It used to be most people weren't aware of corporate welfare, but now they are. Corporate welfare had a LOT to do with the occupy wall st movement. They didn't express that well, but if you dug down corporate welfare was at the heart of the resentment felt by many of them.
There are many types of Corporate welfare, I don't even begin to know them all. I'll provide a partial list here, anyone reading feel free to comment if you think I left anything out.
- Non Profit Status - This isn't even considered corporate welfare but if you think about it it is.
- Colleges
You have Universities that have jacked up tuition way beyond the inflation rate year after year after year yet pay no taxes on huge volumes of land they are squatting on.
- Churches
- Charities
If you can pay six and seven digit salaries to your ceo you can pay your damn taxes too.
- This kind of speaks for itself. The catholic church isn't generating a profit? Really?
- Colleges
- Allowing corporate use of public lands
Typically government allows corporations to use public lands for a cost far less than they would have to pay a public sector land owner. Some examples are:
There is a LOT of debate on this issue, but what should NOT be up for debate is that if corporations are going to lease PUBLIC land the very LEAST that should be required is they pay market rate for it. Currently they are damaging public resources while profiteering at the taxpayers expense.
- Bailouts of banks and insurance companies
Taxpayer funded government bailouts of "too big to fail" corporations has angered many people, big corporations get a helping hand up while peoples houses get repossessed in the never ending stagnant, shitty economy.
- Corporate tax breaks
One law for you, another for them.
So when it comes to who should get welfare, I don't think corporations should get ANY. They are a BUSINESS and in a REAL capitalist system need to stand or fall on their own.
I wouldn't eliminate welfare for poor people, but it should be put back to the helping hand up it was originally intended to be, and not be an eternal payout to those who won't work.
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