Quote:
Originally Posted by BFT3K
This article is around 2 years old, but still very valid...
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$92 billion on corporate subsidies.
Fossil fuel industries alone get more than $70 billion in subsidies,
Sheltering Off-Shore Profits: Corporations are given $58 billion* a year in tax breaks
Carried interest: Hedge fund managers avoid at least $2.1 billion in taxes a year.
Bank Bailouts: Then there?s the $700 billion bank bailout ?
$9 Trillion in Low and No Interest Loans from the Fed: And now for the mother of all welfare programs, how about $9 trillion loaned at below market rates ? some of it as low as .5%.
The proof of this is in the numbers. Corporations are sitting on over $2 trillion in profits.
So the next time some conservative comes up to you praising the power of the free market and bemoaning the welfare state or our slide into socialism or some other mindless talking point, make a deal with them. Tell ?em we?ll agree to cut welfare by 90%, but we get to decide whose welfare gets cut.
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Here are the 1% we are talking about.
And yes Robbie, it is the governments fault. They get bribed by these giants and create policy to suit them. Dems and Republicans both do it. Republicans are worse in my opinion because they want to give 'more' to these companies.