Welfare for Business is Good but Welfare for Families is Bad

In the U.S., it is rather commonplace to see welfare recipients demonized, people on food stamps ostracized, and anyone on any form of public assistance made to feel guilty that they need help. They are called lazy and incompetent, with little regard for circumstance or economic hardship. Sure, there are some people who take advantage of the system. But there are millions that desperately need help, and social welfare programs are the only thing standing between them and poverty.

However subsides to corporations are not deemed to be welfare.

The Taiwanese electronics manufacturer Foxconn announced a plan in 2017 to develop a factory hub south of Milwaukee, it’s promised to take a “Wisconsin First” approach to hiring local suppliers. While that phrase didn’t make it into the final contract, that’s how state officials and Foxconn have touted the deal, which involves about $4 billion in potential subsidies.

Foxconn is not alone in receiving government subsidies. Those subsidies are in the billions of dollars. According to The Cato Institute, corporate welfare handouts shot all the way up to $92 billion as of 2002.

Amazon recently conducted a contest to determine where they will open a second “headquarters.” NYC and Arlington, VA won the contest for Amazon’s split East Coast headquarters. Arlington lured in Amazon with promises of a helipad and a cash grant of up to $550 million. The NYC total amount in tax incentives and grants amounted to $3.4 Billion.

Then there are the subsidies for the movie industry called “tax incentives”. The California Film Commission administers the Film & Television Tax Credit Program 2.0 which provides tax credits based on qualified expenditures for eligible productions that are produced in California. The $1.55 billion program runs for 5 years, with a sunset date of June 30, 2020. Georgia allows for a 20 percent tax credit for companies that spend $500,000 or more on production or post production in Georgia, either in a single production or on multiple projects. The Georgia program has resulted in more film produced there than in Los Angeles.

Meanwhile, individuals and families, you should be ashamed apply for any welfare help.

One thought on “Welfare for Business is Good but Welfare for Families is Bad

  1. It is very sad and sadder yet that so many voters in our country continue to vote for people that will continue to subsidize corporations and buy into the myth that the poor (even though themselves are poor) are just lazy takers.

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