Assignment On Aid To Dependent Corporations

532 words - 3 pages

I would like to start off by saying that I very much enjoyed Chuck Collins article on Aid to Dependent Corporations, Exposing Federal Handouts to the Wealthy. It was written on a topic that really captured my attention. The article itself was short and to the point, with plenty of supporting facts which made for easy reading and comprehension for me. The use of so many matters of fact dollar figures is probably the greatest attraction of this article to me.Growing up as part of our families farming and ranching business we had early exposure to the gross misuse of public funding for subsidies for the larger farms. It seemed that the larger your farming business the more lawyers you could retain to f ...view middle of the document...

I think one of the most profound points that Chuck Collins makes in this article is the point he makes about the Secretary of labor and the Budget Director identifying the need to reduce corporate welfare and that it would result in a $200 billion increase in tax revenue over a five year period. After the two cabinet members disclosed their plans to the president they where discouraged from further implementation because the president didn’t want to send the wrong signal to big party funders. This only increases my disdain for the politicians who know that there is something that can be done to improve our nation, but will not act because it is not favorable to the large party lobbyists. It makes much clearer to see that the lobbyist’s needs are always put before the public.Overall, I believe that if more of the public where exposed to data similar to the article by Chuck Collins we may be able to persuade our politicians and corporations to be more socially responsible as well as accountable for the millions of dollars that they are given. It just does not seem like a fair formula of accounting. The less money you make the more you are accountable for taxes ect. and the more you make the more loopholes you are afforded for relief of taxes or expenses.ReferencesLawrence, A., Post, J. and Weber, J., (1999). Contemporary Business Issues with Readings, (Based on selected materials from the Ninth Edition of Business and Society: Corporate Strategy, Public Policy, Ethics). Aid to Dependent Corporations Exposing Federal Handouts to the Wealthy p 399-401. McGraw-Hill Custom Publishing, NY.


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1068 words - 5 pages Aid to Dependent Corporations It seems people are quick to criticize the welfare system in the United States. However, there is another form of welfare that few are aware exists. This type of corporate welfare, termed "wealthfare," by Chuck Collins, the author of "Aid to Dependent Corporations," benefits corporations and the wealthy. Mr. Collins mentioned some very interesting facts with which I totally agree. His article helped me to

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