#6. END CORPORATE WELFARECorporations aren’t people, despite…

#6. END CORPORATE WELFARE

Corporations aren’t people, despite what the Supreme Court says,
and they don’t need or deserve handouts. 

When corporations get special handouts from the government –
subsidies and tax breaks – it costs you. It means you have to pay more in taxes
to make up for these hidden expenses. And government has less money for good
schools and roads, Medicare and national defense, and everything else you need.

You might call these special corporate handouts “corporate
welfare,” but at least welfare goes to real people in need. In the big picture,
corporate handouts are costing tens of billions of dollars a year. Some
estimates put it over $100 billion – which means it’s costing you money that
would otherwise go to better schools or roads, or lower taxes.

Conservatives have made a game of obscuring where federal
spending actually goes. In reality, only about 12 percent of federal spending
goes to individuals and families, most in dire need. An increasing portion goes
to corporate welfare.

Other examples: The oil, gas, and coal industries get billions
in their own special tax breaks. Big Agribusiness gets farm subsides. Big
Pharma gets their own subsidy in the form of a ban on government using its
bargaining power under Medicare to negotiate lower drug prices. And hedge-fund
and private-equity managers get a special tax loophole that treats their income
as capital gains, at a lower tax rate than ordinary income.

The real issue isn’t the government’s size. It’s whom government
is for. Much of government is no longer working for the vast majority it’s
intended to serve. If government were responding to the public’s interest
instead of the moneyed interests, it would be providing more support for
communities, families, and individuals who need it the most.

There’s no reason any corporations should be on the dole, orbr

Originally appeared at: http://robertreich.org/post/119938747675

#6. END CORPORATE WELFARECorporations aren’t people, despite… is a story from: BitcoinWarrior.net

Source

TheBitcoinNews.com – leading Bitcoin News source since 2012