Reply to post: Ideological pundits ranting about "corporate welfare"

Attention dunderheads: Taxpayers are NOT giving businesses £93bn

Anonymous Coward
Anonymous Coward

Ideological pundits ranting about "corporate welfare"

"I've no doubt there's similar nonsenses being perpetrated by people I sometimes agree with as well..."

Indeed. For example one T. Worstall, a month and a half ago:

http://www.theregister.co.uk/2015/06/03/worstall_on_wednesday_elon_musk_spacex/

"This week, the LA Times has done us all something of a favour by totting up how much Musk and his companies have got from the various tax pots lying around the political terrain — and it's billions!"

Holy crap! Taxpayers are literally paying billions of dollars to Elon Musk!

If you're paying attention and know what to look for, 8 paragraphs later you find him walking it back:

"Yes, this does include the rebates that people get on buying an EV, the grants to install solar panels and all, and that's not money that flows directly to the companies. But..."

But then in the second last paragraph he goes back to screaming:

"...then selling that idea and those companies back to the bureaucracies that write the cheques."

Holy crap again! A bureaucrat is literally writing a cheque for billions of dollars and just handing it to Elon Musk!

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