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Topic: Wealthfare


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In the News (Thu 10 Dec 09)

  
  rich off welfare EII
Wealthfare-the money we hand out to corporations and wealthy individuals- costs us at least $448 billion a year.
Wealthfare for the rich costs us about 3.5 times as much as the $130 billion we spend each year in welfare for the poor-an amount the 1996 welfare "reform" bill will reduce significantly.
Wealthfare can't stand the light of day; once it's seen for what it is, there's enormous pressure to eliminate it.
www.thirdworldtraveler.com /Pentagon_military/RichOffWelfare_EII.html   (1808 words)

  
 IMPACT Press Feb.-March '01 -- Article: Pigs at the Trough: The Corporate Welfare State in America
Also, wealthfare tends to go to industries that pollute our air and water or destroy public lands, necessitating further expenditures of government dollars and affecting our quality of life and our health as well.
Wealthfare is an outrage, a system much more in need of reform than welfare ever was.
Denying wealthfare to corporations whose executives receive more than a predetermined level of compensation (for example, a corporation where the CEO receives pay that is more than 30 times that of the lowest paid employee).
www.impactpress.com /articles/febmar01/corpwelfare020301.html   (2319 words)

  
 Take the Rich Off Welfare by Mark Zepezauer a book review by Tracy McLellan
Adding injury to injury corporations are disproportionately the beneficiary of what Zepezauer says are the five basic types of wealthfare: tax breaks, subsidies, firesales, cost overruns, and lax enforcement of white collar crime.
According to Zepezauer, wealthfare rose from $448 billion a year in 1996 to $815 billion in 2003, an 82 percent increase.
Wealthfare enjoyed by big business, writes Zepezauer, also includes tax avoidance by transnationals, lower taxes on capital gains, accelerated depreciation, insurance loopholes, business meals and entertainment, tax free municipal bonds, and export subsidies.
www.thirdworldtraveler.com /Book_Reviews/TakeRichOffWelfare.html   (1148 words)

  
 Thomas Paine Network   (Site not responding. Last check: 2007-10-23)
The largess the State provides for the big corporations is known as wealthfare.
Wealthfare takes many forms including : direct subsidies, tax deductions, limited liability, and weak law enforcement on white collar crime.
Wealthfare forces the cost of business and government on the American taxpayer and disproportionately on the working and middle classes.
www.tpaine.org /corstat.htm   (576 words)

  
 South End Press | Take the Rich Off Welfare | Introduction
And it’s not uncommon for two wealthfare programs to conflict—as when the Interior Department subsidizes irrigation water for agribusinesses and the Agriculture Department pays those same companies not to grow crops with that water.
Wealthfare has one final cost: the creative talents of many bright lawyers, accountants, and financial advisors are spent figuring out how to squeeze the maximum benefit from our labyrinthine tax code.
The fifth and final form of wealthfare might not sound like welfare at all, but it’s a major aspect of how government policies favor the rich: the lax enforcement of white-collar crime.
www.southendpress.org /2004/items/TROW/Introduction   (4642 words)

  
 Press Action ::: Wealthfare and Windfalls
He documents growing economic disparities that haven’t been as severe since 1929, and puts lie to welfare recipients, compared to “wealthfare” recipients, being societal parasites.
According to Zepezauer’s extensive documentation, wealthfare rose from $448 billion a year in 1996 to $815 billion in 2003, an 82% increase.
Wealthfare enjoyed by big business, writes Zepezauer, includes tax avoidance by transnationals, lower taxes on capital gains, accelerated depreciation, insurance loopholes, business meals and entertainment, tax free municipal bonds, and export subsidies.
www.pressaction.com /news/weblog/full_article/mclellan02092005   (1346 words)

  
 Aid to dependent corporations: exposing federal handouts to the wealthy. | Economics   (Site not responding. Last check: 2007-10-23)
At a time when Congress is attempting to slash or eliminate the meager benefits received by the poor, we are spending far more to subsidize wealthy corporations and individuals.
Wealthfare comes in five main varieties: discounted user fees for public resources; direct grants; corporate tax reductions and loopholes; giveaways of publicly funded research and development (RandD) to private profit-making companies; and tax breaks for wealthy individuals.
The largest, yet most invisible, part of wealthfare is tax breaks for corporations and wealthy individuals.
www.allbusiness.com /periodicals/article/499008-1.html   (818 words)

  
 Swans' Past Commentaries - mgc023
My gross over-generalization suggested that wealthfare recipients get back about as much, if not more, than they are taxed.
The lower estimates of those with some information on this matter suggest further that the wealthfare take is maybe half a trillion dollars annually of tax money.
As we blithely fund wealthfare with hardly a blip on the political radar, we (as a fiscal entity) sell instruments of debt called bonds, for example, to cover the gaps in current accounts.
www.swans.com /library/art3/mgc023.html   (3166 words)

