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

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posted on Mar, 22 2014 @ 10:18 AM
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The federal reserve is the biggest problem of them all. They are handing out 85 billion in corporate welfare a month.
reply to post by amfirst1
 


I couldn't agree more....the Federal Reserve has to go. Thanks for pointing out the never ending QE...it could also be mentioned that atificially low interest rates are punishing savers....anyone retired is making no interest off their money and so they just keep draining their bank accounts trying to maintain their lifestyle....if they can that is.

Thx for contributing!




posted on Mar, 22 2014 @ 10:37 AM
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and Bravo! to you! Thank you
reply to post by missvicky
 


You're Welcome!

It's far too important a topic not to post...it's literally the death of a thousand cuts....the top 1% are bleeding off the wealth of an entire nation. In fact...this model for theft on a monumental scale is being exported all over the world via the IMF/ World Bank.

Ukraine is only the latest example of the EU and it's banking masters attempting to trap the Ukranian people into perpetual debt slavery via loans....loans that will enable them to siphon off the wealth of the Ukranian people....rinse and repeat over and over again.

It must be stopped...before the instability it is causing turns into a humanitarian nightmare of global proportions.

Thank You for taking the time!!

edit on 22America/Chicagoam222014-03-22T10:40:41-05:00amSaturday03 by deadcalm because: (no reason given)



posted on Mar, 22 2014 @ 11:02 AM
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I laugh when I see people defend such greedy immoral corruption and yea BANKS ARE EVIL, they will take everything they can from you it seems to be their nature. I cant think of one good thing banks have done to progress our species at all and I am starting to hear more people talk the same way.

The whole system is pretty tilted in favor for these parasites when not one went to jail during 08 and conned their way to a trillion plus bail out. The founding fathers of the USA knew how dangerous banks can be.

Can someone tell me why banks are a good thing and what they do to make life better for the people of earth I am all ears?



posted on Mar, 22 2014 @ 11:35 AM
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Slickinfinity
Can someone tell me why banks are a good thing and what they do to make life better for the people of earth I am all ears?


Per se banking is not an incredible useless field. One of the main purposes of banks is providing loans. Whether an individual or corporate loans, both are necessary, if paid back.

Without house loans most people would never be able to save up enough to buy house, many even a car. Considering the net wages for poorer people, as well as the inflation, even if they saved up, the money loses lots of its value in time. 10k saved in the 1970s has lost lots of its value by now. Paying back small amounts every month is much easier. Even if the interest is let us say 10%, for a long-term loan, the money gotten now is very likely to have lost significantly more value than 10% by the time the loan would be paid back. If house loans would not exist it would also lead to incredible wealth transfer towards the upper echelon. People who have lots of money now are able to buy lots of apartments/houses and just rent them out. The amount of houses being rented would be significantly higher. I personally prefer a bank loan to a rent, as you end up paying significantly more for the rent in long-term while if you got a loan at the end you would own the house. Additional responsibilities, knowing that you have to pay something every month also make it easier to pay than it would be saving up something every month. Especially when the financial situation is not the best, it comes handy.

If the corporate loans did not exist it would significantly lower the progress/growth of different industries as well as it could create lots of more monopolies. Small business might have to run for decades in order to earn enough to buy certain machine/equipment needed for production. Often it is much smarter for the company to take a loan and buy the machine back as the additional income provided by the machine is worth significantly more than the machine itself. Also loans make expansions much easier. The investing done by banks also significantly boosts businesses.

Although the problems in the banking sector rather lie in the corruption and profit hunger. For additional personal gain for the high-level staff, anything is done, even if it might be extremely risky. For example, giving out bad loans, which is one of the factors which led to 08 collapse. Greed is dictating the sector, that is where the problem lies, not banking itself.



posted on Mar, 22 2014 @ 11:44 AM
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reply to post by deadcalm
 


If additional factors are counted in, the corporate welfare could be significantly higher - paying the employees a bare minimum instead of living wage, so they would qualify for the social welfare should also be considered in the equation. I can not even imagine what are the amounts paid out to the employees of the same companies receiving the welfare. Also different schemes of keeping the taxes on lower-level employees as possible exist, which again leads to lower taxes paid out. That could also be considered corporate welfare, as without the social welfare, there would be next to no choice than to pay the employees more, as otherwise sooner or later the employees would start demanding higher salary (additional costs for the company).

