Why are we talking about social welfare when corporate welfare is by far our biggest cost?

[MicroBrew]

Lol @ the idea that paying ppl to not work is good for the economy. And I'm not American my opinion has nothing to do with your race politics.

Nobody is paying them to "not work". Welfare is a safety net to tide people over when they hit a rough patch and have no other means to survive. Most people on welfare have contributed to it, and get of it in 2 years to coupe of years time. Local vendors, including large corporate vendors, benefit from the government dispersing money to poor people who then proceed to spend it on the aforementioned vendors.

Researchers found that over a four-year period, 79 percent of people who received cash General Assistance - known as "welfare" - left the program within two years. About half left supplemental security income, medicaid, and food stamps in the same amount of time.

https://www.scpr.org/news/2015/05/28/52039/many-people-dont-spend-long-on-welfare-study-says/

I didn't say your opinion was race based. I was just stating that race is part of the equation on why social welfare gets so much critical focus relative to corporate welfare.

 

[Jorge Luis Borges]

Corporate welfare generally takes the form of deductitions and other incentives targetted at specific industries, but of course there are direct grants of capital as well.

Basically, some companies skirt around taxes other similar companies in different industries and individuals are required to pay.

It's lost revenue rather than direct expenditures that costs us trillions.

Do you have a source on that figure of trillions? I find it plausible, though probably not on a yearly basis.

In general, I'd favor a tax code with fewer deductions and exceptions, etc. It favors the politically connected at the expense of smaller businesses.

 

[Jack V Savage]

This is what I found during a quick google search while on the can (disclaimer: I didn't do extensive research on the following).

https://en.wikipedia.org/wiki/Corporate_welfare#Comprehensive_analyses

According to the Cato Institute, the US federal budget allocated $100 Billion to "corporate welfare" in 2012.

Also according to the Cato Institute, the US spends $668 billion federal dollars on social programs.

The following link will open as a PDF.
https://object.cato.org/sites/cato.org/files/pubs/pdf/PA694.pdf

This wasn't up when I made my post, though I think there are problems with the comparison that I highlighted in mine.

 

[Big Nasty Edison]

This wasn't up when I made my post, though I think there are problems with the comparison that I highlighted in mine.

I didn't see your post yet. I'll try and look for it. My information could be wrong or misinterpreted. Since I only spent as much time on it as it took to take a dump LOL

 

[Jack V Savage]

I didn't see your post yet. I'll try and look for it. My information could be wrong or misinterpreted. Since I only spent as much time on it as it took to take a dump LOL

No problem. Just saying that I would have just used your info and not tried to duplicate the search if I'd seen yours. But then I added that I still would have made a couple of the points I did.

 

[Prime Rib]

Companies hire and pay people.

People that are able-bodied and not working are the dredge of society. They need to learn to not be useless.

Taking our own advice is often the hardest.

 

[Prime Rib]

Because it's easier to criticize poor people in need than abstract wealthy companies.

99% of the people don't even understand corporate welfare.

Very insightful. What kind of "person" does Walmart look like?

I know exactly what some poor people look like. Human factor.

 

[Rational Poster]

Do you have a source on that figure of trillions? I find it plausible, though probably not on a yearly basis.

In general, I'd favor a tax code with fewer deductions and exceptions, etc. It favors the politically connected at the expense of smaller businesses.

If it's not a trillion or more annually, it certainly is over time, and has been costing us.

I don't have any figures now I'm playing fortnite at my desk while everyone is at the valentine's day party.

 

[Prime Rib]

How about none of the above.

Get rid of all forms of welfare.

And the "self made" libertarian rears its head.

Go dig your moat and call me when you are done, genius.

 

[KONG-D'SNT-TAP]

Social welfare is more of a humanitarian issue. It is harming a lot of people in this nation by stealing from upper class and rewarding laziness. It discourages progress and actually keeps people in lower classes. It’s wrong and goes against everything America was founded on.

Corporations needed the subsidies because of insane tax rates but now that there is some reform I hope we can cut the subsidies.

This post is so dumb it’s great

 

[Seano]

I want to discuss this.

https://www.cbsnews.com/news/trump-...ety-net-programs-medicaid-overhauls-tax-code/

I don't see why the two topics get muddied by including them in the same conversation. They are separate issues.

 

[KONG-D'SNT-TAP]

Billions in subsides for industry = Free Enterprise

Federal Aid for Poor and Needy = Socialism

 

[Prime Rib]

I don't see why the two topics get muddied by including them in the same conversation. They are separate issues.

I'll give this a try..........because right-wingers bitch about the gubment spending money on its citizens while ignoring all the free passes(that's code for $) they give to corporations. It's amazingly disproportionate to the outrage they levy on corporations.

 

[Seano]

I'll give this a try..........because right-wingers bitch about the gubment spending money on its citizens while ignoring all the free passes(that's code for $) they give to corporations. It's amazingly disproportionate to the outrage they levy on corporations.

I still think it'd make more sense to look at each problem rather than throwing stones at sides that aren't even really there. It leads to emotional stone throwing rather than having a strong focus on each issue.

 

[panamaican]

I don't see why the two topics get muddied by including them in the same conversation. They are separate issues.

In one sense, yes. But not in another. They're both government subsidies or support, via tax revenue, to individual entities for the purpose of helping them become more successful down the road. In both cases, they were designed for those in need and, in both cases, some of the entities game the system.

As @JVS already stated, there's a decent argument that social welfare actually helps the economy because the money circulates back into the economy. There's not as strong an argument that corporate welfare boosts the economy.

We spend more on corporate welfare, the benefits tend to accrue to companies that are already highly successful and they are used to negatively impact competition in many ways.

This is a link to testimony given before the U.S. Senate on the subject.
https://www.heritage.org/testimony/corporate-welfare-wastes-taxpayer-and-economic-resources

 

[Prime Rib]

I still think it'd make more sense to look at each problem rather than throwing stones at sides that aren't even really there. It leads to emotional stone throwing rather than having a strong focus on each issue.

Stop talking like Yoda.

Problem=The right bitching about social welfare while ignoring the much bigger apparatus that is funneling money to corporations.

 

[HatchetHarry]

This post is so dumb it’s great

Your response is so insightful. Enjoy your food stamps. I’m about to get a 2.5lb prime porterhouse to cook tonight.

 

[HatchetHarry]

Typical idiot response. Our corporations are taxed way too high. Even with reform they are unjustly taken advantage of.

 

[KONG-D'SNT-TAP]

Your response is so insightful. Enjoy your food stamps. I’m about to get a 2.5lb prime porterhouse to cook tonight.

Are your parents allowing you to use the kitchen tonight?

 

[Seano]

Stop talking like Yoda.

Problem=The right bitching about social welfare while ignoring the much bigger apparatus that is funneling money to corporations.

"But the rich people!"

"But the poor people!"

"Shut up"

"You shut up."