The Cato institute, in 2002, placed the value of corporate “welfare” subsidies at over $92 BILLION annually.
Good Jobs First, in 2014, placed that number up to $110 BILLION annually.
“Conservatives” and “Liberals” have more in common than the established system will allow them to realize, or admit.
They are distracted by often trivial, menial differences, whilst ignoring their commonalities.
The largest institutional shareholders of Amazon include:
T Rowe Price
And other of the largest money-management firm, whom operate collaboratively, forming virtual monopolies amongst the largest “competing” corporations, via large share holdings, in most every single industry.
(source = morningstar.com)
Vanguard, BlackRock and State Street (the “Big Three”) alone hold over $16 TRILLION of a total $90 trillion in U.S. markets capitalization.
That over 17 percent, held by just three firms.
Combine that with the other largest firms, and you have some 40-50 percent of the markets controlled by a couple handfulls of firms.
Combine that with a few individual billionaire shareholders, and some 90 percent of the market is most wholly owned & thus controlled by the .001 percent.
These are among the same firms that largely own Apple, Alphabet, Facebook, Twitter, IBM, Microsoft, Ebay, Kroger, Walmart, Netflix, the largest “competing” defense contractors, the largest “competing” banks, the largest “competing” insurance co’s the largest “competing” pharmaceutical co’s, the largest “competing” media corps, the largest “competing” firms in most every single industry.
• Corporations owned by these firms are among the largest political campaign donors, to politicians from both the “left” and “right” (even their “fringe” elements like the “Libertarians” and “Progressives”).
• Corporations owned by these firms are among the largest spenders on lobbying activities, to politicians & bureaucrats of both the “left” and “right”.
• Not surprisingly, corporations owned by these firms are also among the largest recipients of the over $110 BILLION given away ANNUALLY by the government in the form of corporate subsidies.
Whereas the ultra-wealthy like Bezos, Gates, Zuckerberg, Musk, etc. are the billionaire CEO’s of these politically corrupting companies, they still answer to their largest shareholders.
They exist to drive as much profit back to the institutions that hold the shares, influence and/or voting power to replace Executives and Boards.
Much of their wealth has been made via, and is thus dependent upon these large money-management firms, via IPO’s and these stock holdings of their companies.
This is the true hierarchy, and collaboration of power and wealth in America.
Corporations owned by these firms are among Bernie Sanders’ largest campaign donors (Apple, Alphabet, Microsoft, IBM, etc.).
The WTID wealth inequality index is at its HIGHEST level EVER in U.S. history.
The .001 percent are not only receiving large tax breaks for themselves and their corporations, but also receiving BILLIONS in additional TAXPAYER monies.
Yet followers of the “left” and “right” are kept busily distracted, blaming & fighting each other over which side is to blame, and which sides “leaders” are most corrupt.
Guess what? The whole corporate-political establishment shares equal responsibility & blame.
This is the manipulation of the human instinct of “Dichotomous Thinking”.
Garnering more support for one’s side by identifying a common enemy.
Playing each side off the divisions of each.
It’s propagandist instilled legitimacy for the establishment.
This is one of the constructs of the New American Planned Market Economy, that is “capitalism” only for the .001 percent.
This is the basis of neo-feudalism in America.
Regardless whether “Dem” or “GOP” (or the "fringe offshoots, like “Progressives” or “Libertarians”), the same ultra-wealthy continue to gain ever-more wealth, the same ultra-powerful gain ever-more power.
Meanwhile, the rest of us continue to lose pace to highly under-reported inflation, as we continue to lose ever more rights, freedoms, liberties, and justice.
“The last thing abandoned by a party is its phraseology, because among political parties, as elsewhere, the vulgar make the language, and the vulgar abandon more easily the ideas that have been instilled into it than the words that it has learnt.”
“A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”
“n cities [true democracies] men cannot be prevented from concerting together, and from awakening a mutual excitement which prompts sudden and passionate resolutions. Cities may be looked upon as large assemblies, of which all the inhabitants are members; their populace exercises a prodigious influence upon the magistrates, and frequently executes its own wishes without their intervention.”
-Alexis de Tocqueville-