Corporate Welfare exposed in Time magazine 9 Nov 1998/URL & intro

Tom Boland (wgcp@earthlink.net)
Tue, 3 Nov 1998 04:35:02 -0400


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FWD  For the full story in TIME MAGAZINE, see:
http://cgi.pathfinder.com/time/magazine/1998/dom/981109/cover1.html


SPECIAL REPORT/CORPORATE WELFARE
NOVEMBER 9, 1998 VOL. 152 NO. 19

CORPORATE WELFARE

A TIME investigation uncovers how hundreds of
companies get on the dole--and why it costs every
working American the equivalent of two weeks' pay every
year

By DONALD L. BARLETT AND JAMES B. STEELE


How would you like to pay only a quarter of the real estate
taxes you owe on your home? And buy everything for the
next 10 years without spending a single penny in sales tax?
Keep a chunk of your paycheck free of income taxes? Have
the city in which you live lend you money at rates cheaper
than any bank charges? Then have the same city install free
water and sewer lines to your house, offer you a perpetual
discount on utility bills--and top it all off by landscaping your
front yard at no charge?

Fat chance. You can't get any of that, of course. But if you
live almost anywhere in America, all around you are
taxpayers getting deals like this. These taxpayers are called
corporations, and their deals are usually trumpeted as
"economic development" or "public-private partnerships."
But a better name is corporate welfare. It's a game in which
governments large and small subsidize corporations large
and small, usually at the expense of another state or town
and almost always at the expense of individual and other
corporate taxpayers.

END FORWARD
** NOTICE: In accordance with Title 17 U.S.C. Section 107, this material is
distributed without profit to those who have expressed a prior interest in
receiving the included information for research and educational purposes. **

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FWD  For the full story in TIME MAGAZINE, see:

http://cgi.pathfinder.com/time/magazine/1998/dom/981109/cover1.html



<paraindent><param>right,left</param>SPECIAL REPORT/CORPORATE WELFARE

NOVEMBER 9, 1998 VOL. 152 NO. 19


CORPORATE WELFARE


A TIME investigation uncovers how hundreds of

companies get on the dole--and why it costs every

working American the equivalent of two weeks' pay every

year


By DONALD L. BARLETT AND JAMES B. STEELE

</paraindent>


How would you like to pay only a quarter of the real estate

taxes you owe on your home? And buy everything for the

next 10 years without spending a single penny in sales tax?

Keep a chunk of your paycheck free of income taxes? Have

the city in which you live lend you money at rates cheaper

than any bank charges? Then have the same city install free

water and sewer lines to your house, offer you a perpetual

discount on utility bills--and top it all off by landscaping your

front yard at no charge?


Fat chance. You can't get any of that, of course. But if you

live almost anywhere in America, all around you are

taxpayers getting deals like this. These taxpayers are called

corporations, and their deals are usually trumpeted as

"economic development" or "public-private partnerships."

But a better name is corporate welfare. It's a game in which

governments large and small subsidize corporations large

and small, usually at the expense of another state or town

and almost always at the expense of individual and other

corporate taxpayers.


END FORWARD

** NOTICE: In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. **


HOMELESS PEOPLE'S NETWORK  <<http://aspin.asu.edu/hpn/>  Home Page

ARCHIVES  <<http://aspin.asu.edu/hpn/archives.html>  read posts to HPN

TO JOIN  <<http://aspin.asu.edu/hpn/join.html> or email Tom <<wgcp@earthlink.net>

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