Corporate Welfare Queens...
 

....subsidizing the 1%:

http://tinyurl.com/k42wklp


Excerpt:

It is possible
for the first time to estimate the share
of total state and local economic
development awards going to big
business. The data show a very high
degree of concentration: we estimate
that at least 75 percent of cumulative
disclosed subsidy dollars have gone
to just 965 large corporations, even
though these companies account for
only about 10 percent of the number
of announced awards.

We can also for the first time identify
which companies have received the
most cumulative awards, both in
dollar terms and number of awards.
In dollar terms, the biggest recipient
by far is Boeing, with a total of more
than $13 billion, reflecting the giant
deals it has gotten in Washington and
South Carolina as well as more than
130 smaller deals around the country.

The others at the top of the cumulative
subsidy dollar list a Alcoa ($5.6
billion), Intel ($3.9 billion), General
Motors ($3.5 billion) and Ford Motor
($2.5 billion). A total of 17 companies
have received cumulative subsidy
awards worth more than $1 billion; 182
have received awards of $100 million
or more. (See table below for a list of
the top 100.)

These awards have gone not only to
the corporate parents but also to their
divisions and subsidiaries. For example,
subsidy awards worth more than $1
billion have been given to Warren
Buffett’s Berkshire Hathaway by way
of its holdings such as Geico, NetJets,
Nebraska Furniture Mart, General
Re Corporation, Lubrizol Advanced
Materials, and Webb Wheel Products.

Corporate Welfare Queens...
 

On 3/17/2014 10:39 AM, F*O*A*D wrote:
...subsidizing the 1%:

http://tinyurl.com/k42wklp

Is your point that the producers of goods and services that we all
have the subsidized advantage off, the producers of jobs and income for
100's of thousands of people, are geting some of their tax money back,
and the non producers, the takers of all taxpayers hardwork, are not
getting enough? WTF!
Mikek

Corporate Welfare Queens...
 

On 3/17/14, 12:15 PM, amdx wrote:
On 3/17/2014 10:39 AM, F*O*A*D wrote:
...subsidizing the 1%:

http://tinyurl.com/k42wklp

Is your point that the producers of goods and services that we all
have the subsidized advantage off, the producers of jobs and income for
100's of thousands of people, are geting some of their tax money back,
and the non producers, the takers of all taxpayers hardwork, are not
getting enough? WTF!
Mikek




No, it isn't, but keep trying.

Corporate Welfare Queens...
 

On 3/17/2014 11:39 AM, F*O*A*D wrote:
...subsidizing the 1%:

http://tinyurl.com/k42wklp


Excerpt:

It is possible
for the first time to estimate the share
of total state and local economic
development awards going to big
business. The data show a very high
degree of concentration: we estimate
that at least 75 percent of cumulative
disclosed subsidy dollars have gone
to just 965 large corporations, even
though these companies account for
only about 10 percent of the number
of announced awards.

We can also for the first time identify
which companies have received the
most cumulative awards, both in
dollar terms and number of awards.
In dollar terms, the biggest recipient
by far is Boeing, with a total of more
than $13 billion, reflecting the giant
deals it has gotten in Washington and
South Carolina as well as more than
130 smaller deals around the country.

The others at the top of the cumulative
subsidy dollar list a Alcoa ($5.6
billion), Intel ($3.9 billion), General
Motors ($3.5 billion) and Ford Motor
($2.5 billion). A total of 17 companies
have received cumulative subsidy
awards worth more than $1 billion; 182
have received awards of $100 million
or more. (See table below for a list of
the top 100.)

These awards have gone not only to
the corporate parents but also to their
divisions and subsidiaries. For example,
subsidy awards worth more than $1
billion have been given to Warren
Buffett’s Berkshire Hathaway by way
of its holdings such as Geico, NetJets,
Nebraska Furniture Mart, General
Re Corporation, Lubrizol Advanced
Materials, and Webb Wheel Products.


Sounds like their CEO's and management teams are doing their jobs.

Corporate Welfare Queens...
 

On 3/17/14, 12:45 PM, Mr. Luddite wrote:
On 3/17/2014 11:39 AM, F*O*A*D wrote:
...subsidizing the 1%:

http://tinyurl.com/k42wklp


Excerpt:

It is possible
for the first time to estimate the share
of total state and local economic
development awards going to big
business. The data show a very high
degree of concentration: we estimate
that at least 75 percent of cumulative
disclosed subsidy dollars have gone
to just 965 large corporations, even
though these companies account for
only about 10 percent of the number
of announced awards.

We can also for the first time identify
which companies have received the
most cumulative awards, both in
dollar terms and number of awards.
In dollar terms, the biggest recipient
by far is Boeing, with a total of more
than $13 billion, reflecting the giant
deals it has gotten in Washington and
South Carolina as well as more than
130 smaller deals around the country.

The others at the top of the cumulative
subsidy dollar list a Alcoa ($5.6
billion), Intel ($3.9 billion), General
Motors ($3.5 billion) and Ford Motor
($2.5 billion). A total of 17 companies
have received cumulative subsidy
awards worth more than $1 billion; 182
have received awards of $100 million
or more. (See table below for a list of
the top 100.)

These awards have gone not only to
the corporate parents but also to their
divisions and subsidiaries. For example,
subsidy awards worth more than $1
billion have been given to Warren
Buffett’s Berkshire Hathaway by way
of its holdings such as Geico, NetJets,
Nebraska Furniture Mart, General
Re Corporation, Lubrizol Advanced
Materials, and Webb Wheel Products.


Sounds like their CEO's and management teams are doing their jobs.




Bribery does pay well, doesn't it?

Corporate Welfare Queens...
 

On 3/17/14, 2:34 PM, amdx wrote:

When hardworking taxpayer money goes to corporations it comes back
in the way of cheaper prices for goods and services we all use.


Really?

Corporate Welfare Queens...
 

On Mon, 17 Mar 2014 11:15:56 -0500, amdx wrote:

On 3/17/2014 10:39 AM, F*O*A*D wrote:
...subsidizing the 1%:

http://tinyurl.com/k42wklp

Is your point that the producers of goods and services that we all
have the subsidized advantage off, the producers of jobs and income for
100's of thousands of people, are geting some of their tax money back,
and the non producers, the takers of all taxpayers hardwork, are not
getting enough? WTF!
Mikek



Rarely does Harry get it right, but ....... no. A few businesses are
receiving subsidies (welfare) because they have the appropriate
connections. Is there accountability? No. Do they produce jobs? Yes,
but marginally. Check the cost-to-taxpayer to job ratio and see if you
think a corporation could stay in business at such a cost to profit
ratio. There are many new initiatives that are merely taxpayer
rip-offs couched in corporate and grant mumble-speak that promise much
and deliver little per dollar spent.