Tesla takes $3 billion of government subsidies and its owner is going to redirect government spending. That is a blatant conflict of interest. And that is the norm under maga rule.
It's normal for Republicans in general. In Utah we have Utahns #1 eviction attorney on our state Legislature passing landlord/tenant laws. It's absolutely asinine.
And this is why trumpy is threatening other countries based on how much Extremely Wealthy American Corporations have to pay🤬 He’s using the fact he has the codes to intimidate everyone🤬 He probably thinks if he drops one, it won’t affect America, kinda like the tariffs🤨👿
Many of these are State and Local Tax Credits. The 3 big ones at the top are a Megadeal some massive program created in the 1970s. Click the link if you want some more info.
Instead, they want to take from the poor people who actually paid into the funds they are receiving back while billionaires and their companies skate the system.
Why doesn’t the government keep some equity stakes in these companies and use the profits to off set taxes and fund people centered programs for the rest of us instead of just giving the money away. Wouldn’t that make more sense? Fund education, affordable housing, and so much more
Government subsidies should be done like most foreign aid is done through loans, not grants. I wonder how many of those subsidy recipients have reported record profits. Some of that money should be repaid to taxpayers.
Along with GOP led states that live off the taxes of others. Have no problem with sharing but maybe time for the Federal government to only give each state what they actually contribute instead of supplementing those state governments who do nothing for their voters?!
Look at the historical tax tables and before 1981 individuals and corps who also made the most paid the most in taxes towards our debt instead of cutting services to pay for it
And that is the real problem- 1980 top corporate tax was 46% for the wealthiest corporations ( graduated tax rates) today it is 21% that was actually a 6% INCREASE for small corps who make under 50k while a 14% tax cut for the ones who make the most.. Soon to be 15%… why our debt is so high today
It is run by one of the wealthiest men in the world, Elon Musk, who as of the end of 2023 sat on a personal fortune of $251 billion — built in no small part on the value of his Tesla stock. But despite the huge and growing wealth of the corporation and its principal owner,
An excerpt from the article.
The Terrible 10: Case Studies
Tesla
5-year Executive Pay: $2.5 billion
5-year U.S. Profit: $4.4 billion
5-year Federal Income Tax: -$1 million (0.0%)
Tesla began 2024 as the 8th most valuable corporation in the world with a market cap of nearly $800 billion.
BTW is this the only place show followers gather and comment? I would love a discord server, online chat room, Real LIFE IN PERSON group to get out there and do my part. In particular get the FICA SS Tax Cap of 176,100 raised to save SS, create equity, and truly guarantee one safety net.
Much like the list of articles that Thom releases daily that guide his show comments/material/content the point of this is IMO is to drill down more on the data. I went to Visual Capitalist and there is an article attached with explanations of each subsidy. The other comments here "RESEARCH".
Imagine how great life could be if we actually taxed these companies and their executives AND removed all subsidies and used that money to improve life for all Americans. Alas
Billion-dollar companies raking in federal subsidies? So how do us regular folk get in on that scam—I mean, system? Do we just get an EIN, throw together a fake LLC, & start cashing checks? Let me know, Uncle Sam. I’m tired of watching corps play welfare queen while the rest of us foot the bill!
This is over 24 years. Just make multi millionaires & billionaires pay their fair share & raise corporate taxes to match the % of what the average people pay
This is over the last quarter-century. I’d be way more interested in seeing what’s happening now. Like, an Amazon subsidy in 2000 might have made sense; one in 2024 makes me want to burn something down.
Agree..makes more sense to subsidize a company to keep the jobs here in the US but not year after year… like we have with oil and corporate farm subsidies ( not including subsidizing small
Farmers that it was designed for)
The last 4 subsidies are from 2024 and 3 from 2023. They are termed Data Center. I would guess that is call center and 4 places gave tax breaks. MS, Oregon twice, and Virginia to have them built there for employment. 259 million in Mississippi for a Data Center. A bribe for jobs. Oligarchy.
Poor & middle class (who need the help) don't get any. Wealthy corporations (who are rich & don't need the help) receive all the help in the world @jayapal.house.gov @hakeem-jeffries.bsky.social @aoc.bsky.social @housebudgetdems.bsky.social @thedemcoalition.bsky.social @chrismurphyct.bsky.social
This was passed as a stand alone bill after it was removed from the first deal, just like all legacy media stories it was not followed up on. There are about 5 Blue Sky posts in my follows with this info if you want me to post here.
Wait a minute. That includes training reimbursements, like when an employee gets free education. I got my master's degree that way. That's not money that the company receives. That's what employees receive.
Comments
$100 Bullions in waste.
Tesla subsidy $2.88 billion. Pretty good return on a $277 million investment.
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700
Nice breakdown on Corporate welfare.
GOP are always demonizing about welfare.
Reagan complained about welfare queens.
He left out the ones in Armani suits.
https://www.pbs.org/newshour/show/the-true-story-behind-the-welfare-queen-stereotype
Where are the degrading means testing for corporate welfare?
Micron sure looks like the Chips Act amount
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700
https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-income-tax-rates
The Terrible 10: Case Studies
Tesla
5-year Executive Pay: $2.5 billion
5-year U.S. Profit: $4.4 billion
5-year Federal Income Tax: -$1 million (0.0%)
Tesla began 2024 as the 8th most valuable corporation in the world with a market cap of nearly $800 billion.
𝙸 𝚠𝚊𝚜 𝚒𝚗𝚟𝚒𝚝𝚎𝚍 𝚝𝚘 𝚜𝚎𝚟𝚎𝚛𝚊𝚕 𝙺 𝚂𝚝𝚛𝚎𝚎𝚝 𝚌𝚘𝚌𝚔𝚝𝚊𝚒𝚕 𝚙𝚊𝚛𝚝𝚒𝚎𝚜 𝚠𝚑𝚎𝚗𝙸 𝚠𝚊𝚜 𝚠𝚘𝚛𝚔𝚒𝚗𝚐 𝚒𝚗 𝙳 𝙲. 𝙸𝚝 𝚠𝚊𝚜 𝚔𝚗𝚘𝚠𝚗 𝚊𝚜 𝚝𝚑𝚎 𝚌𝚒𝚛𝚌𝚞𝚒𝚝 𝚏𝚘𝚛 𝚝𝚑𝚎 𝚏𝚘𝚞𝚛𝚝𝚑 𝚋𝚛𝚊𝚗𝚌𝚑 𝚘𝚏 𝚐𝚘𝚟𝚎𝚛𝚗𝚖𝚎𝚗𝚝.
Farmers that it was designed for)
Also: Why is Disney being subsidized?
These are the biggest Welfare Queens
@civicmedia.us @jmatenaer.bsky.social @harveyjkaye.bsky.social @jeffsantosshow.bsky.social