Tag Archives : taxpayer


“On average, each Fortune 100 company received about $200 million in (taxpayer funded subsidies.)”

  Source: http://www.againstcronycapitalism.org By Editor “On average, each Fortune 100 company received about $200 million in (taxpayer funded subsidies.)”     Think about that. On average each of the largest 100 companies in the world receives $200 million from the US taxpayer, each year. Some more than others of course. This is not capitalism. This […]

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Black Budget Spending with CAFR Expert WALTER BURIEN

  Black Budget Spending with CAFR Expert WALTER BURIEN     Produced by NextNewsNetwork Published on Mar 6, 2014 Every year, the Federal Government spends trillions of dollars. Budgets of states, counties and cities also put out vast sums of money for goods and services. Official agencies are required to document their spending, so these […]


Audit: School employee used nearly $500,000 on iTunes, jewelry

  Source: http://tennessee.watchdog.org By Chris Butler Audit: School employee used nearly $500,000 on iTunes, jewelry   A former Alcoa City School District employee who oversaw federal funds took nearly $500,000 in taxpayer money to use for herself, according to an audit Tennessee Comptroller Justin Wilson released Tuesday. The former employee spent the money on her […]

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Probably not Wall Street renting this one.

Your new landlord lives on Wall Street

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino Your new landlord lives on Wall Street     In the wake of the housing crash, wide swathes of the desert Southwest, Florida, Atlanta, parts of California, and other places were littered with relatively new homes which were empty. The pre-seeded lawn turf often hadn’t even taken root before […]


Will GOP lawmakers do anything about the “Too Big To Fail” bank subsidy? Probably not.

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino Will GOP lawmakers do anything about the “Too Big To Fail” bank subsidy? Probably not.     Dave Camp in the House and David Vitter in the Senate are looking to address the implicit subsidy granted to banks designated as too big to fail. These banks are able to […]

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Okay Mr. President, you want to talk about “inequality”? Let’s talk about it.

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino Okay Mr. President, you want to talk about “inequality”? Let’s talk about it.     I woke up this morning to Steve Liesman on CNBC explaining the theme of tonight’s State of the Union Address. You see, since 1980 middle class wages have only gone up only 50% in […]


Government Motors cuts the price of a new Volt 1

Source: http://www.againstcronycapitalism.org By Nick Sorrentino Government Motors cuts the price of a new Volt   According to the Mackinac Center at one point in 2011 every Volt one saw on the road had over $200,000 taxpayer dollars in it. Now that they’ve made a few more we are confident that the number is lower, thank […]

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Detroit Red Wings Get New $400 Million Taxpayer-Financed Stadium While the City Goes Bankrupt

Source: http://libertycalling.net Posted by Judy Morris Detroit Red Wings Get New $400 Million Taxpayer-Financed Stadium While the City Goes Bankrupt     ….. we just got some breaking news that the Michigan strategic fund has decided to issue $450 million in bonds for a new stadium for the Detroit Red Wings, 44 percent of which […]


IRS Execs “Commute” via plane, Charge taxpayers for flights (3 over $100K last year)

Source: http://www.againstcronycapitalism.org By Nick Sorrentino IRS Execs “Commute” via plane, Charge taxpayers for flights (3 over $100K last year)     One would think that to be an executive at the IRS one would at the very least have to reside generally in the Washington DC region. But not so. Some top IRS brass live […]


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Lawmakers and aides leaving Capitol Hill because they will be forced into Obamacare 1

Source: http://www.againstcronycapitalism.org By Nick Sorrentino Lawmakers and aides leaving Capitol Hill because they will be forced into Obamacare     Currently congresspeople and their staffs have 75% of their premiums paid for by the taxpayer. The plans they enjoy are also top notch. Top top notch. But because of the way Obamacare was written, the […]