I'm back, with a new look. My site now has a white background with black font for all of you who were having trouble reading it before. The old colors did effect my eyes a little too, especially when switching between sites with different backgrounds. So I hope you enjoy.
I ran across a post a few months ago about the cost of corporate welfare to the average American Family. As reported by Common Dreams, The Average American Family Pays $6,000 a Year in Subsidies to Big Business.
If this is true it's staggering. The sources seem pretty legit, citing, among others, the Cato Institute, which is a libertarian think tank, no friend of big government.
The $6,000 a year price tag bottoms down to:
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
Both liberals and libertarians should join sides and work together to end corporate subsidies and send that money back to working families. I could sure use an extra $6,000 a year. The Federalist examined this article and has determined that the actual cost is $2,436 per year. They cut out numbers 3, 4, 5, and 7 from their list, probably because, as a libertarian leaning organization, they're fine with interest rate subsidies for banks, retirement fund bank fees, overpriced medications, and corporate tax havens. Other interpretations of the source that make this argument have the total at $4,000 per family. Regardless of whether it's $6,000, $4,000, or $2,436, it's too much, and we need to set ideologies aside and work together to end corporate welfare.