Perhaps my use of "corporations" was too broad and/or too vague. Let's change it to "the people who run the corporations" -- the 1%. They are reaping all of the rewards of increased productivity, and while their personal wealth climbs, the real wages of the "citizens" who are employed by the "corporations" pay for their bosses through picking up the tab (
Pro-Austerity CEOs Rake in Taxpayer-Subsidized Pay - IPS).
Let’s talk about those “shareholders” you brought up. Who are they? Increasingly, they are the very same senior executives that I spoke about in the previous paragraph. (
How the rich devoured the American corporation — and what we can do about it). So, while those 1 percenters are providing this valuable service to the “citizens”, they are doing so to further enrich themselves. Because they are allowed to deduct unlimited amounts of executive compensation from their taxes if it is based on “performance.” So, these guys have the system rigged so that their employer has an incentive to pay them ungodly amounts of money, because that money via stock options and other performance bonuses lowers the overall tax burden of the corporation. Lower tax burden, means more for shareholders – who are also the same corporate executives who are receiving massive salaries.
Lets not forget that these are the guys who as CEOs decided it was much better to ship all of the nation’s manufacturing jobs overseas to nations that allow borderline slave labor at the expense of the people who worked in their factories for decades. Who profited from this? The shareholders. They are the same people who made the decisions that hurt American workers and their families, and the communities they lived in.
Meanwhile, salary and benefits decline for typical workers. When I was a young man, the plan for all of us was to land a decent job, work hard, save enough money to send our kids to school someday, and then retire on a combination of Social Security (which is now at risk) and pension (Only 10 percent of Americans have pensions today). For a rapidly growing number of people, that is looking like a pipe dream. Real wages are dropping for everyone but the richest Americans, and it is only getting worse.
How did we get here? These same corporate bosses who have double dipped to excessive wealth, are not satisfied. They send their lobbyists to Washington to grease the skids for new and more complex ways to rig the system further in their favor. They throw bags of money at corrupt politicians to bend them to their will, and we wind up with laws that perpetuate the problems. Welcome to the new Gilded Age. We are regressing as a country when the American Dream is no longer within reach of the average citizen, and only within the grasp of the wealthy. Piece by piece, the things that made this country thrive are under attack or being stripped away bit by bit (Social Security, the social safety net, sensible minimum wage reform, union viability, public education, etc., etc. etc.) And God forbid any new helpful benefit becomes available to the average citizen without being met with fierce criticism, contempt or open political rebellion (see Obamacare).
I get your whole premise that corporations are people, but that is just word gymnastics to distract, to get everyone to take their eye off the ball. We are becoming an oligarchy. These subsidies are only a small piece of a big and horrible puzzle brought to you by the ultra rich dicks who are ruining this country for everyone.