How U.S. Taxpayers Fund The World's Most Profitable Corporations

By David DeGraw

May 13, 2018 "Information Clearing House" - 

 We were trying to think of an issue that could possibly be more significant than $21 Trillion in taxpayer money disappearing from the Pentagon. While it is very hard to fathom something more significant than $21 Trillion, the only thing we could come up with is the lack of Return on Public Investment that American taxpayers get…

As American taxpayers, did you know that we have been major investors in many of the world’s most profitable corporations?

Yes, significant Research & Development of technology, done by the Pentagon through our public investment via taxpayer funding, has been handed over to global private corporations and foreign countries, for their profit.

Global weapons manufactures, foreign countries and most of Silicon Valley’s largest companies have been gifted trillions of dollars worth of technology, at our expense, for their profit.

Meanwhile, instead of having state of the art infrastructure and paying significantly less in taxes, our taxes increase, our infrastructure is collapsing and social services are getting cut, as our National Debt skyrockets to an all-time high.Instead of having a record-breaking surplus, we are trapped in a debt death spiral.

Here is a section from our War Profiteers report that covers this incredible swindle and gives a few examples…

Return On Public Investment
In addition to the looting of our natural resources, various taxpayer-funded public investment initiatives, such as military spending in general, which has been a significant source of Research and Development for Global Private Military Companies’ and Silicon Valley’s profit, return very little to U.S. taxpayers.
For one of many examples, when foreign countries purchase weapons from U.S. military companies, a scandalously small percentage of that money goes back to the Defense Department and U.S. taxpayers to cover the costs of developing those weapons. To make matters even worse, the percentage that is supposed to go back to U.S. taxpayers is often waived.
Based on a recent Government Accountability Office (GAO) report, from 2012 through 2017, the Pentagon approved $9.2 billion in waivers, which were supposed to be given back to U.S. taxpayers, on weapons sales to foreign countries.
$4.5 billion of those waivers were from last year alone, up from roughly $500 million in 2016. Out of the $4.5 billion from the past year, the primarily benefactor was Saudi Arabia, with $3.5 billion in waivers.
In other words, Saudi Arabia owed U.S. taxpayers $3.5 billion last year. However, the Trump Administration agreed to waive those costs – just as the Obama Administration had done for billions of taxpayer dollars during his presidency.
If you are a stockholder in Lockheed Martin or Boeing though, don’t worry. They’re still getting paid in full.
When it comes to the U.S. taxpayer’s Return On Investment, the $9.2 billion lost to foreign countries in weapons sales is a small percentage of what is lost to Global Military Companies and Silicon Valley overall.
While we’re at it, let’s add in the Federal Reserve’s $4.5 trillion Quantitative Easing scheme, which allows them to retain profits that should be given back to the U.S. Treasury.
These examples are just the tip of the iceberg. There are many other corporate welfare schemes that redistribute wealth from hardworking Americans to the richest 0.01% Global Interests.
Global corporations have made off with trillions of dollars in U.S. taxpayer investment. At this point, individual Americans shouldn’t even have to pay taxes. The return on decades of public investment into the world’s most profitable Global corporations would be enough to fund the government and state of the art infrastructure nationwide.
Unfortunately, due to outrageous corruption, this is not the case – and due to extensive propaganda, this isn’t even considered by the public.
Instead of having a record-breaking surplus, we now have an all-time high deficit.

The Ongoing Pentagon Audit

With the first ever full-scope audit of the Pentagon happening now, not only can we get a much better understanding of where over $21 trillion in unaccounted for money has disappeared to, we can also get an in-depth view of how our taxpayer-funded Research and Development of technology has been stolen by global private corporations.

It is strategically vital that we raise public awareness and support for the first ever full-scope audit of the Pentagon, which is happening now.

One of the biggest critics of mind-blowing accounting fraud at the Pentagon has been Senator Chuck Grassley. As fate has it, he is now the Chairman of the Senate Judiciary Committee. If we can rally public support around this issue, he will hold hearings, and we have a solid chance to get a Frank Church-style Congressional Committee very soon.

We cannot overstate the strategic importance of us pounding on this issue now.  To the small number of you reading this post right now, it is up to us. If we don’t make this issue a major priority right now, who will?

The mainstream media’s total blackout on coverage of the Pentagon Audit is the ultimate example of the absolute death of journalism in this country.

We’ve received support on this issue from veterans and active-duty soldiers, former and current Intelligence Community officials, accountants and economists, conservatives and liberals, cutting across the entire political spectrum.

People who understand what is happening with military spending, and care about the future of this country, agree on this issue.

What is happening with military accounting cannot be defended. The evidence is overwhelming!

This is our chance to drop a bomb into the heart of the Death Star and blow this issue up.  We can blow this issue wide open and strike at the very root of corruption.

We need to stop the looting of our tax dollars and the all-out plunder of the U.S. Treasury.

For more information on this mind-blowing issue, here’s a recent radio interview that David DeGraw did with Max Keiser and Stacy Herbert:

This article was originally published by "Change Maker Media"-  

http://www.informationclearinghouse.info/49406.htm