Subsidies of the Rich and Famousby Senator Tom A. Coburn
With families across the country struggling to make ends meet during these economically trying times, many are left with few
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Americans are facing tough times. Millions are still out of work. Wages remain stagnant, while health care costs, tuition, and other household cost continue to rise. Many homeowners owe more for their houses than they are worth.
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.
- BN ID:
- Senator Tom A. Coburn, M.D.
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- Barnes & Noble
- NOOK Book
- File size:
- 963 KB
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