  
 #38, October 1996: Take the Rich Off Welfare
For a summary of what goes into that $448-billion wealthfare figure, turn back one page to the table of contents, where we list the estimated annual cost of the various subsidies, handouts, tax breaks, loopholes, rip-offs and scams this book describes.
Most of these could be books in themselves: state and local wealthfare (as opposed to federal), the easy treatment given white-collar criminals, Medicare waste and fraud, automobile subsidies, the effects of Federal Reserve policies, the NAFTA and GATT treaties, foreign aid, deregulation of various industries, fraudulent charitable deductions, and on and on.
And it's not uncommon for two wealthfare programs to conflict--as when the Interior Department subsidizes irrigation water for agribusinesses and the Agriculture Department pays those same companies not to grow crops with that water.
iwhome.com /ComicNews/rants/rant38.html   (1777 words)

  
 The Anti-IRS News   (Site not responding. Last check: 2007-10-23)
Wealthfare for the rich costs about 31/2 times as much as welfare for the poor.
Three years of wealthfare costs us the same as it costs to run the government for one year and 12 years of wealthfare equals about 200 years of deficit spending.
Following is a list of the wealthfare that is ripping off the average middle class taxpayer (These amounts are in billions of dollars per year):
www.anti-irs.com /newsletters/1998/Jul98.html   (2781 words)

  
 THE WEALTHFARE STATE   (Site not responding. Last check: 2007-10-23)
A minimum of $448 billion is spent on subsidizing the rich -- that's right, welfare for the wealthy, aka, wealthfare.
It's great to be rich in the US -- the current system of government subsidies ensures that the wealthy get even wealthier at OUR expense.
The list below is not all-inclusive; it is only some of the biggest offenders; wealthfare is a growth industry in the US -- there are many more examples.
www.cat.org.au /a4a/wealth.html   (382 words)

  
 Book Review - Take Rich Off Welfare
Wealthfare (also known as Corporate Welfare) costs at least $448 billion annually, 3.5 times the $130 billion spent on welfare for the poor.
The authors postulate the entire deficit could be wiped out by cutting wealthfare by about 26%.
They state that, due to time and space limitations, they were forced to leave out many major categories of wealthfare.
baltimorechronicle.com /wealth_fare.html   (1109 words)

  
 Can a man opt out from the responsibility of supporting a child? - Page 6 - nV News Forums
The woman will then always win primary custody of the children long before the guy can prove the domestic abuse claim was bogus (by then hes already out of money from the child support payments, so can't afford a lawyer anyways).
From that point on the woman can just sit on her ass all day and live off the child support payments and wealthfare.
With wealthfare you can live a lower-class life, but with wealthfare and a couple of child support payments a woman can live a middle-class life.
www.nvnews.net /vbulletin/showthread.php?t=66018&page=6   (817 words)

  
 World Future Society--Future Survey
"Wealthfare" giveaways to corporations and wealthy individuals are estimated at $815 billion in 2003, including $85 billion in Social Security tax inequities, $137 billion in tax avoidance by transnationals, $90 billion from lower taxes on capital gains, $224 billion in military waste and fraud, $30 billion for agribiz subsidies, etc.
But basic principles for government organization are needed for 21C (433), and David Orr rightly complains of "a leadership vacuum on the big issues of our time" (434).
The US government gives away $815 billion a year in "wealthfare" to corporations and rich individuals (435), and a crisis in tax administration could encourage more scofflaws (436).
www.wfs.org /fsrvsep04.htm   (1041 words)

  
 Aid to Dependent Corporations   (Site not responding. Last check: 2007-10-23)
Using a general definition of “welfare” that includes federal handouts to any citizen or corporation, Collins provides a critique of “wealthfare” or “gilded welfare,” defined as federal handouts to the wealthy.
He outlines the major forms of wealthfare, along with illustrations to demonstrate the extent of these handouts to both wealthy individuals and corporations, and critiques a system of federal handouts that is based upon conservative assumptions.
Using concepts from the major text, and at least one theoretical perspective that clearly fits the author's thesis, analyze why so many Americans are opposed to "welfare" and stigmatize welfare recipients but are blind to "wealthfare." Discuss some examples of wealthfare in your answer.
www.polk.edu /instruct/ALSS/Lilli/syg2000TV/synthesisessays/aidetocorp.htm   (245 words)

  
 The Dick's deal: More 'wealthfare' - Pittsburgh Tribune-Review
Dick's Sporting Goods, the Findlay-based mega-merchant, has 17,500 employees, 240 stores in 34 states and an aggressive expansion plan to quintuple the size of its headquarters campus into a 1.1-million-square-foot six-building complex capable of housing more than 5,400 employees.
Rendell last week handed the robust retailing giant $10.85 million in corporate wealthfare.
Ed Stack, Dick's CEO, accepted the $2 million opportunity grant, $2.1 million in job creation tax credits, $500,000 in customized training grants, $1.25 million in infrastructure development program grants and $5 million from the Pennsylvania Department of Transportation.
www.pittsburghlive.com /x/tribune-review/opinion/archive/s_359226.html   (232 words)

