Thursday, September 26, 2013

Demand Your $6,000 Per Year Back

We all know the rich are robbing us blind and have been for decades, but now we finally have a number: The average American family pays $6,000 in subsidies to Big Business. Big Business like Exxon Mobil, which keeps posting record-breaking profits in the range of $40 billion annually - before the subsidies they steal from us.

Paul Burchheit at Nation of Change:

That's over and above our payments to the big companies for energy and food and housing and health care and all our tech devices. It's $6,000 that no family would have to pay if we truly lived in a competitive but well-regulated free-market economy.

The $6,000 figure is an average, which means that low-income families are paying less. But it also means that families (households) making over $72,000 are paying more than $6,000 to the corporations.

1. $870 for Direct Subsidies and Grants to Companies

2. $696 for Business Incentives at the State, County, and City Levels

3. $722 for Interest Rate Subsidies for Banks

4. $350 for Retirement Fund Bank Fees

5. $1,268 for Overpriced Medications

6. $870 for Corporate Tax Subsidies

7. $1,231 for Revenue Losses from Corporate Tax Havens

Much More Than an Insult

Overall, American families are paying an annual $6,000 subsidy to corporations that have doubled their profits and cut their taxes in half in ten years while cutting 2.9 million jobs in the U.S. and adding almost as many jobs overseas. This is more than an insult. It's a devastating attack on the livelihoods of tens of millions of American families. And Congress just lets it happen.
Click the link for the nauseating details.

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