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Officials in Memphis, Tenn., offered subsidies to lure Ikea to the city. Local furniture stores understandably cried foul. Pictured: Customers wearing face masks wait in line to shop at Ikea in Carson, California, on July 4, 2020. (Photo: Robyn Beck/AFP/Getty Images) John Stossel is host of “Stossel” on the Fox Business Network, and author of “No They Can’t! Why Government Fails—But Individuals Succeed.” Today’s politicians want to spend more on everything: Amtrak subsidies, sports stadium subsidies, green energy subsidies, even fossil fuel subsidies.
President Joe Biden says the handouts will “put more money in your pocket.” House Speaker Nancy Pelosi claims they will “protect the planet for the children.”
They might. But a disproportionate amount of the money will end up in the hands of big companies—the ones with the most lawyers and lobbyists.
A new documentary, “Corporate Welfare: Where’s the Outrage?” gives examples of this. This week, my new video covers two of the worst.
First, tax “breaks.”
Memphis, Tennessee, has a program called the Economic Development Growth Engine, meant to entice new businesses to move to Memphis by giving them tax breaks.
The Growth Engine gave Swedish furniture maker Ikea a $9.5 million tax break. In exchange, Ikea agreed to create 175 new jobs.
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Local furniture sellers pushed back.
“What about us?” asks Ron Becker, owner of The Great American Home Store. “We pay taxes here. Where is our financial incentive?”Good question.Lower taxes would be a good incentive. But Memphis politicians can’t lower taxes when they’re giving big companies tax breaks.Such tax breaks are complex, so it’s big companies with plenty of tax accountants that generally get them.Memphis is “pitting these gigantic corporations who know the government and have tons of lobbyists against mom-and-pop shops in our community that we’re trying to save,” complains Mark Cunningham of the Beacon Center, Tennessee’s free market think tank. “You’re basically asking people to pay more tax dollars in order for their competitor to succeed over them.”“These are our tax dollars,” he adds. “We work really hard for them. They should go to things we need: essential government services, roads, schools, police, fire. … It’s just not the role […]
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker