Fortune 100 Companies Have Received a Whopping $1.2 Trillion in Corporate Welfare Recently

The problem is larger than this issue. Stop looking at ONE prong of the fork... look at WHO is holding the fork and WHAT they are trying to accomplish with it.

reply to post by ErgoTheMirror


One thing at a time...first..people have to be made aware of where the lions share of their tax dollars are going. Most haven`t the slightest clue.

Once that sinks and they can accept that...then we get on to the who...and eventually what we want to do about it.

Baby steps.

People need more money so they can go buy more stuff.

reply to post by neo96


ENOUGH ALREADY!!!!

If you would like to discuss the merits of minimum wage...there are literally hundreds of threads you can do that on.

THIS thread is about the 1.2 TRILLION given to banks and corps.

If you have anything constructive to add...by all means. If you don`t...SEE ABOVE.

I`ll kindly ask you to refrain from completely de-railing my thread.

reply to post by deadcalm

We take baby steps as the big boys take big boy steps.

Like puppies we go barking after the left hand... and the right hand comes around and pinches our bottoms. Then we go bouncing after the right hand and the left hand comes and pinches us.

Back and forth... amusement for all... let's keep chasing that ball!

Fetch!

reply to post by neo96


Well neo it isn't always about spending more money to buy more consumer goods people need money for food , shelter, clothing to be able to afford to by their child basic supplies for school for a basic education, retirement. How is a wallfart employee working on the floor going to make that quota they can't and will have to rely on old age welfare /pension provided by socialist governments paid by everyone .


Reply to OP
Top 1 % have hoards and hoards of personal wealth to last their family for generations and generations and the middle mid income earners and below are scraping just to get by . ya seems legit .

when the top ceo of general motors before 2008 was getting 350 million a year for his salary I would of quit after a month and retired but no these kind of people are greedy beyond belief and assume they must amass huge hoards of money for what ever reason is sick while people in every western country are have people struggling to put food on their tables for their families .This is so beyond out of control the western world is a capitalistic society all paid and funded by us the working man

yeah freedom my ass freedom isn't being a slave to a dollar to the bank to the government .

Like puppies we go barking after the left hand... and the right hand comes around and pinches our bottoms.

reply to post by ErgoTheMirror


In case you missed it....the purpose of this thread is to expose the "right hand" that is stealing from us.

I'm sorry you think this approach is childish. It seems to me only logical that people need to be made aware that a problem exists...before they can start looking for the culprits...and ultimately...the solutions required to fix that problem.

Bear in mind....we're on the same team here, with the same objectives (at least, I hope)

Thanks for contributing!!

but...the jerb creators...


How the US as a nation conducts business is disgusting. How many politicians are bought off by these fortune 100s specifically for this reason...might be easier to figure out who isn't.

1.2 trillion in corporate welfare boggles the mind. I can't even understand 1.2 million, or thousand...

So..how do we the people change this then? I wonder if corruption is too big to fail

People's attitude about taxes is hypocritical. On the one hand, when someone gets a "tax break," it is quickly pointed out that those taxes weren't the government's money in the first place. That was the people's money confiscated by the government then, sometimes, "returned" to them so they're happy to get a refund of taxes that represents money that was theirs in the first place. "Taxes" amount to government extortion in the first place and a "tax break" just means the government is relenting a little bit so you can make some more money for them to confiscate the next year, kind of like seed corn so THEY (not you) can confiscate a bigger crop next year. Sound familiar?

But when it comes to "corporations" people get angry when they are given "tax breaks" because that means corporations are not paying "their fair share." So WHY are corporations somehow in a different category? Isn't it the same issue? The government taxes corporations in the same way it taxes people. Indeed, if you look closely at the taxes the government takes from oil companies, as one example, you will see that the government makes more money off a gallon of gas than Exxon does.

In one recent quarter the government took $32 billion in taxes from Exxon Mobil which earned $11 billion in profits during the same period. So why you all criticize Exxon Mobil for daring to make a profit, the government takes THREE TIMES more than that in taxes, yet you still gripe when Exxon gets a "tax break."

So just WHO do you think pays "corporate taxes"?? Any guesses? Do you think the Big Bad corporations pay those taxes? Of course not.

YOU DO, chump!

Taxes are passed on as a part of the cost of the product. YOU pay them all. Every dime. Employees of these corporations pay taxes to the government at the same rates you do, from executives to janitors. Stockholders pay taxes to the government on every dollar of dividends they receive. They also pay taxes if they dare to sell their shares. The government is there at every level imaginable, taking taxes from the corporation, from the employees, form the stockholders, and ultimately, from YOU.

Yet you dislike what you call "corporate welfare." For a place like ATS that purports to "deny ignorance" the government surely has fed you a story that you have swallowed hook, line, and sinker. Why do we need disinfo agents when you already believe so wholeheartedly?

So..how do we the people change this then? I wonder if corruption is too big to fail

reply to post by SaturnFX


Thanks to the collective brilliance of the men that gave you your republic in the first place....they were wise enough to forsee this eventuality and left you clear instructions as to what you should do....

That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

It's time the American people live up to the vision of the men that created your nation. The future of your country depends on it.

reply to post by deadcalm

ENOUGH ALREADY!!!!

Enough with what ?

