Corporate Welfare Queens
Written by Brian Garst, Posted in Waste & Government Reform
Human Events Online offers the Top 10 Corporate Welfare Queens.
10. United States Postal Service (USPS)
The USPS is a monopoly more interested in job protection than efficiency or innovation. Labor costs consume 80% of USPS revenue, while UPS and FedEx spend only 56% and 42% of their revenue on labor, respectively. Reform would allow competition for mailbox and first-class mail service.
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8. National Education Association (NEA)
The ultimate monopoly is America?s K-12 government schools, and the NEA is the gatekeeper that opposes almost any reform. Sheltered from competition, public schools continue to decline despite dramatic increases in per-student spending. States should give all students a voucher that allows them to attend the school of their choice.
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4. Asbestos lawyers
While trial lawyers of all stripes abuse the legal and political system for personal gain, the asbestos litigation attorneys are a special breed. Runaway asbestos lawsuits have already bankrupted more than 70 American manufacturers, destroying 60,000 jobs and costing billions. Yet most of the litigants aren?t sick. Congress should pass medical criteria legislation to stop asbestos pillaging.
Hat tip: Club for Growth Blog
I serve as Vice President of the Center for Freedom and Prosperity, a non-profit think tank dedicated to preserving tax competition and free markets. This site features my personal views, which are not reflective of CF&P.