August 2, 2015

THE PEACE DIVIDEND:

Conservative donor Charles Koch urges end to 'corporate cronyism,' 'welfare for the wealthy' (JULIE BYKOWICZ, 8/01/15, Associated Press)

Billionaire industrialist and conservative political donor Charles Koch welcomed a group of roughly 450 like-minded fundraisers to one of his twice-annual conferences Saturday by challenging them to advocate for ending "corporate cronyism" - even if those policies help their businesses.

Koch, who along with brother David has long pressed for a federal government that collects fewer taxes and issues fewer regulation, said cutting back special treatment for business is the first step to ending a "two-tiered society" and encouraging "principled entrepreneurship"

"Where I believe we need to start in reforming welfare is eliminating welfare for the wealthy," Koch said. "This means stopping the subsidies, mandates and preferences for business that enrich the haves at the expense of the have nots."

Subsidies are always bad policy.
Posted by at August 2, 2015 11:02 AM
  

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