You have to remember - only the uber-rich are included in the analysis. Because they're the only ones who matter.

I was reading an analyst's report today and it made the usual dig about 'Europe's high welfare costs.'

I suppose it's because these are given to poor people. Which is a very bad thing, because it means the money isn't going to rich people, where it naturally belongs.

It's also completely different to Enron's corporate scamming, or Halliburton's naked corporate-welfare profiteering, or any of the other shams, crimes, swindles, cons, rip-offs and schemes that keep the corporate raiders happy on their unsustainably irrigated golf courses and private hunting and shooting parks.