The Average American Family Pays $6,000 A Year In Subsidies To Big Business (Demo)

On September 23, 2013, Paul Buchheit writes an op-ed on NationOfChange.org:

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.

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.

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

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.

Americans need to wake up and fight for policies that will eliminate subsidies and empower EVERY American to secure their future income source through the OWNERSHIP of wealth-creating, income-generating productive capital assets, not through a JOB. By significantly expanding private sector individual ownership of such assets there can be a total elimination of the necessity for income-robbing subsidies.

The point is, we need to implement policies that provide EQUALITY of opportunity so that EVERY American can be productive through his or her contribution of OWNED wealth-creating, income-generating productive capital assets, which is exponentially replacing the need for labor workers. The system needs to be reformed by policies that provide opportunities for ordinary Americans, without savings or high incomes, to acquire shares of ownership in FUTURE productive capital assets and pay for their acquisition with the earnings of the investments. Broadening ownership is the ONLY way to ensure prosperity for EVERY American while protecting the private property rights of those who own. It is the ONLY way to counter the job destroying and worth devaluation of labor due to tectonic shifts in the technologies of production.

Corporations should be incentivized to pay out 100 percent of earnings and instead of using retained earnings and debt financing, neither of which creates any new owners, issue and sell new stock whose purchase would be accomplished using insured capital credit loans issued by local banks to ordinary Americans, with the loans paid back from the earnings of the investments.

See The Capital Homestead Act––A Plan For Getting Ownership, Income, And Power To Every Citizen at http://www.cesj.org/homestead/flyer-cha.htm

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