[misterrob]

Corporate welfare could be defined as giving businesses tax breaks and government subsidies to influence market behavior. The fact is that if you need Uncle Sam to support a market then that market doesn't really exist.

Look at the pharma industry as a huge example of welfare. They are allowed to sponge off of the NIH for formulations and then spend huge amounts of money on marketing and sales expenses. They cry about having no incentive to do R&D if the government instills price controls but since the NIH is doing so much R&D for them why should they spend their own coin?

[Jaysun]

Corporate welfare could be defined as giving businesses tax breaks and government subsidies to influence market behavior. The fact is that if you need Uncle Sam to support a market then that market doesn't really exist.

Look at the pharma industry as a huge example of welfare. They are allowed to sponge off of the NIH for formulations and then spend huge amounts of money on marketing and sales expenses. They cry about having no incentive to do R&D if the government instills price controls but since the NIH is doing so much R&D for them why should they spend their own coin?

I don't think we should tax Corporations at all. I agree with you in the example (pharm industry) that you provided. I think that history has proven a laizzes faire approach the best.