The Political System and the Wealthiest Citizens of the U.S.

Political Science; Political System
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Political Science; Political System
Doctor Parenti outlines the link connecting politics and the country's wealthiest citizens. The corporate oligarchs assist politicians in gaining political positions by sponsoring their election campaigns and then anticipate a payback from them in the form of tax avoidance and the enactment of legislation that benefits their firms (Parenti, 2010). In stating that this is welfare for the rich, Parenti means that the rules and regulations made by the government are to benefit the wealthy people, and most of the rules will oppress the poor through corruption and oppressive labor unions. He refers to the monies donated to legislators by business people for electoral campaigns as federal bailouts since they eventually impair the government's operations. Whenever the state enacts tax restrictions that impact the poor severely but benefit corporate giants and business organizations, this is referred to as "helping the affluent in their time of greed." (Parenti, 2010). In those contributions from significant firms and professional groups are used to support political operations, there is a link between corporate payments to political politicians and welfare for the affluent, federal bailouts, and aiding the rich in their time of greed. Because they assist in forming governments by sponsoring election campaigns, the funds operate as federal bailouts. When well-funded candidates gain power, they adopt laws that benefit the wealthy by taxing the poor to help the prosperous businesses and professional groups finance their campaign efforts.
Do you see any connection between corporate donations to political candidates and the above policies (welfare for the rich)?
There is a link between corporate contributions and wealthy people's welfare. Money allows large spenders to voice their opinions or support a politician, allowing them to restructure the American economy to their advantage. As the affluent have become progressively detached from the rest of the nation, their policies—which incorporate meager taxes for the rich at a period of record deficiencies, widespread underfunding in our coming years, and special treatment for businesses that are enforcing serious environmental risk and additional risks on our society—have become increasingly at odds with the regulations the country urgently requires (Parenti, 2010). The initiatives of activist investors are framed in terms of ideologies. However, one should not overlook the substantial aspect of self at play. Their primary objective is to maintain or increase their brand advantage. Companies push not just for tax rules and federal subsidies but also to hold other potential revenue-drainers at bay. Workers' aspirations for unions can be stifled by new regulations and anti-union campaigns within companies. Lobbying and sophisticated tax planning may both help lower the corporate tax rate. However, the overall result is clear: an industry wherein market victors create the laws, enhancing their strengths while ignoring other interests. This erodes public confidence in government, develops general ...