago
  10-15 percent of all spending, but half of the discretionary spending. The non-discretionary spending comes from a separate pot of money. (One which, incidentally, rich people basically don't pay. It is capped, so that it falls almost exclusively on the middle class. And who benefit most from it. It's effectively separate from the national budget, and if you view it that way the defense budget consumes half of every dollar we spend.)