#michael mcauliff

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Subsidies of the Rich & Famous!!

With families across the country struggling to make ends meet during these economically trying times, many are left with few options so they are turning to the government – some very reluctantly – for assistance.  The government safety net has been cast far and wide, with almost half of all American households now receiving some form of government assistance. But most taxpayers will be asking why when they learn who is receiving what. 

From tax write-offs for gambling losses, vacation homes, and luxury yachts to subsidies for their ranches and estates, the government is subsidizing the lifestyles of the rich and famous.  Multimillionaires are even receiving government checks for not working. This welfare for the well-off costing billions of dollars a year – is being paid for with the taxes of the less fortunate, many who are working two jobs just to make ends meet, and IOUs to be paid off by future generations. 

This is not an accidental loophole in the law.  To the contrary, this reverse Robin Hood style of wealth redistribution is an intentional effort to get all Americans bought into a system where everyone appears to benefit. 

 “Everybody can have a free lunch,” explains Howard Leikert, supervisor of school nutrition programs for the Michigan Department of Education, where a new federal program is providing all students, regardless of their families’ incomes, free school meals in select areas. 

But not everyone can have a free lunch.  Ultimately someone must pay for each of the lunches being given away.  Furthermore, not everyone needs a free lunch. The real result of serving everyone a piece of the pie is less is leftover for those truly in need.

Quotation taken from Subsidies of the Rich & Famous, A Report by Tom A. Coburn M.D., U.S. Senator from Oklahoma.

Read the entire report in PDF format provided by Huffington Post.

http://big.assets.huffingtonpost.com/SubsidiesoftheRichandFamous.pdf