Tax-breaks/different other types of welfare received from the government + manipulating the salaries of the lower-level employees in order to minimise paid amount of taxes and qualify for government welfare.



posted on Mar, 22 2014 @ 12:05 PM
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reply to post by Cabin
 


What would happen to prices if banks went the way of the dodo bird?
What would happen to the costs of cars, college loans , medical expenses and so on if people had to live on what they have rather than credit?

Prices would have to come down and how would banksters and shareholders get their cut of other peoples money?



posted on Mar, 22 2014 @ 12:31 PM
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jacobe001
reply to post by Cabin
 


What would happen to prices if banks went the way of the dodo bird?
What would happen to the costs of cars, college loans , medical expenses and so on if people had to live on what they have rather than credit?

Prices would have to come down and how would banksters and shareholders get their cut of other peoples money?


...

College loans might possibly go down a lot, although so would research in different colleges. Equipment needed to do research costs a lot. High-accuracy equipment, especially the ones necessary to run tests of very small-scale items, are incredibly expensive.

Most consumer items prices are very unlikely to go down, as most of the profits come from revenue. There is not much room to let the prices down. Let us say cars, which are very costly to make. The consumption would go down incredibly, which would lead to a lot of cutting down on employees. The raw materials, machinery, manpower needed to build one is very costly.

Medical expenses - hard to tell. I would rather say the costs are so incredible due to the insurance companies being the middlemen rather than the banks. Other countries are able to provide the same-level healthcare, while the costs are significantly lower, even in countries, where the cost of living is higher than in US.

Eventually, I believe losing the banks from the system would eventually collapse it. The consumption would go down a lot, which would lead to very strong inflation rather than deflation, as profiteering from the revenue is no longer possible. When revenue does not earn, prices will. Most of the companies are already keeping their prices at bare minimum. Walmart earns less than 3% per every dollar of items sold, while the salaries of employees are already kept quite low. Many industries would need to do severe cuts on their employees, as so much production is not necessary any more. All this would lead to very high unemployment rates as well as higher prices in most sectors. At the same time, strong trickle-up effect would begin, as the ones who already have signicant amounts of cash available have severe advantages over the competing companies/individuals who do not have such an amount. In the end I highly doubt the system is able to self-regulate itself. Things would be much worse.

Banking sectors needs to be very strongly regulated, if not even nationalised, in order to eliminate the greed factor. More non-profit banks need to rise up.
edit on 22-3-2014 by Cabin because: (no reason given)



posted on Mar, 22 2014 @ 01:22 PM
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reply to post by Cabin
 


I envision a much better society without money grabbing bankers I guess its hard for some to see how people could actually work together to not allow exploitation. I am not American but I really love the ideas the forefathers started and a government for the people by the people would never allow the rich to exploit the poor no matter how little money they had.
Our system only favors those with money and banks are the spearhead of that ideology.

If ex bankers and crony capitalists make political policies then yea the rich will take all the real estate but if an actual government for the people made decisions based on what's best for everyone then we will progress a lot faster with less casualties.

I call this last 50 years a "technological dark ages" because I believe greedy bankers, politicians and zealots have held our progression back a great deal. Had the bankers not gained as much control over the world as they have I think we would have colonies on mars by now and world hunger solved.



posted on Mar, 22 2014 @ 01:29 PM
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Excellent posts, depressing facts, and a great demonstration of just HOW corrupt the government has become, how industry and the wealthy control government and plunder the treasury.



posted on Mar, 22 2014 @ 01:45 PM
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Excellent posts, depressing facts, and a great demonstration of just HOW corrupt the government has become, how industry and the wealthy control government and plunder the treasury.
reply to post by Salander
 


What staggers me really...is that this is just what we know about. Given the rampant secrecy in the US Gov...I guarantee this is just the tip of the iceburg...and you know what they say about iceburgs....the majority of it you can't see.

