playtime
Diamond Member
- Aug 18, 2015
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a made up definition to a made up thingy. only in lib land.I have no fking idea what corporate welfare is, it's your bumper sticker, I don't have a definition. so stop talking for me since you have no idea who I am. you speak for you bubba, Loser.I love americans working, my neighbors and my countrymen. Not illegals. not jobs shipped to other countries because taxes are so fking high on our industries.Nah, i like corporate welfare so much more. You know like you do!
And you love corporate welfare, you just said so!
Corporate welfare
From Wikipedia, the free encyclopedia
Corporate welfare is a term that analogizes corporate subsidies to welfare payments for the poor.[1] The term is often used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment for corporations. It highlights how wealthy corporations are less in need of such treatment than the poor.[1]
The definition of corporate welfare is sometimes restricted to direct government subsidies of major corporations, excluding tax loopholes and all manner of regulatory and trade decisions, which, in practice, could be worth much more than any direct subsidies.
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Background
Subsidies considered excessive, unwarranted, wasteful, unfair, inefficient, or bought by lobbying are often called corporate welfare.[1] The label of corporate welfare is often used to decry projects advertised as benefiting the general welfare that spend a disproportionate amount of funds on large corporations, and often in uncompetitive, or anti-competitive ways. For instance, in the United States, agricultural subsidies are usually portrayed as helping independent farmers stay afloat. However, the majority of income gained from commodity support programs actually goes to large agribusiness corporations such as Archer Daniels Midland, as they own a considerably larger percentage of production.[22]
Alan Peters and Peter Fisher, Associate Professors at the University of Iowa,[23] have estimated that state and local governments provide $40–50 billion annually in economic development incentives,[24] which critics characterize as corporate welfare.[25]
Some economists consider the 2008 bank bailouts in the United States to be corporate welfare.[26][27] U.S. politicians have also contended that zero-interest loans from the Federal Reserve System to financial institutions during the global financial crisis were a hidden, backdoor form of corporate welfare.[28]
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Corporate welfare - Wikipedia
lol... ralph nader who coined that term is hardly a lib...