We all too often have socialism for the rich and rugged free market capitalism for the poor.

Martin Luther King, Jr. (1929-1968) American clergyman, civil rights leader, social activist, preacher

(Attributed)

This phrase is frequently attributed to King, often pointing to some 1964 speech, though the exact phrasing can't be found in his works. He did use variations of the phrase on a number of occasions (e.g., "The Other America", speech at Grosse Pointe High School (14 Mar 1968), but it's also a construction that's been used by others before and after King.