Wednesday, February 26, 2014

Whelp, We're Boned

From this article:
The size and range of the subsidies the tool has uncovered helps explain the burdens taxpayers must bear because so many major corporations rely on welfare for much or all of their profits rather than earning them.
Holy fuuuuuuuuuuck...

If we, the taxpayers, are subsidizing their profits, doesn't that imply that we live in a right-wing socialism?
ETA: Thank God we've got a gubernatorial candidate who gets it, and gets that the only way to win this game (thank you Jon Geeting for calling it the "Ripoff Game") is not to play and play the Economic Gardening* game instead:
Tom Wolf’s Fresh Start plan has a different idea that’s not based on blowing a bunch of money on propping up zombie firms. He wants to invest in Ben Franklin Tech Partners and other regional incubators that have a proven track record of creating new Pennsylvania businesses, and commercializing the good ideas coming out of our many universities into working business models.

This is a slower process than the Ripoff Game, but it actually creates new value, and it’s actually sustainable in the long run. This would be the benefit of having a self-funder Governor. Unlike Tom Corbett, he wouldn’t try to bet the horse on stupid get-rich-quick schemes conveniently timed to the election calendar.
(Keystone Politics)
*Would you believe there is no Wikipedia page for economic gardening? Now that's ridiculous...

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