It is the first weekend of the month and time again for a new word to live. This is a word or phrase not currently in use in the U.S. English lexicon, but might need to be considered. Other words, such as obsurd, crumpify, subsus, flib, congressed, and others, can be found by clicking on the tags below. This month’s New Words are related and are the merging of corporation and welfare to create corpfare, and the merging of corpse and welfare to create corpsefare.
Corporation, n. an association of individuals or groups, created not by nature or God, but by law or under authority of law, having an ongoing existence independent of those of its members, exercising powers and liabilities distinct from those of its members, and deemed by the U.S. Supreme Court to have many of the same rights as a human adult, but little of the responsibilities. Oftentimes words such as large, multinational or international accompany the word corporation.
Welfare, n. 1a) government assistance, financial or other, to an individual or family from a city, state, or national government.
Many dictionaries don’t recognize the word welfare as applying to corporations or other businesses, most of them quite large. So to fill the gap:
Corpfare, n. government assistance, financial or other, to a business, company, or corporation.
For example, in 2011, on the federal level, $57 billion was spent on individual or family welfare. Yet also in 2011, on the federal level, $94 billion was spent on “corpfare = corporate welfare.” When tax breaks, financial incentives, and things like TIF (Tax Increment Financing) and PILOT (Payment in Lieu of Taxes) on the state and local levels are thrown in, the balance by some estimates is a true 2 to 1 in favor of corporations, businesses, industries, etc. vs. individuals and families.
Corpse, n. Someone or something no longer useful or viable.
Corpsefare, n. 1) Corpfare to the point that the public coffers are sucked dry by the corporations. 2) the misguided belief that this is a good thing. v. the act of sucking dry the public coffers.
For example, Biglittle Corporation corpsefared the city and then left without completing any of the proposed projects. Or Biglittle Corporation completed all its projects, but in so doing corpsefared the city.