It has become hard to keep track of the corporate welfare troughs around the country into which companies dip their snouts. One challenge in some cases is to find out how much swill has been poured into them.
The Business Dictionary defines corporate welfare as government financial support for big business, usually in the form of bounties, subsidies, or tax breaks.
The Taxpayers Union, which monitors this form of wealth redistribution, a year ago released a report, ‘Socialism for the Rich’, by Jim Rose. This showed the annual cost of corporate welfare had become $1.6 billion – or $931 per New Zealand household.
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On Friday July 25th the BBC’s Jon Donnison reported from Jerusalem for BBC television news on the topic of the ‘Day of Rage’ called for by assorted Palestinian factions including Hamas on that date. The report also appeared on the BBC News website under the title “Gaza and Israel brace for ‘day of anger’“.
In that report Donnison described the events of the night before at Qalandiya checkpoint.
“Now you mentioned those clashes in Ramallah overnight – ah…pretty bad. Ten thousand people demonstrating. They marched towards the Qalandiya checkpoint which separates Ramallah from…err… East Jerusalem. We had two Palestinians killed, more than 250 injured and 29 Israeli police officers also injured. So – as you say – a day of anger being called for and I think it could be a difficult day.”
Like all the other BBC journalists who reported on those violent riots in Qalandiya
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Below is my column on the implications of the IG report for the obstruction allegations being investigated by Special Counsel Robert Mueller. I have previously written how the most likely explanation for actions taken by this Administration will be found in Ockham’s Razor and that theory that requires the least number of assumptions. The IG report is an example of following such logic rather than assumptions.
Here is the column:
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Economists often do a crummy job of teaching people about the impact of fiscal policy on the labor force, largely because we put people to sleep with boring discussions about “labor supply” decisions (my blog post from last year perhaps being an example of this tendency).
From now on, I will try to remember to use this cartoon. It’s a parody of Obama’s policies, but the last slide (or is it a panel?) is a great teaching tool about what happens when politicians turn the safety net into a hammock.
I’m a big believer that some images do a great job of capturing an issue.
- The essential insight of supply-side economics.
- The Washington welfare morass.
- America’s inescapable demographic challenge.
- The ever-more-confusing tax code.
- How the swamp beat Trump on the budget.
- The left’s view of how insurance should work.
- The one-way street toward liberty.
- The economic incentives of socialism.
Speaking of socialism, let’s look at some more images that reveal the essence of that bankrupt ideology.
Here’s a cartoon from Libertarian Reddit that does a great job of showing the real difference between capitalism and socialism.
Perfectly stated. Reminds me of the insights offered by Thatcher and Churchill.
Sadly, if you provide the statists with real-world evidence, many of them still prefer the world in top-right frame rather than the bottom-right frame.
Heck, the IMF actually publishes studies supporting equal levels of poverty.
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