📢 New Lesson: 8. Public Money → Private Gain
Today we’re releasing Lesson 8 in the billionaire–climate series: Public Money → Private Gain — how subsidies, tax breaks, and bailouts quietly fuel billionaire wealth. Most people imagine billionaires as “self-made,” but the data shows that modern wealth depends heavily on government support — not just during crises, but constantly. This lesson brings the unseen flows of public → private wealth into full view. 👉 Start the lesson here 🔥 What you’ll learn today In this lesson, we explore how public resources are used to stabilise, expand, and amplify private wealth: 1. Subsidies Direct support to industries like: - fossil fuels - aviation - agriculture - shipping - banking These reduce corporate operating costs by billions every year. 2. Tax Breaks & Incentives Programmes designed to “stimulate growth” often end up: - boosting shareholder returns - reducing corporate tax burdens - undermining public budgets 3. Bailouts When corporations take risks and fail, governments step in to rescue: - banks - airlines - auto companies - energy providers Losses are socialised. Profits remain private. 4. Public Infrastructure Roads, ports, research funding, internet infrastructure, legal systems, education, healthcare — all form the foundation on which billionaires build their fortunes. 5. Welfare Top-Ups for Low Wages When companies pay wages too low to live on, taxpayers fill the gap through: - housing support - food support - child tax credits - healthcare subsidies - Companies save money. The public pays instead. 💬 Your Activity for Today Question: Where do you see public money supporting private companies in your country, city, or daily life? You might think of: - subsidies for fossil fuels - government handouts to failing companies - infrastructure built for corporations - low-wage employers whose workers need state support - industries that receive constant bailouts - special tax deals for big business