- cross-posted to:
- politicalmemes@lemmy.world
- cross-posted to:
- politicalmemes@lemmy.world
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some notes, the 2Bil may be misinformation, but I will instead ignore that and just use the subsidies to the oil industry.
We could give every single human living in the US (even babies) that $1500 and it would be 130b cheaper than oil subsidies according to forbes.
We could give every household in the US (127,482,865 according to US census) $5,100 for what we spend on oil subsidies yearly.
Please note those numbers are from 2015 so its likely much higher now, but a quick google didn’t give me exact numbers for the US and I’m too lazy to go into that. (it would likely be closer to $7000 per household)
Right, but Shell spends that money and that stimulates the economy.
Bob sticks those food stamps in his investment account and sits on them until one of his execs gets caught doing something highly illegal and needs a $100mil early retirement package.
Selfish Bob.
Edit: /s in case it’s not obvious that I swapped the names “Bob” and “Shell”
And shell uses that 2 trillion to lower the price for consumers.
Bob gives all his money to the company execs.
lower the price for consumers
😂
Trillion? Lol, math.
Guess which one Elon’s “Department” of Government Efficiency wants to cut!
Goober Nation has no problems with “socialism” when those government handouts benefit a billionaire.
Maybe when 80% of this nation is living in Trumpville tent cities, people will finally stop voting for, “Punch me in the dick repeatedly.”
But… but… Bob might use some of that money to buy cigarettes!
It would take 1.33 million bobs to equal the same cost that shell takes in. Each bob has a family of roughly 4 including bob, feeding 5.33 million people. The kids in the family are able to pay attention in school bc they are well fed and bob is able to hunt for a better job since he doesn’t have two jobs to make sure his family doesn’t starve.
Shell is definitely worth the expense, plus Exxon, and even non oil companies like spaceX/Tesla subsidies that are rarely generating value for the taxpayers who funded it.
Bobs family is not fed well on $1500/yr
<$200/mo groceries for a family of 4?
It’s 1500 extra which can help make ends meet
but they could pay thier workers and stimulate the economy, I mean that’s why they get the money, it’s called trickle down economics.
Do they do that, no.
Does it work…no.
(Sarcasm)
It went from bribery to “trickle down economics” and now I think they call it the cost of keeping business.
Also, Bob can’t use the restroom at Shell.
What About Bob? is a great movie BTW.
Baby steps
Its 1.7 billion in tax exceptions. Given how much politicians love to argue tax deductions and negative tax rates are handouts to normal folks, I’ll count those as handouts to oil companies.
It says exactly what they claim it does:
Good Jobs First, among other things, serves as a watchdog for government subsidies, and maintains a database of subsidies and tax bonuses awarded to companies. Of note is the page for Royal Dutch Shell…The value presented on the page for RDS is $1.725 Billion…
Why stop the quote there?
$1.65 Billion, or 95.7%, comes from a single deal with the state of Pennsylvania for a tax-credit to build a massive petrochemical plant there.
The tax subsidies are a summation of all subsidies since 2003, not per year as the image claims.
The image tries to link federal SNAP benefits to total tax benefits for RDS. Of the $1.725 Billion listed on the page for RDS, total federal tax benefits account for $4.9 Million, or 0.2% of all total tax benefits.
Why stop the quote there?
Because none of that information contradicts the statement, “Its 1.7 billion in tax exceptions,” so the rest of the quote was irrelevant information.
Most of the data seems to be accurate but there are so many links in there that don’t exist anymore (at least in the top reply).
But how many millions of people and countless ecosystems does Bob kill?!??
Shell is a British company, isn’t it? The British government subsidies them?
No numb nuts, It’s an international company , meaning it has to abide the laws of multiple governments and pay taxes To multiple governments.
And sorry for Calling you numb nuts.I just wanted to say numbnuts.
Ah, that makes sense. Thanks noodle brain.
I like how well you chucklefucks are getting along ☺️
A regular bunch of lolly_gaggers.
