Corporate Welfare

Welfare is a big part of tadays society and economy. The question of whether there is too much welfare or whether there is too little. For example President Clinton had pledged to end welfare as we know it while otehrs say society should only reform welfare. Welfare should be reformed greatly especially in the areas of , Medicaid, Food Stamps, and other funded areas which are wasting money.
It is true that welfare helps keep certain companies strong and running in order to help the society and the economy. Automakers, for example, like Ford, General Motors, and Chrysler have got two tax breaks in the budget bill signed by President Clinton. In return, the three automakers have ...

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causes areas such as school lunches, public broadcasting and poor women with children, to be cut while corporated welfare goes untouched. For example, it has been porved by Friends of the Earth and the National Taxpayers Untion Foundation that 34 corporate subsidies were "both wastedful and environmentally destructive." In most of the western United States, corporated welfare leads to dead earth.
The federal government is looking in other areas to cut the budget instead of . It is estimated that the government could save around $500 billion in spending alone over seven years which would cut the the countries deficit in two. The biggest welfare recipient according to studies is Archer Daniels Midland. According to studies these facts have been sustained:
at least 43 percent of ADM's annual profits are from markets that would be virtually nonexistent without government subsidies or protection
every $1 of profits earned by ADM's sale of ethnol costs taxpayers $30
every $1 of ...

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PAPER DETAILS

Added: 1/7/2005 10:09:01 AM
Category: Economics
Type: Premium Paper
Words: 576
Pages: 3

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