Only in America

Posted: 26 February 2014 in Uncategorized
Tags: , , , ,

coprorate-welfare

As a society, we cut food stamps and extended unemployment insurance compensation but, according to Good Jobs First, we extend enormous amounts of welfare to corporate behemoths.

Even then, as David Kay Johnston explains, those numbers do not include many other forms of subsidies to American business.

For example, Good Jobs First does not count federal subsidies. It also leaves out indirect subsidies like perpetual monopoly rights of way for pipelines as well as rules that limit competition in pharmaceuticals, telecommunications and a host of other industries.

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