Corporate socialism – funding uplift for Air Chathams and a gondola

Point of Order

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.

Releasing the report, it said: 

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This entry was posted in applied price theory on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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