Corporate Welfare in USA: $92 Billion. Social Welfare: $59 billion.


"A calculation of federal government expenditures reveals that taxpayers paid out roughly US$59 billion to support traditional social welfare programs like housing assistance and food stamps, whereas US $92 billion went to corporations. (The Cato Institute conducted a similar analysis in 2002 and concluded US$93 billion was spent on corporate welfare for the year.) Almost all of the US$92 billion goes to firms in the energy and agricultural sectors." page 112

[NOTE][GC] here is the link to the Cato Institute study: http://object.cato.org/sites/cato.org/files/pubs/pdf/tbb-0205-7.pdf

Michael Carolan, Cheponomics: the high cost of low prices. (Earthscan: New York, 2014), 112.

#economy #poverty #wealthdistribution #inequality #income #taxes