Ten Examples of Welfare for the Rich and Corporations

by Bill Quigley Here are the top ten examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments but these ten will give a taste. One. State and Local Subsidies to Corporations. An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was [...]

By |2014-03-04T14:16:50-05:00February 2nd, 2014|Banking Reform, Big Business, Bill Quigley, Human Rights|0 Comments

Billionaires Want More

The Billionaires Want More, More, More By Bernie Sanders The billionaires are on the warpath. They want more, more, more. In 2007, the top 1 percent of all income earners in the United States made 23.5 percent of all income -- more than the bottom 50 percent. Not enough! The percentage of income going to the top 1 percent nearly tripled since the mid-1970s. Not enough! Eighty percent of all new income earned from 1980 to 2005 has gone to the top 1 percent. Not enough! The [...]

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