It’s time for the government change the terms of how it handles corporate welfare.
Corporate welfare is important because it creates jobs, which brings in more taxes for the government by more people working.
Because of the sub-prime fiasco the federal government around the world decided to use taxpayer’s money to buy up these high-risk mortgage certificates for hundreds of billions of dollars.
Eventually they will get their money back.
A lot of corporations are closing down plants and moving away after getting corporate welfare to hundreds of millions of dollars taking their equipment and leaving communities out of work and the tax payers on the hook.
Venture capitalists loan money for business startups and expansions for a for a good return on their money and the way they secure their investment is to get a controlling interest in the company until the investment is paid back.
This gets them access of the necessary information on the true performance of the company and if the company is not performing to expectation, gets them the control to put the company back on course for the company to be successful.
The government should do the same when corporations come with cap in hand for government money.
Corporate welfare is important because it creates jobs, which brings in more taxes for the government by more people working.
Because of the sub-prime fiasco the federal government around the world decided to use taxpayer’s money to buy up these high-risk mortgage certificates for hundreds of billions of dollars.
Eventually they will get their money back.
A lot of corporations are closing down plants and moving away after getting corporate welfare to hundreds of millions of dollars taking their equipment and leaving communities out of work and the tax payers on the hook.
Venture capitalists loan money for business startups and expansions for a for a good return on their money and the way they secure their investment is to get a controlling interest in the company until the investment is paid back.
This gets them access of the necessary information on the true performance of the company and if the company is not performing to expectation, gets them the control to put the company back on course for the company to be successful.
The government should do the same when corporations come with cap in hand for government money.
