Monday, November 14, 2011

Time Stasis

Who Gets Tax Subsidies?

 ~ Those who've got shall get:

Table of US tax subsidies by industry

So why do thriving, insanely profitable industries need taxpayer subsidies in a time of mounting deficit hysteria? Because they deserve it! It's the same reason that the 1% need more tax breaks—they've worked hard, they've been successful, so we shower them with largesse in recognition. It's the product of a peculiar mindset, as well as stark evidence of the corporate capture of our political institutions.

Too much of our public policy focuses on rewarding the past rather than investing in our future.

"We are made wise not by the recollection of our past, but by the responsibility for our future." As we rest on our national laurels, and simultaneously emaciate our financial health, we diminish our ability to compete in the global economy of tomorrow.

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