I'm hoping it gets people motivated to do something....getting depressed and apathetic is what got us into this mess in the first place.

Time to rise up.



posted on Mar, 22 2014 @ 03:52 PM
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reply to post by BDBinc
 


You said it the best. Peace is free, and that's a problem if you are among the good old powers that be.



posted on Mar, 22 2014 @ 05:19 PM
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reply to post by deadcalm
 


What a spectacle eh



posted on Mar, 22 2014 @ 06:56 PM
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First understand that the U.S. has always been a mixed economy. It has never been pure socialist or pure capitalist. We are a hybrid of both. Public money is used for infrastructure, schools, defense, social security, etc. while private corporations are the engine of the economy. The largest anti-capitalist component of our system is the central bank that controls the money supply and interest rates. In a true capitalist system, the corporations (banks) would have total control over the money supply and there would be no such thing as a U.S. bond, the Federal Reserve, or even a U.S. deficit since the country and its government would be fully funded by private corporations. In a true capitalist system, the government itself would in effect be a corporation. Obviously, there is no country on earth that runs this way. Every country, even China, is a hybrid of both. China and most of Europe are more socialist and Singapore is more capitalist. The U.S. is in the middle of the socialist-capitalist spectrum.

That being said, U.S. corporations have been the biggest benefactors of the U.S. welfare state for well over a century. Many of our largest corporations are playing a shell game with their revenue and profits to avoid paying their fair share of U.S. taxes. This includes Cisco, GE, Bank of America, Verizon, Citibank... and the list goes on: www.politicususa.com...

The point? Every penny that a tax-cheating corporation doesn't pay in taxes is a penny that is either payed by (1) you the taxpayer or (2) is a penny that is added to our national debt. They are cheating the system and getting away with it at our expense. They build their companies on U.S. soil and have benefited from U.S. taxpayers by using our infrastructure... enjoying paved roads that lead to their skyscrapers, clean water, and a public education system that creates employees for their workforce. Again, all payed for courtesy of the U.S. taxpayer. But then when it's time for them to step up and pay their fair share, they run away to an offshore tax shelter like the cowards that they are. They benefit from our public resources and then pay nothing back to say "thank you" for the environment built by the U.S. taxpayer that allowed their private enterprise to thrive in the first place. Actually, it's more than a thank you... it's their legal obligation... that they have been so actively avoiding thanks to their well paid lawyers and their perversions of the U.S. tax code.

So I agree with the premise of the OP. If we complain about using tax dollars to buy food-stamps, then we should also be much more vocal about the Billions of tax dollars that are not paid by U.S. corporations. By not paying their taxes, these corporations are basically receiving a huge tax refund... a refund that is exponentially larger than the food-stamp subsidy. A refund that is paid for by you and I, the U.S. taxpayer. And for most of us, it's taken automatically out of our paycheck... and goes to the IRS for processing and then straight into the pockets of companies like GE and Citibank.

These corporations are shameful and if I had my way, their business licenses would be revoked, bank accounts frozen, and their stocks halted until:
1. They pay back the billions of back-taxes owed.
2. Eradicate their tax-avoiding, overseas shelters.
3. Move their money back into the U.S.
4. Agree to start paying their fair share of taxes again.
5. Issue a public apology to the U.S. on prime-time television.

