[corporate welfare] Why are Cash-Rich Companies Being Subsidized by Tax-Poor Governments?

Because they have money and power thus politicians are in their pockets, seems like a real simple answer.

 

That is true. End of story.

 

No no no, it's not corporate welfare, it's "investing in the American economy", "saving industry", "economic patriotism"

<blockquote class="twitter-tweet"><p>Obama's tax hikes on the rich raise ~$60B in 2013. His corporate tax breaks cost Treasury $67B &gt;&gt; <a href="http://t.co/DLSWQ6l5" title="http://bit.ly/131Iqxd" org_href="http://bit.ly/131Iqxd">bit.ly/131Iqxd</a></p>&mdash; Timothy P Carney (@TPCarney) <a href="https://twitter.com/TPCarney/status/286946887662182400" data-datetime="2013-01-03T15:27:23+00:00">January 3, 2013</a></blockquote>
<script src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

 

And it was "economic libertarianism." It's why people like the Kochs have supported "libertarian" thought and continue to do so - they know that economic subsidies for companies are getting bad press on both aisles, and since the subsidy game is up, it is time to diversify into other types of economic subsidies like tax breaks for the richest and cutting regulations on business. Its the same old game, but re-branded with a different name.

 

It's ok, I've turned to the dark side and am heavily investing in the very same corporations that are leeching off this country.

 

Keynesian economics: cut taxes and increase government consumption and investment. Only problem is, to go along with tax cuts, there has been no real increase in consumption or investment by the government, only transfers. Corporations hoard cash for the same reason individuals save cash - corporations are people, too.

 

Seriously, you can't believe that. You're saying that people try to make more and more money because they would save more of it? And you are sure it's not because they want to buy a yacht...

 

Correct, individuals indebt themselves to buy yachts. ExxonMobil's was paid for in cash money.[/sarcasm]

Many corporations hoard cash may use it to payout dividends or use it to acquire land, labor and capital. Do you honestly think corporations hoard cash just for the sake or hoarding cash, and furthermore, perhaps more troublesome, do you think individuals save money just to save?

For instance, I once recall a time people saved money to make a downpayment on a house, but that went out the window 10 years ago. Oh well, maybe I'm just behind the times.

 

Still waiting on the 1st corporation to get the Death Penalty

Rocket River

 

You are indeed a prince, sir.

But when you choke to death due to pollution or your grandchildren die in a huge climate change storm or you are killed in gun industry violence your investments will be of little comfort.

 

Not yet but they sure fuc* a lot of people in order to max out their profits in the short run.

 

I started an MBA program, but switched to law, but I hear they had a sort of business ethics or "business in society" class. I didn't have the pleasure, but It must be a sad, sad, joke.

 

It is. Got my MBA in May.

 

QFT.
finally we are getting somewhere. unfortunately it's on basketball bbs.