How the Wealth Transfer Works
May 17, 2026
Writes Bill Madden:
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Whether it’s a gigantic government bailout to cover the banks’ gambling losses with derivatives as in 2008 or healthy tax breaks and other forms of financial assistance from local governments, the taxpayers subsidization of large corporations and their billionaire owners has been going on since the beginning of our country. A great example is the railroad industry throughout the 1800s. The government would grant right of way land to the railroads far in excess of that required so that the land could be used, sold or leased for farming, mining or residential/commercial development.
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Needless to say, the politicians and bureaucrats involved most likely don’t give anything away.
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The only time that one of our super-rich rulers puts his hand in his pocket is to put money in.
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The Best of Llewellyn H. Rockwell, Jr.
Llewellyn H. Rockwell, Jr., former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. He is the author of Against the State and Against the Left. Follow him on Facebook and Twitter.
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