And if they don't agree to the above terms? That's just fine. They can move out of the U.S. and to their tax haven. I'd love to see how well Cisco would do by moving their entire operation to the Cayman Islands or to Switzerland. Good luck finding your workforce and the public infrastructure that you rely on in the Cayman Islands. And good luck being profitable in Switzerland... where the average technical salary is twice the average salary in the U.S.. In fact, good luck finding any place outside of the U.S. where the public resources are as beneficial to private enterprises as they are here in the U.S... all thanks to the U.S. taxpayer. And good luck stealing Billions of dollars from other governments... where the legal systems aren't as lawyer-friendly as in the U.S.. Yes, good luck with all of that.
edit on 22-3-2014 by JACKb007 because: (no reason given)



posted on Mar, 22 2014 @ 08:09 PM
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reply to post by neo96
 


So...by your reasoning, we, the consumer, have to buy our necessities from independent companies/producers?

I do have to say that it is highly ironic you say that as your clothes, furniture, household appliances, and even the computer/phone you are writing on all come from corporations.




posted on Mar, 22 2014 @ 10:01 PM
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reply to post by deadcalm
 


You are awesome. Thanks for cutting through the BS from (mostly) conservative wack jobs who blame the poor while they fleece the country for their billionaire masters.



posted on Mar, 22 2014 @ 10:11 PM
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reply to post by JACKb007
 


I saw in your first statement that you list capitalism as form of government. I have seen this countless times from countless sources and is a FAULTY COMPARISON! Many fall into this trap. Capitalism is not a form of government. It's not even a form of free market. Capitalism is making money off of capital (investments). Capitalism seeks to control the free market by any means possible. Capitalism seeks to ultimately control world governments so it is unhindered in seeking even greater returns.



posted on Mar, 22 2014 @ 10:38 PM
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reply to post by fripw
 


You are right, capitalism and socialism are economic systems, not forms of government. It is the government (ideally with the support of its people) that selects the economic system to pursue. I didn't make that distinction (between forms of governments and economic/social systems) clear in my first paragraph in my previous post.
edit on 22-3-2014 by JACKb007 because: (no reason given)



posted on Mar, 22 2014 @ 10:39 PM
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Chamberf=6
reply to post by deadcalm
 





So the next time you're tempted to blame the poor....perhaps you could consider the information posted above....and place the blame squarely where it belongs.....on your corporate and bank owned GOVERNMENT.

True.

Too bad those living in or just above poverty don't have extremely wealthy lobbyists working for them to influence Govt decisions like the companies.
edit on 3/21/2014 by Chamberf=6 because: (no reason given)


If things keep going the way they are, they won't need lobbyists... it might be the French Revolution all over again.

To be honest, as much as people point out the American Revolution regarding things we are dealing with right now but I'd imagine it's more similar to the French Revolution - given the economic disparity in the USA. This only adds fuel to the fire.

Maybe in reality it's a bit of both really. Still, this is utterly ridiculous.
edit on 22-3-2014 by WCmutant because: (no reason given)



posted on Mar, 23 2014 @ 01:56 AM
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deadcalm
Exxon Mobile is NOT in the Fortune Top 100

I'm confused. Exxon Mobil is #2. It was #1. Wal-Mart beat them out.

We're not getting our country nor our money back. Their army is too big and efficient. We can only drop out, go off grid, and start our own economy.
edit on 23-3-2014 by gentledissident because: added dash



posted on Mar, 23 2014 @ 04:49 AM
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WCmutant

Chamberf=6
reply to post by deadcalm
 





So the next time you're tempted to blame the poor....perhaps you could consider the information posted above....and place the blame squarely where it belongs.....on your corporate and bank owned GOVERNMENT.

True.

Too bad those living in or just above poverty don't have extremely wealthy lobbyists working for them to influence Govt decisions like the companies.
edit on 3/21/2014 by Chamberf=6 because: (no reason given)


If things keep going the way they are, they won't need lobbyists... it might be the French Revolution all over again.

To be honest, as much as people point out the American Revolution regarding things we are dealing with right now but I'd imagine it's more similar to the French Revolution - given the economic disparity in the USA. This only adds fuel to the fire.

Maybe in reality it's a bit of both really. Still, this is utterly ridiculous.
edit on 22-3-2014 by WCmutant because: (no reason given)


Honestly, I think that when it happens it's going to make the French Revolution look tame. In methods and scope.



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