In the debate about poverty, critics argue that government assistance saps initiative and is unaffordable. After exploring the issue, I must concede that the critics have a point. Here are five public welfare programs that are wasteful and turning us into a nation of “takers.”
First, welfare subsidies for private planes. The United States offers three kinds of subsidies to tycoons with private jets: accelerated tax write-offs, avoidance of personal taxes on the benefit by claiming that private aircraft are for security, and use of air traffic control paid for by chumps flying commercial.
As the leftists in the George W. Bush administration put it when they tried unsuccessfully to end this last boondoggle: “The family of four taking a budget vacation is subsidizing the C.E.O.’s flying on a corporate jet.” ...
It's forever fascinating how some poor dweeb who ekes out half a living earning the minimum wage, and so qualifies for food stamps, qualifies for an Earned Income Tax Credit, and (now) gets subsidized health coverage under the Affordable Care Act, is vilified as a leach. But very little attention (or nastiness) is directed at
Large Corporate Farms on subsidies
Big Oil Companies on subsidies
Big Pharma on subsidies
Military Subcontractors on subsidies
And of course, MY favorites, all the Big Banks that guzzle at the public trough.
“Subsidizing the Corporate One Percent,” the report from the taxpayer watchdog group Good Jobs First shows that the largest corporations in the world aren’t models of self-sufficiency and unbridled capitalism. To the contrary, they continue to receive tens of billions of dollars in government handouts. Such subsidies might be a bit more defensible if they were being doled out in a way that promoted upstart entrepreneurialism. But as the study also shows, a full “three-quarters of all the economic development dollars awarded and disclosed by state and local governments have gone to just 965 large corporations” — not to the small businesses and startups that politicians so often pretend to care about.
But since we do live in this most excellent of corporatist states, this is to be expected, yes?
Add On: Happily, the Chosen Few don't get special treatment in our courts. Do they?