Corporate welfare is MEANT to stabilize market volatility, prevent economic collapses, and encourage growth in certain sectors.
THESE PRACTICES END UP HURTING SMALL BUSINESSES …
and MAKE THEM LESS COMPETITIVE …
Bank of America: $3.5 trillion
Citigroup: $2.6 trillion
Morgan-Stanley $2.1 trillion
General Electric: $28.5-billion
Bechtel: $5 billion
Small businesses provide: 55% of jobs & 66% of net new jobs.
Since 1990, small business has beaten big business in job growth.
Big-business = 4-million-jobs
Small business = 8 million jobs
In 2014, private university endowments in the form of tax deductions totaled $550 billion
Stanford:received $18.6 billion