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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: NOW who wrote (9407)7/19/2004 3:56:12 PM
From: GraceZ  Read Replies (1) of 116555
 
well 87 billion a year to corporate welfare aint chump change, and that number comes from the conservative CATO institiute.

Offset of course by 194 billion in corporate tax collections means what you are calling welfare is really structured much like the personal tax collection where the non-politically connected half pays for the other half. Welcome to socialism, ain't it great!?

BTW all corporate taxes are, of course, incorporated into the final product price that the consumer pays. It's a great way to hide the total level of taxation from the populace. Obviously it works judging from your comments.
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