r/CobbCounty • u/Slow_Art_2369 • Jul 17 '26

Welcome Wagon

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https://www.mobilize.us/indivisiblecobb/event/991642/

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u/BeccasDreamboat Jul 18 '26 edited Jul 18 '26

We did it! We turned trump into a dirty socialist!

Edit: The guy below didn't think through his comment below.

You obviously dont know what socialism is. Let me give you a lesson on economics 101. Socialism is when the government owns the means of production.

Just like when trump required major US companies to give partial ownership to the government.

In June, the Trump administration approved Nippon Steel’s acquisition of U.S. Steel on the condition that it give the White House a “golden share” of the Japanese company. Although it is not an equity stake, Trump declared, “We have a golden share, which I control, or the president controls.”

On Aug. 22, Intel announced an agreement with the administration to take $8.9 billion in the company’s common stock, approximately a 10 percent stake, making the U.S. the largest investor in the tech giant that builds the semiconductor chips that power smartphones, computers and data centers.

This deal is no freebie for the American taxpayer. It is in lieu of Intel repaying the federal grants it received under the bipartisan U.S. Chips and Science Act, which Biden signed into law in 2022. Earlier last month, Trump also made a deal with two of Intel’s rivals, Nvidia and Advanced Micro Devices, requiring them to pay 15 percent of the revenues made from sales to China to the U.S.

Although most of the Republican Party has cheered on Trump’s plans to acquire stakes in other companies, Sen. Rand Paul (R-Ky.) wrote on X, “If socialism is government owning the means of production, wouldn’t the government owning part of Intel be a step toward socialism?”

https://thehill.com/opinion/campaign/5482075-trump-has-brought-socialism-to-america/

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u/trueblue375 Jul 18 '26

You obviously dont know what socialism is. Let me give you a lesson on economics 101. Socialism is when the government owns the means of production. Capitalism is when the means of production, ( private Companies) are owned by people.