Aid To Dependent Corporations (Univ. Of Phoenix Soc 101)

1068 words - 5 pages

Aid to Dependent Corporations It seems people are quick to criticize the welfare system in the United States. However, there is another form of welfare that few are aware exists. This type of corporate welfare, termed "wealthfare," by Chuck Collins, the author of "Aid to Dependent Corporations," benefits corporations and the wealthy. Mr. Collins mentioned some very interesting facts with which I totally agree. His article helped me to understand how the rich continue to get richer, all at the cost of the United States taxpayer. Chuck Collins brings out many instances of corporate wealthfare in his article. For example, since 1987, American Barrick Resources Corporation has b ...view middle of the document...

They may also be less apt to make such radical changes to the welfare programs. Most people would take a closer look at the policies, or laws, that contribute to the corporations' ability to manipulate these laws to their favor and take advantage of the government. It seems to many people that welfare is putting a drain on the government budget. On the other hand, if corporations were paying as much in taxes today as they did in the 1950's, it would amount to $250 billion a year--more than the entire budget deficit (15). The true drains on the government budget are the corporations who get away with avoiding taxes. It appears to me that the problem is not welfare, but wealthfare. Chuck Collins provides additional cases of corporate wealthfare. One example is the foreign tax credit, "which allows U.S.-based multinational corporations to deduct from their U.S. taxes the income taxes they pay to other nations" (15). A perfect argument of the foreign tax credit is the oil companies that purchased oil from Saudi Arabia. Saudi Arabia had no income tax, which was good for the American companies; but the Saudi Arabians charged royalties. Because the royalties were not income taxes, they were not tax deductible. When King Saud decided to raise the royalties, the oil companies convinced him to substitute a corporate income tax instead. Other oil-producing countries followed suit, which, in the end, was a huge cost to the U. S. Treasury. I cannot help but think the large corporations are manipulating the government and creating changes to fit their needs.A second example is the wages of corporate executives. The average top executive today is paid at a ratio of 140 to one, compared to twenty years ago when a top executive made 34 times the wages of the lowest paid employees. "In 1993 the Clinton administration capped the deductibility of salaries at $1 million, but the law has several loopholes that allow for easy evasion" (16). It is insane to think that any one individual would be worthy of such a h...


Assignment On Aid to Dependent Corporations

532 words - 3 pages I would like to start off by saying that I very much enjoyed Chuck Collins article on Aid to Dependent Corporations, Exposing Federal Handouts to the Wealthy. It was written on a topic that really captured my attention. The article itself was short and to the point, with plenty of supporting facts which made for easy reading and comprehension for me. The use of so many matters of fact dollar figures is probably the greatest attraction of this

Signing Starbucks, a critical analysis of Starbucks corporations contributions to disabled - university of mary washington - research

1651 words - 7 pages Emily Sanborn Dr. Crosby 10/24/108 Signing Starbucks One of the largest minority groups in America are people with disabilities. People with disabilities are defined by their physical or mental conditions that limits their movements, sense, and activities. Typically, people tend to stigmatize disabled people by creating derogatory stereotypes about their capabilities resulting in exclusion from participating in jobs and other roles in society

The Tendency to Lack Empathy: Essay on Technological Influence - College of the Canyons - English 101 - Essay

1786 words - 8 pages 1 The Tendency To Lack Empathy Webster's Dictionary defines empathy as “the ability to understand and share the feelings of another”, which is one of the most inherent skills that humans possess. It promotes love and compassion and helps us understand different perspectives. We grow this ability through real life experiences and observations. And while empathy is one of the most important aspects of communication, it seems to get lost between

the student is assigned to read an article and analyze which of the proposed solution is better - English 101 - homework assignment

523 words - 3 pages The photographer Nathan Kensinger analyze the change of New York’s landscape and waterfronts due to climate change and discusses whether it is better to build up or scale back. In his article, he took example of two communities in New York in which those change appear clear, so he can provide a better understanding of his observation. Oakwood Beach in Staten Island and Long Island City in Queens were the two examples taken by Kensinger to

Paper On Global Warming Controversy

1230 words - 5 pages dependent on the good will of the participants in producing a balanced assessment. However, in Shanghai, it appeared that there were attempts to blunt, and perhaps obfuscate, the messages in the report, most notably by Saudi Arabia. This led to very protracted debates over wording on even bland and what should be uncontroversial text... The most contentious paragraph in the IPCC (2001) SPM was the concluding one on attribution. After much debate

Wall-e paper English 101 ethos pathos logos - English 101 - Essay

1196 words - 5 pages natural world around us, killing trees and hopes of a greener future simultaneously. The largest corporations of the world continue to grow, as more aspects of our lives are completely dependent on Amazon, Apple, and so on. Futuristic self-driving cars are starting to look a lot less futuristic as Google, Tesla, and several other companies make strides toward a computer-driven car. As our smart phones grow smarter and our attention spans grow weaker

"When Corporations Rule The World" By David Korten

2282 words - 10 pages Free dependent on each other many of these important traditions that united a community are being lost and forgotten. The corporations are looking to just make a profit.There are many other problems that are being caused by multinational corporations that are being over looked because they can not be measured by monetary means. These are the effects that the individual and society are noticing more and are trying to have to deal with. The first of these is

Poverty In The US

476 words - 2 pages Poverty is one of America's most persistent and serious problems. The United States produces more per capita than any other industrialized country, and in recent years has devoted more than $500 billion per year, or about 12 percent of its gross national product, to public assistance and social insurance programs like Social Security, Medicare, Aid to Families with Dependent Children, food stamps, and Medicaid. Despite our wealth and these

Comparison of storys A Rose for Emily and A Worn Path - College of Southern Maryland - Essay

799 words - 4 pages BLANDFORD 3 Brittany Blandford Professor Heid English 1020 June 6, 2018 The Comparison of Emily & Phoenix Although the main characters in the two stories “A rose for Emily” and “A Worn Path” may have a lot of differences but they also share a lot of similarities. What both women have in common are their struggles and the things they have to sacrifice to overcome the obstacles on their journey throughout life. Both Emily and Phoenix were strong

language arts the bog gwasmdnwvj nv - vpcs writing - essay

805 words - 4 pages English Language Arts/Literacy GO ON ► Today, you will read a passage from the novel The Phoenix Dance. As you read, you will gather information to prepare for writing an original narrative. A young woman named Phoenix is interested in the process of making shoes. Read the passage from The Phoenix Dance. Then answer the questions. from The Phoenix Dance by Dia Calhoun 1 A cold wind sliced through Pearl Street as Phoenix Dance stood by the

Products, Services And Prices In The Free Market

1210 words - 5 pages " can be used to predict how the demand for the product would change with regard to a change in income of the customers. Finally, a presentation of the results of our research in the MarketLine Business Information Center database at the University of Phoenix Library will be provided.Price Elasticity of DemandPrice changes affect the way consumers live on a daily basis. Adjusting a budget to stay within our means is pivotal as prices of elastic and


1430 words - 6 pages Queensborough Community College Spring 2019 Intro to Criminal Justice Crim 101 Prof. Bridgett McMillan, Esq. Exam #1 Chapter 1 The Criminal Justice System MULTIPLE CHOICE 1. According to Cole and Smith, which of the following is NOT a goal of the criminal justice system? a. doing justice b. controlling crime c. preventing crime d. dramatizing crime e. all of these are goals of the criminal justice system ANS: D 2. The two justice systems in the

MBA560 UOP Week 3. Business Regulation

2809 words - 12 pages violation. (University of Phoenix, Week Three, rEsource. Enterprise Risk Web site)Values and Stakeholders:Alumina's main goal in this situation is to manage the crisis. The company's main objective is to prevent extensive losses, environmental and commercial, preserve Alumina's public image and abide by the pertinent environmental statutes.Large corporations affect the interests of many different groups in society, which are called "stakeholders

9/11 in plane site Documentary sociology review - Bridgewater state sociology - essay

598 words - 3 pages Free Matt Vincent Professor Owens SOC 101 9 September 2018 9/11 In Plane Site In this documentary Dave Von Kleist starts off by saying some people may reject this information or some may discredit the person who is relaying the information rather than listen and others will believe the information which was just showed to them and not be surprised. And reviewing any conspiracy theory documentary this is definitely the case with how the population

Story of Us is googling making us stupid the effects of the internet - Writ 101 - Essay

418 words - 2 pages Free Humna Ahmed Writ 101 Gregg Ott 1 November 2018 Dying Earth Living in the United States, we often tend to forget about the bigger issues that other countries are dealing with. Since we directly don’t see the extreme effects that hurting our environment can have on where we live. In the video “Story of Stuff” the narrator explains the bigger picture on how the “stuff” we buy has detrimental effects on cultures, societies, economies, and the