Social Contract theory today is the basis for forced coercion.
Agreed. Also, I know what you mean about government coercion and its benefactors.
The public is forced into spending billions protecting private sector oil fields and trade routes all over the globe, yet it exercises zero ownership rights/privileges in exchange for this corporate welfare. And the public is also forced to spend millions a year on a patent system. This is where the nanny government builds a monopoly fence around private sector investments; which means, in essence, that the public is paying handsomely to support a government-protected rentier class who lord over most major domestic sectors. And the public is also forced to fund a truly massive subsidy and bailout system so that our owners/investors get loads of government help on both the cost & risk end. (I'm sure you've studied lobbying and you understand why our corporations invest billions a year in their nanny protectorate. I'm sure you know about welfare in all its forms, and you're not just listening to news sources that only talk about the evil of food stamps and unemployment benefits)
The coercion doesn't end. The public is forced to spend trillions through the Pentagon/NASA budgets to develop a satellite system which is then simply given to private sector telecoms (and host of other sectors), thus converting my money into private profit for others.
If large corporations are going to benefit from publicly funded infrastructure, research, technology, subsidies and bailouts, than they should expect a corresponding tax burden. (that is, unless you create a media system which suppresses all the things government does for business by strategically moving the public's gaze to welfare queens, gay marriage and the commie terrorist baby killer hiding under the bed)
Before you tell us about coercion, you need to be able to supply an itemized list of the benefits our profit makers get from government. Meaning: welfare goes in many directions, but the talk radio republican has been trained only to see one side of the story. For instance, do you know how much money Boeing has received through the the defense budget? The public has done as much or more to subsidize commercial aviation than any collection of private investors (who draw 100% of the ownership benefits). We keep hearing about confiscatory taxes to support the welfare state, but we NEVER hear about who gets the most welfare. Do you know how much money the public has invested in the Colorado Rive Basin so that profit makers have access to a population center of over 25 million? This is why those same profit makers can't invest in most of Sub-Saharan Africa, because there is no nanny state to give them the required industrial infrastructure. (But your side strategically suppresses the public investment into the infrastructure required by a robust profit system)
During the postwar years there was an unstated compact between business and government. Business was given truly ******* massive subsidies along with all the advantages of the world's most expensive, most advanced industrial infrastructure. (Do you know the kind of technology that flowed from the Cold War Space Program into the 80's consumer electronics boom? Do you know the profits this technology made possible? Have you ever studied it?) Which is to say: we bestow lavish gifts upon our capitalist class, which is why we have the wealthiest private sector in history. In exchange for these gifts to our suppliers, our well subsidized capitalists accepted a tax rate which would allow the public to 1) continue to invest in advanced industrial infrastructure (rather than borrowing money from China for this stuff), and 2) create well funded school/health/transportation systems so that those born poor would have the tools of upward mobility, and 3) support a network of demand-centered economic policies that made sure the middle class had the purchasing power to drive economic growth without having to go into crippling debt. If you don't like this compact, the story goes, than move to Africa and try investing in a country that doesn't have first world infrastructure. Unfortunately, the postwar compact was ultimately destroyed. With Reagan we managed to increase the subsidies/bailouts to business but we deeply undermined the tax, trade and labor policies that allowed us to support a thriving middle class of consumers. We divested from the consumer/demand side and thus created a class of indebted, low-wage serfs.
But the fact remains. Government coercion takes many forms and has many benefactors.