Charles Koch Blasts Corporate Welfare
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It’s amazing how Charles and David Koch have become the boogeymen of progressives. Democratic politicians, in their class warfare messaging, often reference the multi-billionaire brothers, who frequently contribute to free market causes and Republican candidates.
In reality, the Koch brothers, both of whom are libertarians, hold views that are overlap with progressive thought. They’re skeptical of the United States’ foreign policy, support same-sex marriage, and are critical of corporate welfare.
Writing in Time on Wednesday, Charles Koch repeated his criticism of corporate welfare. “According to a New York Times poll released earlier this year, most Americans believe only the wealthy and well-connected can get ahead these days, leaving everyone else to fall farther behind,” Koch wrote. “I find this very disturbing – because they are right.”
The difference between Koch and progressives is that he doesn’t see government regulation and mandates as the answer to this problem; he sees the government as the problem.
“I have devoted most of my life to this cause. For more than 50 years, I have sought to understand the principles that make free societies the most successful at enabling widespread well-being for everyone – especially the least advantaged. These principles include dignity, respect, tolerance, equality before the law, free speech and free markets, and individual rights,” Koch explained. “If we want to create greater well-being and opportunity for all Americans, we must re-establish these principles. The benefits will be incalculable, flowing to people at every level of society – not just the politically connected.”
“To achieve this vision,” he continued, “we must undo decades of misguided policies that tend to fall into two broad categories: barriers to opportunity for the many and special treatment for the few.”
Koch said, “[T]he role of business is to provide products and services that make people’s lives better.” But, he notes, businesses often bring “harm” on people by taking handouts from the government. What Koch said may shock some.
“The tax code alone contains $1.5 trillion in exemptions and special-interest carve-outs. The federal government also uses direct subsidies, grants, loans, mandates, bailouts, loan guarantees, no-bid contracts and more to help the lucky few with the most lobbyists,” he wrote. “Overall, according to George Mason University’s Mercatus Center, corporate welfare in Washington, D.C. costs more than $11,000 per person in lost gross domestic product every year—$3.6 trillion lost to special favors for special interests.” He added that this doesn’t include regulations promulgated to benefit certain special interests.
Whether progressives like it or not, the Koch brothers are much more than they’ve been made out to be. Of course, as noted, they don’t believe government is the answer and, let’s be honest, it’s not. The problem is, far too few in Washington, including many self-identified progressives, aren’t interested in taking on special interests, largely because they’ve been bought and paid for by them.