Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

How has corporate welfare changed since 1999?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-15-04 11:12 AM
Original message
How has corporate welfare changed since 1999?
http://www.cato.org/testimony/ct-sm063099.html

Corporate welfare is a large and growing component of the federal budget. America's most costly welfare recipients today are Fortune 500 companies. In 1997 the Fortune 500 corporations recorded best-ever earnings of $325 billion, yet incredibly Uncle Sam doled out nearly $75 billion in taxpayer subsidies. These welfare payments come in every conceivable shape and size, including government grants, contracts, cut rate insurance, loans, and loan guarantees. There are roughly 125 such business subsidy programs in the federal budget and they can be found in virtually every cabinet agency of the government--including the Defense Department.

In 1999, $75 BILLION could raise 2884 people, from womb to the tomb, in utter LUXURY.

In 1999, $75 BILLION would give 1,875,000 Americans a very liveable wage (at $40k/yr). This would cover not only health care, but a place to live, food, car (though an organized mass-transit program would be better), and leave a lot left over for fun things, or to pay off the car loan more quickly.


If all corporate welfare were eliminated, the savings would be large enough to entirely eliminate the capital gains tax or the death tax.

Hmmm. Bushbastard* has been trying to do away with those taxes. Has he done away with corporate WELFARE to at least compensate? :shrug:

I dunno. The little fucker* has put the economy into such a skewed state that it's beyond saving. (corporate america would love this because :tinfoilhat: thinks they would take over the government. Gee, when citizens try to make a takeover, that's treason and we are put to death. Why does corporate america get continual lucky breaks?)
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC