HERE is where we can and should cut government spending:

[CousinIT]

There is NO NEED to cut, gut or privatize Social Security & Medicare.

https://www.visualcapitalist.com/which-u-s-companies-receive-the-most-government-subsidies/

[bucolic_frolic]

1. some not even US companies

[paleotn]

9. Facilities, sites, plants, jobs. Foreign owned or not is irrelevant in the calculus.

The hope being that increased economic activity, and taxes derived from that, will more than offset the subsidies. Unfortunately, in many cases, that's about as likely as offsetting professional sports stadium subsidies. In the end, it costs states and cities more than it returns.

[Farmer-Rick]

34. Most their manufacturing is in other countries

Those jobs were never going to come back to the US. It was why we had the crash in 2007. But we still give those very profitable corporations our tax dollars.

It's a pipe dream to think if you give the richest grifters in the world huge tax payer funded subsidies, the grifters are going to make you a great society filled with jobs and thriving economic activity.

[Lonestarblue]

2. I'd like to also see an analysis of amounts spent with defense contractors like Raytheon and other MIC beneficiaries.

A breakdown of costs by category would give us a good idea of how much the MIC is profiting. The DoD budget may exist publicly. I just haven’t had time to search yet, but there’s a lot of waste.

[paleotn]

15. I don't see Raytheon on the list above...

The majority of Boeing's subsidies have nothing to do with their DoD production arm and all to do with keeping production in Everett. Blackmail. Kind of the point of the OP I think.

You see, our military kit works quite well. Russia's doesn't. China's is marginal but catching up. There's a cost to being reliable, militarily cutting edge and dominant. And given recent events, we certainly don't want to be NOT be reliable, cutting edge and dominant. We cut our military spending to virtually nothing WW1 to WW2. After that shortsighted disaster, we vowed never to do that again. But maybe we could simply soothe our advisories with kumbayas and woo instead and pray it works this time.

But I get it. Defense contractors are a cartoon "monolith" some love to beat on, while at the same time basking in the warm, safe, comfy bubble they help our military provide. Kind of hypocritical, really. And kind of old .

[TBF]

3. Bailing out Boeing to keep the executives happy -

with all the manufacturing issues. Ahem.

[wryter2000]

4. Start with SpaceX n/t

[OMGWTF]

5. What about the oil companies?

Warren Buffet said that if the top companies in the US paid taxes at the rate his companies do there would be no need to tax anyone else.

[BadgerMom]

10. Those are the companies-the sector-that's missing here.

What are our subsidies to Exxon?

[BadgerMom]

12. Okay. So, I googled "federal subsidies to Exxon in 2023."

My first listing was that AI has no info for that subject. I could get no info. I did stumble on the colorful chart shown above. I guess I’ll have to go down a few rabbit holes.

[Buzz cook]

20. Take the quotes off

Last edited Sun Dec 22, 2024, 02:00 AM - Edit history (1)

https://subsidytracker.goodjobsfirst.org/parent/exxon-mobil

https://www.ft.com/content/28b3a8d9-9c5f-4578-a6c6-7b848b3fe700

[BadgerMom]

22. Thanks.

Those are some big numbers.

[SheltieLover]

27. Pls let us know what you find?

[BadgerMom]

28. Buzz cook found some good links.

I went to the links in his reply to me. I couldn’t get into the Financial Times link because I have no subscription. The subsidy tracker lists subsidies and loans, state and federal. As you’ll see, the numbers are big!

[SheltieLover]

29. Thx!

Fking ridiculous they scream about SNAP & SS/Medicare, yet so willing to freely gift OUR tax dollars to corps.

Thx again!

[Sneederbunk]

6. Forward post to Eloon immediately.

He will get on it.

[littlemissmartypants]

7. Cool graphic. ...

Is anyone going to read past that and actually parse out the details though?

Most reactions either lead to rage posts, I told you so posts or there's nothing I can do about it posts and then what's for dinner posts.

Elmo is certainly too stupid to use a nice pretty tool like this.

He's more interested in sowing discord and starting fires. He is almost as big of an idiot as 47.

Thanks for sharing this my dear friend, CousinIT. Lmk when you post it on blue and I'll try my best to boost it for you.

❤️

[CousinIT]

11. Thank you!

https://bsky.app/profile/cousinit.bsky.social/post/3ldtbesi4ek2s

[love_katz]

17. I followed you on Blue Sky.

Here's my user handle: @37luv-katz40.bsky.social

I'm still working on getting the hang of things over there. I was never on $hitter , so it's taking me awhile to get up to speed.

I'm glad that you're on Blue Sky.

[paleotn]

8. Will only work if every state and locality is on board.

If we all say no more tax breaks and no more subsidies, we can roll that back. If not, jobs will go to the places who still play by the old game.

[MichMan]

13. Should the CHIPS Act be repealed?

Lots of corporate subsidies there

[Tweedy]

18. Sadly, the gop will no doubt try

[onecaliberal]

14. K&R x 1000000000

[Paper Roses]

16. On the list should be the amount of $$$ we spend for trump to travel.

Back and forth to his properties with all the SUV's and SS crew, I bet it is millions.
He should not have the option to travel at our expense.
How about the money spent as himself plays golf, charges the government for all the protection he receives.
AND: why is mar a lago considered his home when it is considered a private club?
What an incredible waste and the rest of us pay.
I bet we are now paying for Leon's travel too.
Makes me sick.

[Conjuay]

31. If he had ended up in prison

His travel expenses would have been dramatically curtailed.
From Rikers to Kings County Courthouse, roundtrip!

[damifino10]

19. Missing

Where are the oil companies?

[Faux pas]

21. That is effing

NUTS.

[harumph]

23. It doesn't break it down by state vs federal funds

why is that? combining them doesn't tell a relevant story.

[ForgedCrank]

24. It's not

really spending. These are incentives given by local and state (mostly) to attract business, constructions, and jobs. It's also 2 1/2 decades total, peanuts in the scope of total budget spending. and for example, I'd much rather see Boeing get tax break incentives than see them get absorbed and lose the market to the French.

[WarGamer]

25. How about the DoD?

The GEN4 fighter program has been an epic MIC welfare project...

Our latest F-16 were already unchallenged in the world...

[SheltieLover]

26. Oil companies?

[Irish_Dem]

30. And it is not enough for them.

They still have to bribe politicians to hand over more of the US Treasury, and steal SS and Medicare to do it.

[Conjuay]

32. Little piggies, all of them.

[Irish_Dem]

33. The money and power addiction we are seeing is destroying the planet and the humans on it

[Hotler]

35. When resources go to us little people it's called welfare. When it goes to those at the top, it's called subsidies. nt

[Emile]

36. ax dollars are being used to find the missing bolts on the Boeing 737's.

[Lucky Luciano]

37. Cutting some of those are national security threats.

…but the US should get partial ownership of course.