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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.
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