This, totally. Politicians and pundits talk about welfare as if it’s solely cash given to people. Hardly ever discussed is corporate welfare: the grants and subsidies, the contracts and cut-price loans that government hands over to business. Yet some of our biggest companies and industries operate a business model that depends on them extracting money from the British taxpayer. The operators of our supposedly privatised train services are kept afloat by billions in public money. Or take the firm created by billionaire Jeff Bezos: last year it emerged that Amazon had paid less in corporation tax to the UK than it had received in government grants. theguardian/commentisfree/2014/oct/06/benefits-corporate-welfare-research-public-money-businesses?CMP=fb_gu
Posted on: Tue, 07 Oct 2014 11:34:04 +0000
Trending Topics
Recently Viewed Topics
© 2015