Corporate Welfare

With the entire Country focused on corona-virus news, last week, Trump signed into law a bill that would remove Food stamps from the poor.

In the U.S., it’s very common see people on welfare made fun of as people who only take from the system. The welfare recipients are made to feel guilty that they need help. They are called “welfare Queens” or lazy with no understanding of the person’s circumstances.  Certainly, there are some people who take advantage of the system as in all systems. However, there are countless millions that desperately need help. Without some form of assistance, some will not survive.

Therefore, welfare, as we currently use the word, has gotten a horrible wrap over the year. It has a negative implication to be primarily poor minority black & brown women.

This is far from the truth.  As you can see from chart below, whites make up the majority 39.1%. BUT this is not about who exactly the recipients are. Rather, it’s about why the Trump administration wants to end approximately 688,000 poor individuals from receiving food. (Food Stamps)

Eligibility for food stamps, known as Supplemental Nutrition Assistance Program, or SNAP, is based on a formula that takes into consideration family size, citizenship status. The change, which takes effect on April 1, 2020, does not apply to children and their parents, those over 50 (including the elderly), those with a disability or pregnant women.

 Sidebar:

  1. In order to qualify for Food Stamps, the individual must prove to have little to no income based on size of family.
  2. Food stamps CAN ONLY be used for unprepared food. (That means no fast food, no clothing, no furniture, or gasoline.)
  3. So, The Trump administration intentionally decided to take away Food from the poor??

While removing welfare for some of the poor, corporate welfare continue with full force. Corporate Welfare gives the well‐​connected protection from many of the normal risks of business. There are several ways corporations get rich on the taxpayer’s dime. The most obvious comes through subsidies or tax breaks for certain businesses or industries.

Consider the oil/gas industry, one of the most profitable and privileged sectors of the economy. Every year, oil companies get to deduct millions of dollars from their tax bill for the cost of new wells, oil exploration, and other drilling expenses.

Other examples of corporate welfare include billions in government subsidies for agricultural conglomerates, pharmaceutical giants, tech giants, & defense contractors.

Now Tru Talk:

  • Time to get rid of the notion that welfare represent poor black & brown people. This is incorrect stereotype leading many people feeling its ok to take away benefits from poor people.
  • The richest country in the world should be more than willing to feed the poor regardless the race.
  • Since we will always continue corporate welfare, we should never touch social welfare programs.  
  • Not matter what Americans received the Food Stamps, make no mistakes about it – one has to qualify as poor to get. (So, leave them alone)
  • Time to take serious look at ending corporate welfare.

Here’s the bottom-line: When corporations get special handouts from the government, it costs the rest of us. We have to pay more in taxes to make up for these hidden tax breaks, subsidies, and loopholes. In turn, there’s less money for good schools and roads, Medicare and national defense, and everything else we need.

Judge Beryl A. Howell blocked Trump Administration from implementing due to Corona-virus. “The proposed changes would … leave millions of Americans hungry and have profound and long-lasting consequences for their health.

Sources:

https://www.cato.org/publications/commentary/corporate-welfare-lives


One thought on “Corporate Welfare

  1. One take away, makes it challenging to end “corporate welfare” when it directly impacts national/ global economic stability, like General Motors Corp. If a large enough entity fails, so will the economy. Challenging part of trying to end something (corp welfare) of this magnitude is “we” still need places of employment. We crack down on one will eventually affect its supply chains and labor forces. We can find a balance of support for both social & corporate financial structures, but the “voice” can’t be lost EVER for humanity. What can we do to support a tactful response to the new law that takes affect on 1 April? Similar “smoke n mirror” tactics were made during Hurricane Sandy relief act when Senators from opposing parties put all sorts of “fat” in the aide for Sandy victims that included rail road development in an unrelated area…politics at its finest.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.