General Discussion

dawg

(10,777 posts)

86. I read it. It's dodgy.

Mon Nov 4, 2013, 11:47 AM

Nov 2013

Relies on Cato Institute figures for one component. Relies on fishy interest-rate assumptions for much of the "banking" subsidies. Counts billions in corporate profits as "subsidies". Yes, corporations do rip us off. But the profits they make from selling me overvalued crap should not be counted as corporate subsidies from the government.

Like I said earlier, I agree with the sentiment here. But these claims are overreaching, and IMHO the real numbers are damning enough without having to resort to this sort of hype.

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If you make $50,000 per year .... [View all] Scuba Nov 2013 OP

Good post. Agschmid Nov 2013 #1

K&R B Calm Nov 2013 #2

K&R. n/t FSogol Nov 2013 #3

kicking to access later annabanana Nov 2013 #4

I'd like to see a few more items on that list. surrealAmerican Nov 2013 #5

My math might be wrong, JoeyT Nov 2013 #32

The teabaggers think have the federl budget goes to foreign aid. AAO Nov 2013 #49

That's exactly what I was thinking. surrealAmerican Nov 2013 #57

Soc Sec is its own tax - this is Fed taxes CarrieLynne Nov 2013 #52

Medicare is also a separate line item enlightenment Nov 2013 #76

Social Security doesn't belong on that list. bvar22 Nov 2013 #90

A comprehensive breakdown would be interesting in and of itself. (nt) Posteritatis Nov 2013 #104

You pay the corporation $4,000 a year, while the corporation pays $0 in Taxes. fasttense Nov 2013 #6

How does the rich get those making $50K to support them? liberal N proud Nov 2013 #7

In many cases, their jobs depend upon it. Laelth Nov 2013 #25

Class solidarity. $50K in a small town in Mississippi still makes you a big local fish Recursion Nov 2013 #27

They trick them in to thinking they will be rich someday too harun Nov 2013 #35

I have spoken with individuals who fit this profile and I can tell that is what they believe, GoneFishin Nov 2013 #92

It USED to be possible - although not all that probable TBF Dec 2013 #127

Hate Radio Doctor_J Nov 2013 #63

been happening since the revolutionary war. KG Nov 2013 #119

More on food stamps than welfare? Wouldn't have thought that. interesting. nt Laura PourMeADrink Nov 2013 #8

What is meant by welfare as it is used in that graphic? HereSince1628 Nov 2013 #9

Think it's one of those things that both sides can make the numbers look Laura PourMeADrink Nov 2013 #15

Well what they don't tell you is that Food Stamp amount also covers... VanillaRhapsody Nov 2013 #87

"Welfare" per se doesn't really exist at a Federal level anymore Recursion Nov 2013 #26

Something is missing seveneyes Nov 2013 #10

there is more to the government brer cat Nov 2013 #16

don't think this is meant to be an all-inclusive list - just selected items. nt Laura PourMeADrink Nov 2013 #17

Social Security is missing madville Nov 2013 #19

Social Security is not part of the national budget; it is a separate insurance trust fund that DhhD Nov 2013 #55

SS, probably because it's so big Recursion Nov 2013 #36

Well if they don't contribute... Historic NY Nov 2013 #74

The standard deduction and the head of household deduction must be considered too. DhhD Nov 2013 #60

Just sent this to my teabag loving neighbor madokie Nov 2013 #11

Kicked & Cribbed! bluedeathray Nov 2013 #12

Are there sources for the figures? ancianita Nov 2013 #13

Per the BitchyPundit's facebook post .... Scuba Nov 2013 #18

Kick And Recommend cantbeserious Nov 2013 #14

If you're making $50K a year Demeter Nov 2013 #20

I made about the same when I made 35k a year madville Nov 2013 #21

I am just now listening to a guy from the "bipartisan institute" zeemike Nov 2013 #22

K&R nt stevenleser Nov 2013 #23

k&r for the truth. n/t Laelth Nov 2013 #24

K&R ReRe Nov 2013 #28

I don't think that is accurate. Coexist Nov 2013 #29

Yeah, I like to see that as well. progressoid Nov 2013 #30

I suspect that by "corporate subsidies" people don't mean direct payments to corporations magical thyme Nov 2013 #33

The Wal Mart type incentives are usually local wercal Nov 2013 #62

I realize that. I just couldn't think of the federal subsidies off the top of my head. Eg, big oil magical thyme Nov 2013 #125

plus they devestate local businesses while they are there. ejpoeta Nov 2013 #120

These graphics are *never* accurate cthulu2016 Nov 2013 #37

I used the $50,000 Married with one child estimate in the tool ehrnst Nov 2013 #40

thank you interesting Coexist Nov 2013 #59

as much as I know that people are not properly focused on the huge amounts Laura PourMeADrink Nov 2013 #43

