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originally posted by: Edumakated
originally posted by: toysforadults
Yeah that's right. The government literally steals money from you via force and intimidation and literally GIVES it to some of the worlds largest corporations in the form of subsidies and tax breaks.
Good thing your taxes go up every year right? I know these guys in congress really deserve those 245k a year pensions they are promised that's for sure.
Two thirds of the $68 billion in federal tax credits and grants that were awarded between 2000 and 2015 went to 600 companies. There are companies that make decisions based on how much money they can get from the government to do so, and there are probably also companies out there that only exist because of the handouts they are getting from the government.
Meh it's only 68 billion. I am sure most of these companies are truly hurting for revenue. I know they don't have enough money by looking at the stock market. Apparently as I understand it all of the current DOW growth has a lot to do with stock buy backs.
A stock buyback, also known as a "share repurchase", is a company's buying back its shares from the marketplace. You can think of a buyback as a company investing in itself, or using its cash to buy its own shares. Read more: A Breakdown Of Stock Buybacks www.investopedia.com... Follow us: Investopedia on Facebook
Great. So all of these companies are using their massive liquid reserve that they have built up from paying the majority of the people working for them # wages essentially destroying local economies world wide.
www.guard.com..." target="_blank" class="postlink" rel="nofollow">Wolf is an idiot crony capitalist corrupt dbag
Guard was issued a $1,000,000 grant and 855,000 in job creation tax credits
Yup that's right. Berkshire Hathaway get's a multi million dollar deal from the state of Pennsylvania's already burdened tax payers as a bribe to keep their offices in this state. What a fricken joke.
All these giant corporations are so corrupt and everyone is so busy arguing over weather or not Trump drinks diet coke or pepsi.
The federal government should not be subsidizing or using the tax code for any business or industry, small or large, no matter how noble it may sound.