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I don't understand the need for corporate welfare.

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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-10-11 09:11 PM
Original message
I don't understand the need for corporate welfare.
If the Trickle Down principle worked, it would be working today because of the great tax breaks that these corporations get. But on top of the tax breaks, we're also giving them public inducement money? Why don't we pick out the corporations that do not pay taxes, and find out if the trickle down effect is working for them. If it is not, then why can't we use it as an illustration for the Republican model's failure?

On top of that, if they need public money on top of the tax break, it should be another example that the Trickle Down Effect does not work.

Why doesn't someone keep track of corporations and see if they're delivering? If they are not, then we should take the money back through higher taxes and no more public assistance for corporations. Let the government create the jobs in a direct way so they can get around pinheaded Republican governors.
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-10-11 10:05 PM
Response to Original message
1. Campaign donations
It's a cycle... corporate welfare gets recycled into the campaign coffers of the lawmakers who enact it, so that they can win again and provide more corporate welfare which can be further recycled into the campaign coffers, ad infinitum until only Death itself can release the lawmaker's iron grip on power.
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-11-11 09:20 AM
Response to Reply #1
2. But someone can measure the success or failure of Trickle down,
just by honing in on a company's labor record. Look at GE, for instance. They paid zero taxes. How many jobs did they create? If they didn't create jobs, they're not applying the windfall correctly. So take away their tax breaks.

There has to be a measurable cause and effect in order for them to keep those tax breaks.
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-11-11 09:20 AM
Response to Reply #2
3. kicked for the a.m. crowd.
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