THE MEASURE OF A MAN'S WORTH
by: S.R. Shearer
In 1997, Ford Motor Company took a U.S. taxpayer subsidy of $1.5 billion;
Chrysler, $966.2 million; General Motors, 899.5 million; Philip Morris,
$603.1 million; Berkshire Hathaway, $489.2 million; GTE, $441.2 million;
Mobil Oil, $439.6 million; DuPont, $388.5 million; Bristol-Myers Squibb,
$369.8 million; and Merck, $314.3 million. In addition, Archer-Daniels-Midland
received "corporate welfare" totalling $1.4 billion; Cargill,
$1.3 billion; Boeing, $1 billion; Citibank, $795 million; General Motors,
$240 million; Barrick Gold, $200 million; Philip Morris, $40 million;
Sea-Land Services, $31.5 million; Xerox, $6 million; Sunkist, $2 million.
If all this were added to the compensation packages of the top ten highest
paid CEOs in the country [($646.6 million) see article this page], the
tax breaks of ten of the largest corporations in the country ($6.4 billion),
and the "corporate welfare" another ten of the biggest U.S.
corporation have managed to wrangle for themselves, it would amount
to almost $13 billion.
Now its difficult sometimes for ordinary people to put these
numbers in perspective; but one way to do it is to compare all
this to the number of employees some of the top Fortune 500
companies have "downsized" (laid off) through "restructuring"
last year (a euphemism for shipping middle-class U.S. jobs overseas
to workers in the Third World for a bare fraction of what U.S.
workers were being paid): 129,090. If we were to calculate
that the average pay of the workers who were "downsized"
was $22,000, than the money thats going for corporate
welfare, tax subsidies, and CEO compensation would pay the salaries
of app. 548,000 such workers. Is all this really worth that
many jobs? If the answer is "yes," then democracy is a farce
and ordinary Americans aren't really worth that much except
to act as the maids, the butlers, the nannies and the chauffeurs
of the world's new CEOs.
- Calculated by the Institute of Policy Studies, based on the most
recently available annual corporate reports. Figures given are the
difference between federal tax paid in 1996 and the amount the company
would have paid at the statutory rate (if no loopholes are involved,
corporations pay 35% of their income in taxes). These ten are among
the top thirty most profitable U.S. corporations with tax breaks of
more than $300 million each.
- Compiled by James Shields of the Corporate Welfare Project. These
ten companies have received major federal subsidies, government-backed
loans or loan guarantees from various government departments and programs.
Figures are estimates only - exact welfare benefits per company are
difficult to measure.
We need your help to spread the word concerning Antipas Ministries and the
eschatological viewpoint it represents; WE NEED YOUR
HELP BECAUSE WE DO NOT "LINK" WITH OTHER SO-CALLED "CHRISTIAN"
WEBSITES which are, for the most part, "in the tank"
insofar as their loyalty to the United States is concerned
- a loyalty that has made them partners in the BLOODY
trail the American military has left in its TERROR-RIDDEN
rampage throughout the world, as well as making them partners
in the abject poverty that American corporations have
imposed on the peoples and nations the American military
machine has ravaged - A BLOODY, TERROR-RIDDEN RAMPAGE
THAT HAS TO A LARGE DEGREE BEEN CARRIED OUT IN THE NAME
OF THE "PRINCE OF PEACE." [Please see our articles,
"The Third World
as a Model for the New World Order," Inside
the American New World Order System" and "The
American Empire: The Corporate / Pentagon / CIA / Missionary
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