Corporate welfare costs much, much more than regular welfare. Think about this: an individual receives between 400 to 600 dollars a month. Corporate
welfare bailouts cost ??? per bailout. Also there are alot of programs for businesses to market themselves, for example, which are government
supported. Also, at least 50% of our budget goes for military.
And we all know about the military buying I-bolts for $50,000 each, and the $25,000 toilet seat. This money goes to defense contractors, arms traders
and who knows where else, but it's an extremely bloated budget and the bottom line is that it is OUR money, the taxpayers, that is being spent so
Japan got into alot of trouble in the '90's because they bailed out all the corporations that were going bankrupt. If I was head of a corporation
and I knew that I could spend however much I wanted to, knowing that my corporation would be bailed out by the government, that's not much incentive
to run my company on a budget, is it?
Hugo Chavez is looking to reduce the unnecessary spending in the federal budget. He is also redistributing land that was way into bloated proportions,
something like 90% of Venezuela land was owned by 5% of the population (the wealthiest sector), but wasn't being used for anything, just sitting
there. He has redistributed the land, and now there is more land to grow food, raise livestock, etc. and the people who lost their land had a
reasonable program so that they didn't lose too much money. One of the stipulations was that if the land wasn't being used, it should be turned over
to the government, who in turn would give it to the peasants or it would be used for agriculture, etc.
Sounds to me like Hugo is a pretty savy businessman. I like that he doesn't go to extremes, he tries to create a win-win situation for everyone. Will
he have an impact on U.S. businesses? Well, I think he is about to, having dealt with the multinational corporations who were eating up Venezuela's
resources without much recompense for Venezuela; now he is about to ask for euros instead of dollars for oil. This should be interesting to watch.