Corporate Welfare • Corporate welfare refers to laws and policies that favor corporations and the wealthy, such as low-interest government loans to failing businesses and special subsidies and tax breaks to corporations. - Between 1990 and 1997, Seaboard Corporation, an agribusiness corporate giant, received at least $150 million in economic incentives from federal, state, and local governments to build and staff poultry- and hog-processing plants in the US, support its operations in foreign countries, and sell its products. Taxpayers picked up the tab for this corporate welfare, as well as the costs of homelessness (due to the inability of Seaboard’s low-paid employees to afford housing) and dwindling property values resulting from smells of hog waste and rotting hog carcasses in areas surrounding Seaboard’s hog plants. Meanwhile, wealthy investors in Seaboard have earned millions in increased stock values. Blaming the Poor: Two Deficiency Theories
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This note was uploaded on 11/08/2011 for the course SCIE SYG2000 taught by Professor Bernhardt during the Fall '10 term at Broward College.