There is nothing wrong with tax breaks. We all need them. But when the tax breaks are only given to major corporations who influence government, it distorts the economic picture by pushing more and more of us into serfdom as the elitists write themselves tax breaks.
Iowa state leaders gave the lion’s share of Iowa’s economic development tax breaks from 2003 to 2010 to some of the most powerful businesses in the country, awarding 50 companies more than $809 million in seven years, reports the Des Moines Register.
The top ten to receive tax breaks were:
Valero Energy
$58.9 million
The Koch brothers operation, Flint Hills
$40.8 million
Harvest BioFuels
$36.2 million
SSAB Iowa
$35.5 million
Rockwell Collins
$34 million
Deere & Co.
$30.7 million
Wells Fargo
$29 million
Funny, how some of these corporations run programs calling for lower taxes for the little guy (See Koch's Cato) but when the laws are written, it's the big guys with the tax breaks.
Every man's gains, one man's gain, in fact, is precisely the consequence of his bringing about the gain of others. When an exchange is coerced on the other hand - when criminals or governments intervene - one group gains at the expense of others. ~ Murray N Rothbard
ReplyDeleteCounting everyone's money in order to decide who is rich in order to decide who to rob is known as communism.
ReplyDeleteThe rich pay most of the taxes, so naturally they buy the government in self-defense. They then use it to rob the poor and stifle their competition.
Both sides are savages preying on one another under the obscene premise that law trumps morality.
-John Howard