Is corporate welfare nothing more then social programs for business?

Question

Should we be giving tax breaks to a business who is shipping their jobs overseas, or a business making billions in profit?

Answer 1

here i go being liberal again

i think american jobs should stay in american and companies should be given a tax break ONLY IF their jobs stay in america

Answer 2

Dee W. Hock, author of Birth of the Chaordic Age, a mid-level manager with Bank of America decades ago, was as well an innovator, who formulated the Bank of America's Visa concept that changed the whole international network of doing business, from which later spawned all of what we know today regarding Visa, MasterCard, American Express, &c... Later came the gentleman who invented the ATM machine. The whole of it all has been an evolution, but as with anything that develops, there must be balances, or what may be called as the Constitution frames it "Checks and Balances." Dee W. Hock conveyed in the early of his book how corporations were never intended to exist as we know them today. They were but ad hoc projects, sometimes massive ones, devised to fulfill certain purposes, after which completion these Entities were to shut down. We have to acknowledge that implosions are sure to be expected amid any mass interchange of people, that critical mass is typically reached when too much want by too many is imported to any objective. For if there exists any one thing we can guarantee will manifest, 'that' would be 'avarice', which is sure to raise its motley head. And this is exactly what the early devisers in these impromptu businesses saw; that these projects would risk later becoming permanent projects and with that followed inherent weakness -- in what became known as Corporations -- and that to sustain and expand them chances having too little oversight, audit, and enforcement: Greed is usually the paramount result, then tremendous loss... If amid these bankruptcies of Bear-Stearns, Lehman Brothers, Merrill-Lynch and others -- increasingly too numerous to name -- there should be the fairness to amend the wrongs done to the employees' pension savings and plans, then that can be considered a gift and boon -- even if the shareholders and executives themselves are corrupt and the coffers go bust. In other words, at least bail out the employees who will have lost all their investments toward the future. Indeed, incarcerate the executives. As to the corporate entities themselves -- the executive structure and the key players involved -- those as the federal Securities and Exchange Commission (SEC) knows them, so much is tied into these giant mechanisms now, so sophisticated are the grave implications of letting many of them fall, that bail-outs may be required, else an effect can ensue that can wipe out the international Market. With that result would ensue a Depression... For we may realize that a Recession is where the Market drops 20 points and sustains over the course of 3 to 4 quarters -- but what of that beyond 20 points as we saw in the late 1920's and into the Great Depression? Sadly, the investment banks are inexorably tied one to the other internationally. So we must tred carefully now. Is what the federal government doing regarding these corporations Welfare and Subsidy ploys -- well of course it is! 'Nothing if not a welfare program. But subsidy programs have long existed throughout the commodities markets. 'This' is what has to be changed. But for so many now, the markets are too far in, and like a cancer that has metastisized, we cannot just simply go in and remove it: the Treasury Dept and the Federal Reserve Board and the Congressional Finance Committees in both Houses are to be most careful -- they have to be. But without question, the thousands of employees of these big investment banks 'must' be compensated, and whose IRA's, 401's should somehow be replenished in some measure, even though they all, we have to presume, knew the risk; that these are and were not federally insured. After all, these instruments came into being because corporations no longer wished to pay their employees fixed, insured pensions any longer -- and Congress bought into this rip-off. This made us all -- whether we know it or not -- veritable entrepreneurs. Only government employees it would seem today have any measure of stability... Both the corporations and the Congress, and cabinet and commission regulators are to be held responsible for this grand mess.

Answer 3

Yes. We seem to have a greater obligation as taxpayers to ensure record profits despite outrageous Executive Compensation than we do to take care of the elderly, the needy or our Solidiers.

And no. If Cheap Labor is such a good deal for the companies and, as they claim, the US--why would they need a subsidy? If it isn't profitable enough to do without a tax break, we shouldn't be doing it.

Answer 4

I just saw a very good documentary, "Wal-mart: The High Cost of Low Price". I'd call it a very ugly example of corporate welfare when a company keeps it's wage cost so low and benefits cost so high that state-funded (taxpayer-funded) assistance programs end up footing the bill. One of the most shocking statistics:
WAL-MART Costs Taxpayers $1,557,000,000,00 to Support its Employees

Here's a like to the statistics and sources that were used in the film:
http://www.walmartmovie.com/facts.php

Answer 5

The saddest thing about corporate welfare is the amount of Reps/Cons that will defend it, all the while complaining about a health insurance bill for children.

Answer 6

If we weren't taxing businesses to death there would be no reason to "ship jobs overseas." Welfare is stealing from those who earn their keep to pay for those who don't. A tax break is not welfare, it's less government theft.

Answer 7

Yep. And politicians will defend it to the death because they clearly prefer hefty portfolio profits and campaign funds over providing the disadvantaged children among their constituents with basic healthcare.

Answer 8

You're absolutely right! What really gets me is how certain people here complain ad nauseam about the individuals who live on public assistance and yet say nothing about corporate welfare, despite the fact that BILLIONS more of our taxpayer dollars go to corporate welfare programs than to programs that are meant to assist the underprivileged.

Answer 9

Of course, the businesses world should live up to the same set of moral satndards that individuals do.
lying, cheating, stealing, dishonest behavior jsut to make profits are just as wrong and illegal and immoral for businesses as individuals.

Answer 10

Of course not, but when discussing "waste in government" Republicans NEVER bring up THESE "entitlement programs".

I keep asking this, and I have yet to get an answer, but I will keep asking.

"Why Does Republican Outrage Over 'Hand Outs' Only Show Itself When Its an American Who Needs the Help?"

Hundreds of millions of dollars for businesses making tens of BILLIONS already, no problem.
Hundreds of BILLIONS in Iraq, with no chance of ever seing that money again, SURE, no problem.
WHAT? That mother needs insurance for her baby after her husband was killed in Iraq? Up yours, too damn bad, she should have married better. Just send out her kid for adoption and make sure she has an American Flag lapel pin (made in China naturally), cuz we "support the troops".