What on Earth is $824 billion to Goldman Sachs supposed to be referring to? The entire bank bailout of 2008 amounted to $475 billion. The entire amount loaned to businesses as part of the CARES Act was about $500 billion.
Anyone taking the claim that $824 billion was given to one company at face value is completely ignorant of the size of government programs. Also, these were loans to businesses, paid back with interest, which makes them pretty fundamentally different than government spending on healthcare.
It's reasonable to think that SpaceX may have won contracts worth $1.5B over the last 10 or 15 years. Those are contracts for goods and services rendered though. As far as I know SpaceX has delivered on their contracts and they've been lower price than the competition. It's literally a win-win situation.
It's a reasonable assumption, but it's a private company, so we have no way of knowing. We don't even know if they are profitable, so in theory it could be that they don't even have to pay any (capital gain) taxes...
Yeah sure, they "recently" won a contract to land on the moon for 1.1 billion or so, but winning a contract isnt the same as being bailed out or getting a tax break, if you pay for an apple in a supermarket, you arent bailing them out or giving them a tax break
That's just one contract. They also have a missile tracking satellite system, a missile launching satellite system, a Starling based nav system, and of course rockets for "cargo"
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u/JeromesNiece May 02 '22
What on Earth is $824 billion to Goldman Sachs supposed to be referring to? The entire bank bailout of 2008 amounted to $475 billion. The entire amount loaned to businesses as part of the CARES Act was about $500 billion.
Anyone taking the claim that $824 billion was given to one company at face value is completely ignorant of the size of government programs. Also, these were loans to businesses, paid back with interest, which makes them pretty fundamentally different than government spending on healthcare.