Here ya go ... Scuba Nov 2013 #44

thanks Coexist Nov 2013 #61

Shows the teagabbers for the stupid tools they are Ohio Joe Nov 2013 #31

Copy and Print nevergiveup Nov 2013 #34

I'm a bit unsure about those numbers. EOTE Nov 2013 #38

Corporate subsidies are 352% of the federal budget, silly. cthulu2016 Nov 2013 #39

Thanks for reassuring me that I'm not going mad. EOTE Nov 2013 #41

The coomndreams piece it is derived from includes "payments" like cthulu2016 Nov 2013 #51

The law forbidding the federal government to negotiate drug prices mbperrin Nov 2013 #113

Agreed - as I posted just below you NewJeffCT Nov 2013 #47

This will help you understand how it's calculated ... Scuba Nov 2013 #48

I know how it was calculated, and it is crap cthulu2016 Nov 2013 #56

Really? What would you call it? Scuba Nov 2013 #58

Here ya go ... Scuba Nov 2013 #45

Those numbers are kind of ridiculous as well. EOTE Nov 2013 #54

Regarding defense spending. progressoid Nov 2013 #73

Yes, and where in there is corporate welfare? EOTE Nov 2013 #75

This pie chart is simply inaccurate - truedelphi Nov 2013 #100

Forget the $50,000 number....per capita? DawnBringer Dec 2013 #126

These numbers are bad - I ran the calculations yesterday when I saw it pop up all over Facebook NewJeffCT Nov 2013 #42

This'll help ... Scuba Nov 2013 #46

Sorry NewJeffCT Nov 2013 #53

Thank you. This graphic is a real mess -- makes us all look as batty as Glenn Beck BlueStreak Nov 2013 #69

oh man! thats what i make!! CarrieLynne Nov 2013 #50

Cripes, I WISH I made that much in a year. JTG of the PRB Nov 2013 #64

+1 L0oniX Nov 2013 #78

I. Love. This. MannyGoldstein Nov 2013 #65

Get rid of the subsidies! KansDem Nov 2013 #66

Agreed!!!! aptal Nov 2013 #108

Would like to see a source on those #. Dash87 Nov 2013 #67

... Scuba Nov 2013 #79

. Dash87 Nov 2013 #91

kick samsingh Nov 2013 #68

I will never post a meme like this, without a source wercal Nov 2013 #70

... Scuba Nov 2013 #77

The pittance paid for foreign aid needs to be on that list too, since it is a frequent target. Bernardo de La Paz Nov 2013 #71

K&r Packerowner740 Nov 2013 #72

This is not correct. dawg Nov 2013 #80

... Scuba Nov 2013 #81

I don't have time to do a term paper on it, but ... dawg Nov 2013 #83

Explained in the article at the link ... Scuba Nov 2013 #84

I read it. It's dodgy. dawg Nov 2013 #86

Great find, Scube (as in Scoob)!!! Fantastic Anarchist Nov 2013 #82

$4000.00? That's amazing that the "corporate subsidies" came out to such a nice round number. Nye Bevan Nov 2013 #85

$43.78? SHRED Nov 2013 #88

Here you go...broken down... VanillaRhapsody Nov 2013 #89

Message auto-removed Name removed Nov 2013 #93

now that oughta do it! Divine Discontent Nov 2013 #94

Corporate subsidies are equal to 20 times defense? grantcart Nov 2013 #95

Like this ... Scuba Nov 2013 #96

The numbers just don't add up grantcart Nov 2013 #105

I welcome your alternative graphic. Scuba Nov 2013 #107

So that's your commitment to credibility? grantcart Nov 2013 #110

I provided a source. You can take it up with them if you like. Scuba Nov 2013 #121

Isn't Defense some sort of Corporate subsidies? Amonester Nov 2013 #116

arm me with information..... Chakaconcarne Nov 2013 #97

I agree. We look like them when we post crap like this. EOTE Nov 2013 #98

Sources are cited in numerous responses throughout the thread. Scuba Nov 2013 #99

This is going to fakebooc Rain Mcloud Nov 2013 #101

HUGE K & R !!! - Thank You !!! WillyT Nov 2013 #102

Damn. Now THAT'S spelling it out like we need to...K & R & spread this far and wide. nt mother earth Nov 2013 #103

. blkmusclmachine Nov 2013 #106

Does "corp subsidies" include food stamp $ for WalMart employees? Beartracks Nov 2013 #109

Shared on FB, Tweeted & KnR FogerRox Nov 2013 #111

kick Liberal_in_LA Nov 2013 #112

This was removed by admins on 'Being Liberal' iamthebandfanman Nov 2013 #114

K&R Another winner, Scuba. stage left Nov 2013 #115

great post. liberal_at_heart Nov 2013 #117

K&R. JDPriestly Nov 2013 #118

I don't believe the graph or $4000 figure for a number of reasons Gore1FL Nov 2013 #122

Source ... Scuba Nov 2013 #123

That doesn't resolve the points I raised, however. n/t Gore1FL Nov 2013 #124