JimBowie1958
Old Fogey
- Sep 25, 2011
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Some of it is exaggerated, but alot of it is counting the same money over and over. There is a whole lot of intersection between 'Corporate Tax Subsidies' and 'Corporate Tax Havens'. And How much we could save on lower Pharmaceutical costs is no better than an educated guess, and could cause prices to go up elsewhere, which is the baseline they use here.
But all in all, yes, we are paying more in taxes to allow corporate greed to run rampant over the people of this nation and to subsidize the corporations for for paying themselves about 350 times the average pay of their own workers (it's only about 30 times average pay in every other developed nation), to use illegal black market labor and to off shore our jobs, while underemployment is in double digits and wages stagnate for the rest of us.
The data for the cost of corporate subsidies comes from here:
Add It Up: The Average American Family Pays $6,000 a Year in Subsidies to Big Business
The federal tax data is from here: Your 2014 Taxpayer Receipt
How can we balance the federal budget?
BY ENDING CORPORATE WELFARE.
TAKE CARE OF OUR FAMILIES AND LET THE RICH PAY FOR THEIR LUXURIES THEMSELVES.