Quote:
Originally Posted by Guest
Corporate welfare is a term that analogizes corporate subsidies to welfare payments for the poor. The term is often used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment on corporations or selected corporations, and implies that corporations are much less needy of such treatment than the poor. The term is used interchangeably with crony capitalism; to the extent that there is a difference, the corporate welfare might be restricted only to direct government subsidies of major corporations, excluding tax loopholes and all manner of regulatory and trade decisions, which in practice could be much larger than any direct subsidies. The term, "Corporate Welfare", was reportedly invented in 1956 by Ralph Nader; conservatives like Grover Norquist prefer "Crony capitalism".
What does that have to do with the projects of the WPA that help make this a first world country?
What does this have to do that I appreciate the work of the generations before me, the roads, bridges, infrastructure and you seem to feel entitled.
Wealth was fairly distributed back then. Under Eisenhower the very, very wealthy paid 90% in taxes. Did you appreciate Eisenhower?
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Tax myth. No one actually paid 90%. After the "marginal tax rate" it was more like 40%. Just guesstimating, of course. Here's a table of tax rates to tax revenues. Notice, no big difference between then and now. And the tax rate was actually higher before Eisenhower, something like 94% and then went down to about 91% during Eisenhower.