Billionaire government grifter get millions in federal subsidies but deny their workers a living wage. Welfare Kings!
- Walmart recently reported net income of $5.14 billion. Jim Walton is worth $60 billion. But thousands of Walmart workers have to rely on foodstamps and Medicaid to survive.
- Musk says he doesn't want any help from the US government but Tesla, SolarCity, and SpaceX are estimated to have got nearly $5 billion in government support.
- Rick Scott's company Columbia/HCA was involved in one of the largest Medicare fraud cases, but he walked away with $300 million.
Follow the grift to spot the real Welfare Kings
Corporate welfare is a form of cronyism, and it is a direct attack on free market capitalism. It allows the government to pick winners and losers and it is flatly wrong—ethically and economically.
“Subsidies and mandates are just two of the privileges that government can bestow on politically connected friends. Others include grants, loans, tax credits, favorable regulations, bailouts, loan guarantees, targeted tax breaks and no-bid contracts.” - Charles Koch
Atlas Shrugged - Ayn Rand
“When you see that in order to produce, you need to obtain permission from men who produce nothing—When you see that money is flowing to those who deal, not in goods, but in favors—When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—When you see corruption being rewarded and honesty becoming a self-sacrifice—You may know that your society is doomed.”
When the government interferes in the market it limits competition, often rewards people for bad business practices, reduces consumer choice, stifles innovation, and forces taxpayers to fund products and programs against their will. It is a complete perversion of a free market system. - Foundation For Economic Education
Billionaires feed off your tax payments
TakeAway: Call out the billionaires feeding off the government trough but dodging their taxes and denying workers a living wage.
DISCLAIMER: ALTHOUGH THE DATA FOUND IN THIS BLOG AND INFOGRAPHIC HAS BEEN PRODUCED AND PROCESSED FROM SOURCES BELIEVED TO BE RELIABLE, NO WARRANTY EXPRESSED OR IMPLIED CAN BE MADE REGARDING THE ACCURACY, COMPLETENESS, LEGALITY OR RELIABILITY OF ANY SUCH INFORMATION. THIS DISCLAIMER APPLIES TO ANY USES OF THE INFORMATION WHETHER ISOLATED OR AGGREGATE USES THEREOF.