  
 A National Policy Based On What Works   (Site not responding. Last check: 2007-10-23)
For a systematic array of organizations that share the Foundation's policy, see Links.
Wealthfare Category and Illustration Annual Cost to Taxpayers
As Citizens for Tax Justice put it, "more than any other kind of income, capital gains are concentrated at the very top of the income scale."
www.eisenhowerfoundation.org /frames/conclusions.htm   (703 words)

  
 Blogger: Email Post to a Friend
In fact, $815 billion is definitely an underestimate.
Limitations of time and space forced me to leave out many major categories of wealthfare.
(Only the military chapter is longer, which gives you an idea of how much wealthfare isn’t included in the estimate.) Even within categories I do cite figures for, there are often additional wealthfare expenses I haven’t been able to nail down.
www.blogger.com /email-post.g?blogID=3552292&postID=109607275060249553   (253 words)

  
 Considering a move to D-R infos please - Page 3 - DR1 Forums
1- I don't live on wealthfare and there are really slim chances I ever need it.
I am really competent in many fields, even thought I am quite young, I've been working at different places on different things since I was 13; first as a chambermaid, then a waitress/bossgirl, then receptionnist, in an hotel.
2- Support for young single mothers up here is discussion groups, which I never go to, heck, at least if they would do "support" but they're bitching, whining and complaining about how hard it is to live with a kid and most of them are on wealthfare, 16-17 yrs old.
www.dr1.com /forums/showthread.php?t=37476&page=3   (2019 words)

  
 John Quiggin: Butterflies
An election loss for the LN/P would be an adverse refferendum on the Coalition's Culture War and the Coalition of the Willings War on Terror.
An election win for thhe LN/P would simply be politics as usual ie the party with the right trade off of wealthfare property and welfare equity policies wins.
The LN/P seem to have struck the right balance between foreign fear and domestic greed.
www.johnquiggin.com /archives/002010.html   (210 words)

  
 Stare Blog: Pass a Global Test? WHAT!!!?
When I heard this during the presidential debates last night it sent a chill down my spine.
It seems to me that Kerry cares more about political and global opinions rather than the wealthfare of America and its people.
He would even allow an international court have the right to ignore American sovereignty and put Americans on trial.
www.starestudios.com /blog/2004/10/pass-global-test-what.html   (281 words)

  
 -suz's blog | DemSpeak | Open Source Thinktank | Messaging Strategies to Win   (Site not responding. Last check: 2007-10-23)
In each test, subjects were given a reasoning task in which they had to evaluate information that was threatening to their own candidate, while functional magnetic resonance imaging recorded what parts of their brain were active.
Wealth Care sounds similar to a concept used by Stanley Eitzen and Maxine Baca-Zinn - 'Wealthfare.' The concept of ‘Wealthfare’ was used to counter the common complaint that welfare recipients are a big drain on taxpayers.
Eitzen and Baca-Zinn showed with extensive supporting data that taxpayers lose a lot more money through ‘Wealthfare’ subsidies to the rich than through welfare to the poor.
demspeak.com /?q=blog/381   (1716 words)

  
 3rd Rail of Politics; Still No plan!   (Site not responding. Last check: 2007-10-23)
FDR created Social Security to insure Americans could rely on some type of nest-egg during retirement, a semi-investment.
When LBJ opened up the Social Security fund to people with disabilities, our investments payed for someone elses wealthfare.
This was the single most devestating legislative manuever that anyone of our presidents has ever made.
www.freerepublic.com /focus/f-gop/1238924/posts   (580 words)

  
 VWvortex Forums: do you hate looking at your paycheck ?
Go work in india, where you work for 12 cents an hour and don't pay taxes, then you will stop b*tching.
For the US national government, the big chunks of spending are Social Security, Medicare, military, and interest on the national debt.
All those items are paid for by YOUR tax dollars.
forums.vwvortex.com /zerothread?cmd=print&id=2047005   (4561 words)

  
 Charity for the wealthy free essays
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“Wealthfare” is the term being used for corporate welfare assistance.
Wealthy companies and individuals are receiving monetary handouts from the American government, which acquired the funds from the taxpayers’ pockets.
www.needfreeessays.com /viewpaper/5999.html   (270 words)

  
 Amazon.ca: The Healthy Workplace: Health Fairs for Your Wealthfare: Books   (Site not responding. Last check: 2007-10-23)
Amazon.ca: The Healthy Workplace: Health Fairs for Your Wealthfare: Books
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Use Your Account to view or change your orders
www.amazon.ca /exec/obidos/ASIN/0962833444   (140 words)

  
 [No title]
Provide your own personal critique of these five that is, do you agree/disagree with any of them?
(1) Define welfare; (2) define wealthfare; and (3) explain what is meant by the “loophole writing industry.” List five major varieties of “wealthfare." List and describe two organizations that expose “wealthfare” programs.
Does the author believe that these two organizations are necessary today?
business.baylor.edu /Allen_Seward/swhompage/socialworld1/HWK10WELFARE.doc   (317 words)

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