Stating the fact that people want more money so they can spend MORE MONEY ?

HIS thread is about the 1.2 TRILLION given to banks and corps.

Yeah and ?

People get more than that.

If you have anything constructive to add...

Sorry I guess you only want to preach to the choir here.

Everyone should just jump on the evil banker bandwagon.

I`ll kindly ask you to refrain from completely de-railing my thread.

Shouldn't have made the 'living wage' remark then, because that opened thread up to comments about it.

One prime example of this is the current debate over raising minimum wage to $15 per hour....a living wage. I have seen members hotly defend corporations and businesses and their right to pay people far less than a living wage.

You know that comment.

reply to post by deadcalm


Theoretically that happens every 2-4 years
But lets say even if we dismantled the government completely and rebuilt it, it would be the same exact thing, the same structure, the same corruption, and probably the same people.
The thing is, its allowed to go on, because enough people think its a good thing.

not to point out the obvious, but there are some in this very thread that come in and defend such actions. that accounts for up to 30% of the population that would reinstitute this and more.
Another 30% whom simply don't care so long as they get to watch their favorite TV show and have a beer at the pub.

So, ultimately, the minority on this issue are the ones whom see a problem. the rest either thumbs up or thumbs in ears this.

What to do...what to do..
there is nothing to do

maybe I should get more into American Idol...

reply to post by freedomSlave

Well neo it isn't always about spending more money t

Well when a person has more money they sure the hell are not going to put it in a checking,savings, or money market that pays a .01% rate of return for a year.

They are going to spend it.

They are going to take out more loans at an evil bank.

reply to post by neo96


Thanks for behing off topic as usual, and attacking people with no facts, wont be long before its obamas fault. Keep up the divide.

Plz re read the topic

In one recent quarter the government took $32 billion in taxes from Exxon Mobil which earned $11 billion in profits during the same period. So why you all criticize Exxon Mobil for daring to make a profit, the government takes THREE TIMES more than that in taxes, yet you still gripe when Exxon gets a "tax break."

reply to post by schuyler


You need to read the following and rethink that statement.

16 Giant Corporations That Have Basically Stopped Paying Taxes -- While Also Cutting Jobs!

HERE

Thirty companies paid no U.S. income tax 2008-2010: report

HERE

Many big U.S. corporations pay very little in taxes: study

HERE

Large companies find ways to a zero tax rate

HERE

If you take a look at these articles...you will quicly find that many of these companies have bben recieving...in addition to tax breaks...some of the 1.2 TRILLION in susidies that we are discussing here.

Still wanna defend these mega cops??

reply to post by schuyler


Can you provide real numbers plz, its easy to say they payed 32 billion, but i dont see any proof, just a semi angry rant, sorry

Plz re read the topic

reply to post by dukeofjive696969


Please ignore him...I don't want him derailing this thread...the topic is too important.

But thanks for the support.

dukeofjive696969
reply to post by neo96

 

Thanks for behing off topic as usual, and attacking people with no facts, wont be long before its obamas fault. Keep up the divide.

Plz re read the topic

Was on topic.

Comments are the topic there.

Attack who ?

For the record

One prime example of this is the current debate over raising minimum wage to $15 per hour....a living wage. I have seen members hotly defend corporations and businesses and their right to pay people far less than a living wage.

My comments regarding this WAS ON TOPIC.

Although I do agree someone is getting attacked here.

reply to post by deadcalm


Yeah someone does need to 'rethink' their statements.

ExxonMobil in 2011 made $27.3 billion in cash payments for income taxes. Chevron paid $17 billion and ConocoPhillips $10.6 billion. And not only were these the highest amounts in absolute terms, when compared with the rest of the 25 most profitable U.S. companies (see our slideshow for the full rundown of who paid what), the trio also had the highest effective tax rates. Exxon’s tax rate was 42.9%, Chevron’s was 48.3% and Conoco’s was 41.5%. That’s even higher than the 35% U.S. federal statutory rate, which is already the highest tax rate among developed nations.

www.forbes.com...

And Schuyler is not one of them.

Although I do agree someone is getting attacked here.

reply to post by neo96


Sorry you feel that way. I also mentioned a great deal of other things that you can't/ won't comment on in my post. You have taken that one paragraph out of context of the thread and now you are obsessing on it like a dog with a bone.

Exxon Mobile is NOT in the Fortune Top 100....therefore they aren't in the club when it comes to the 1.2 Trillion.

But it is also important to note that in spite of the tax rate they paid...they still made a profit of over 41 BILLION. Not a bad year I'd say.

If I were Exxon, I'd be wondering why the Top 100 companies get all the tax breaks in the world...PLUS unlimited access to the tax dollars of the American people.

Theoretically that happens every 2-4 years
But lets say even if we dismantled the government completely and rebuilt it, it would be the same exact thing, the same structure, the same corruption, and probably the same people.

reply to post by SaturnFX


Theoretically indeed. In reality, what you get is a new face selling the same old bill of goods.

I do not necessarily think it needs to be dismantled entirely...the system is a good one...the best man has come up with so far. What needs to happen is a return to the rule of law and the Constitution for starters.

What to do...what to do..
there is nothing to do

You have nothing at all to loose by trying...but you will surely lose everything eventually if you do nothing....including cable.