Aid to Dependent Corporations: Exposing Federal Handouts to the Wealthy

Unlike State funded welfare to help those in financial needs. This system is designed primarily for wealthy citizens and corporations in the United States. With this system the wealthy individuals and corporations are able to write off huge amounts of debt and avoid paying taxes for the use of government land and/or property for their businesses. Because of this generous federal handout to the wealthy, businesses are able to avoid all types of payments to the government and receive hefty tax breaks instead. Some other perks wealthy individuals and companies are entitled to are deductibles on their homes with the Mansion Subsidy which let them deduct up to 1 million a year. Accelerated Depreciate Subsidy consist of getting an accelerated tax break on company owned equipment faster when it wears out with time. There are also grants given to large corporations such as The Advertising Depreciation Subsidy which helps corporations fully deduct the cost of their advertising. The McSubsidies grant of $110 million a year goes directly to companies that advertise their products in foreign countries, and the Corporate Agri-Business Subsidy is a government grant that gives $200 million a year to corporate farms that have a income over $5 million a year just to name a few. Within corporations executives are making 140 times more the amount of profits than the firm’s lowest paid workers. I feel this bias attitude the government has toward the general population is an outrage. They make budget cuts to important programs helping those in need and end up giving money and financial breaks of all kinds to the rich who are not disadvantaged in any way or form. This is very disturbing and does not make any sense. The average tax payer pays plenty of money out of their pockets to the government to be put toward different programs and laws, but at the same time the government is letting those who have more
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than enough get away with murder and not be responsible for hardly anything. This does not add up to me. Maybe I am missing something here but there are a variety of programs out there that need help, especially those who are really in need of assistance and have no where else to turn. Society needs to take the government money it’s giving away needlessly and use it to keep people working and off the streets. Some government money could be used to give children a better education and help our economy become better. Instead we are giving away precious funds helping nothing of importance as far as I see, and receiving nothing in return. Instead we are cutting welfare that is so desperately needed for families, older adults and school programs. Some examples are the school art programs, music, home economics and recreation. These programs are to teach and help a child to grow and become successful, independent, smart, self-assured and sufficient in life. Our children are the future of us all and the more attention we give them the more it will help toward their growing needs. The government does not deal fairly with this issue, and at the same time they are complaining about how much money is being spent to better the economy. This seems like a losing situation that has no ending. I did not have this understanding on how most of the money in this country is being wasted until I read this chronicle. If the government will take the time and analyze this situation possibly new provisions can be established to set aside money to help with true causes and those in need. If we stop taking care of the rich and put the money to better use then there would be a significant amount of people not wanting and needing in order to get by. We would be able to keep effective programs in school and refrain from cutting Medicare and social security to the elderly and disadvantaged. Also this money could be put toward job

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training to help those on welfare make a smooth transition into the workforce. Programs such as these will help prepare them properly without high failure rates. There is an abundance of important medical research programs that could use this money as well to help accelerate finding a cure for a vast amount of diseases. Until the government takes a good hard look at this situation, we as citizens will not be able to evolve and make progress. We need equality and assurance knowing we as people will be treated with the same respect as the next individual, and have the same privileges in our time of need without any problems or repercussions.