Corporate Socialism

On yesterday's road trip I listened to this episode of FreshAir.  It's an interview with the author of Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill).

To summarize, Corporations get more from the tax payers than that Cadillac driving welfare mother ever did.

The most interesting discussion was around GW's ownership of a Texas baseball team. The sale of the team is the primary source of Bush's wealth and the total profit from the sale of the team was less than the government subsidy of the team's stadium. Which leaves us with two points. 1) Bush squandered the subsidy, i.e, he lost money, and 2) he owes his wealth to a taxpayer subsidy.