Other & All Private Industries

Overview: Superstores favored by preferential zoning, eminent domain and subsidies; internet retail sales favored over stores by tax exemptions; Professional Sports teams receive stadium subsidies and tax breaks; union laws create labor monopolies; higher taxes, tougher environmental regulations and high costs of inputs like health care and electricity favor foreign manufacturing monopolies; Domestic manufacturing monopolies receive trade barriers, local incentives and bailouts; larger companies in all private industry favored by tax loopholes, low interest rates, subsidies and burdensome regulations.

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(1) Other Private Industries

(a) Miscellaneous Manufacturing
Metal = primary metal mining/processing
Metal Product = fabricated, nonmetallic mineral, machinery
Other = clothing, sporting, toys, books, music, vitamins, coffee, pets, office
(b) Miscellaneous Wholesale/Retail Trade
Retail stores = general merchandise, department, superstores, chains, mass merchandisers
Specialty Stores = health and personal care
Other Retail = internet
(c) Services
(i) Professional = Legal, consultancy
(ii) Education = private schools
(iii) Lodging = hotel, motel
(iv) Recreation = movie, acting, music, arts, sport, museum, amusement, gambling
(v) Miscellaneous Services = cleaning

10b14792303608411.jpg (2) Regulations favoring monopolies 

In THESE OTHER industries, Federal, state and local governments favor monopolies

> large retail stores (e.g., Walmart) granted preferential zoning, eminent domain, subsidies
> internet (e.g., Amazon) granted preferential sales tax exemptions
> sports leagues (e.g., NFL) granted antitrust exemptions, stadium subsidies and tax breaks 

In MANY IF NOT ALL industries, Federal, state and local governments favor monopolies or large businesses with:

> preferential tax loopholes
> corporate welfare
> burdensome regulations = environmental, safety, health
> economic development incentives = cash or near-cash assistance are provided by on a discretionary basis
> Industrial revenue bonds and Industrial enterprise direct/subsidized loans
> Tax increment financing = improvements in public infrastructure or private development are financed based on the expected future revenue that will be generated by the increased property value
> Site advantage = free land, buildings, exemptions from local and state regulations, and other customized services
> Tax incentives = e.g., tax breaks, property tax abatement, corporate income tax credit, and sale tax exemptions
> Public utility rate break = water, electricity
> City projects/Infrastructure improvements = improve functions of the area and quality of life factors 

> the Federal Reserve promotes even more monopolization by artificially stimulating the economy (whose growth is suppressed by monopolies) with easy credit at low interest rates that increases preferential lending from the big banks to big businesses, inflates asset prices, including stocks, and encourages financial engineering including buyouts, mergers and acquisitions

> US government regulations (e.g., trade agreements) have allowed foreign governments to favor their manufacturing monopolies with weaker (unsustainable) environmental regulations, weaker intellectual property laws, subsidies and perhaps currency manipulation

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(3) Monopolies are leading to economic problems, including history  

While most Americans suffer through high tax rates, especially small business, those that can buy politicians, like the wealthy and big business, enjoy among the lowest taxes in the world through tax credits and other loopholes offered for locating overseas

Incentives do not generate new businesses or jobs (but simply move them), and increase corruption. 

Some policies have led to higher costs and loss of manufacturing industries 

(4) Economic problems can be solved by deregulation reform 

> reform zoning and eminent domain
> abolish preferential tax exemptions while reducing corporate tax rate from highest in world
> abolish corporate welfare (e.g., Google)
> abolish subsidies
> abolish or equalize environmental laws for air and water pollution that can move across borders
> discontinue domestic bailouts
> abolish burdensome regulations
> prohibit Federal Reserve from manipulating interest rates
> prohibit import and export tariffs
> negotiate better trade agreements

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