posted on Jan, 14 2014 @ 02:54 PM
The article in question is very thin on details. It simply states that $6 billion has been given in unnamed "subsidies." Also, laughingly, it lists
the home mortgage deduction, which is the largest single deduction given to homeowners with mortgages, i.e.: real people buying their houses on time,
as a "corporate subsidy." One wonders who the hell came up with that one? Another laughable "subsidy" because some companies pay people the
minimum wage their employees qualify for public assistance,, such as food stamps. This counts as a "public subsidy" of the corporations.
And, of course, there is the widely held belief that corporations get big "breaks" on corporate taxes. Here's a news flash: Taxing corporations on
earnings is STUPID. Why? Because YOU PAY THE TAX. It is simply a HIDDEN TAX on the INDIVIDUAL because ONLY individuals pay taxes. All companies price
their products and services based on their cost to produce such products and services which INCLUDES the COST of taxes. In other words, every single
penny of corporate taxation is passed on to the consumer. Further, US corporations are among the most highly taxed companies in the world. Other
countries are bright enough to realize you can increase GNP and productivity by lowering taxes on corporations, but not America, which has a "screw
the corporations" mentality which amounts to cutting off your nose to spite your face.
And if a company DOES manage to make a profit (Eww! Dirty word!) what does it do with it? It either passes that profit on to shareholders, those
people who actually, you know, OWN the company, in the form of dividends, which are TAXED at ordinary rates, pays its employees, sometimes very high
salaries, FOR WHICH THEY ARE TAXED at the highest rates possible, or actually uses those "profits" to grow the company, thus increasing GNP again.
So go ahead. Keep doing it, and this country will spiral down even further, and you always blame everyone else but yourselves. In fact, you deserve
what you get, abject poverty because you were unable to see what steps were necessary to see a country grow and prosper.