Who Hijacked Our Country

Thursday, February 13, 2014

Conservatives Are Right: Welfare DOES Destroy Incentive and Create Laziness

Corporate welfare that is.

A recent study has concluded what most of us already knew:   Corporate tax breaks and subsidies cause the recipients to become complacent, lazy and unproductive.

Jeff Zebo, in charge of this study, said:

Most of them [tax-dodging CEOs] spend an inordinate amount of time hobnobbing in lavish resorts and playing Candy Crush on corporate jets.

Exhibit A:  Bank of America CEO Brian Moynihan.  Bank of America has received over $1 trillion (no, that wasn't a typo) in bailout money and paid ZERO taxes in 2010.  Jeff Zebo said:

Has this made Moynihan motivated?  No the man can barely pay attention on the job. And he sleeps all the time employees sometimes stumble into his office and find him face down on the desk mumbling about things like milk shakes and Aruba.

But, he's a Job Creator!!!

Exhibit B:  Goldman Sachs CEO Lloyd Blankfein.  Goldman Sachs aka the Vampire Squid, as Matt Taibbi calls them is the second largest recipient of corporate welfare and also paid zero taxes in 2010.  In return for such taxpayer largesse, Lloyd Blankfein contributes, uhh...

He sits around his mansion most days eating chips, drinking Belgian beer and taking conference calls in a bathrobe while secretly playing Call of Duty.  And when he's forced to leave his house, it's clear he just wants back on his couch.

Jeff Zebo's solution?

Take away their corporate welfare.  Unlike the poor, they don't need it. And they'd actually be more productive as a result.

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Anonymous Anonymous said...

I'll Paraphrase the Conservative (think it was Eric Cantor) when commenting about extending Unemployment Benefits:

"How is this supposed to encourage them to be productive and not to depend on it?"

I could say the same about Corporate Welfare


February 13, 2014 at 4:33 PM  
Blogger Jerry Critter said...

They say corporations are people. Perhaps,they should be treated like people and only get deductions available to people, and pay the same tax rates.

February 13, 2014 at 8:53 PM  
Anonymous Jess said...

Commies, saying the corps are not allowed to get welfare. What is the matter with you people anyway, why are you not setting up telethons for these guys, they lost some money in their bonus this year. For shame libruls, fer shame.

February 14, 2014 at 12:33 PM  
Blogger Tom Harper said...

Erik: I think welfare is welfare, whether it's a person down on his/her luck or a trillion-dollar corporation. The individual needs it (I realize a lot of people are gaming the system); the corporation doesn't.

Jerry: If corporations are people, they should be required to piss in a cup before they receive a taxpayer-funded bailout.

Jess: You're right, what was I thinking? I must have some sort of hidden dark side that hates business, hates success and hates America.

February 14, 2014 at 1:13 PM  
Blogger Life As I Know It Now said...

they also need to be drug tested since they're taking our tax dollars!!!

February 17, 2014 at 4:56 AM  
Blogger Tom Harper said...

Life: LOL. I agree wholeheartedly.

February 17, 2014 at 11:02 AM  

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