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[–] lipids ago 

Its easy to make money without creating wealth. There is even a term for it: rent seeking. When a company makes a low value product but receives a subsidy to do so, it can destroy wealth. An example is low wage jobs where the worker gets their wages supplemented by welfare programs. Which wouldn't itself be bad if the programs didn't require work. Either make the aid nonconditional like your aforementioned NIT, or force these companies to pay a living wage.

Welfare programs are structured a bit differently here in the states so that may be the source of our misunderstanding.

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[–] analfaveto ago 

I was assuming a free, competitive market, but in any case, corporate welfare -- which I'm totally against -- doesn't destroy wealth. It only transfers it from the taxpayer to the shareholder. If we follow your reasoning, unemployment benefits -- or universal basic income, if you prefer to call it that way -- also destroy wealth.