From tax write-offs for gambling losses, vacation homes, and luxury yachts; to subsidies for ranches and estates, billions of your tax dollars are supporting the lifestyles of the rich and famous. And a new report from fiscal conservative Sen. Tom Coburn (R-OK) counts the ways.
Read Sen. Coburn's report
Entitled "Subsidies of the Rich and Famous," Coburn outlines billions for millionaires: $74 million in unemployment checks, $316 million in farm subsidies, $9 billion in retirement checks and more. Overall,
Coburn says millionaires have received $9.5 billion in government benefits since 2003, and borrowed $16 million in government-backed education loans for college.
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I remember a story about Bobby Durst,a New York billionaire who lived on food stamps and welfare traveling the US killing people.Thats our tax dollars at work!
ReplyDeleteThe government is designed to serve the rich people.
ReplyDeleteThe pennies they give to poor Americans is intended to support their drug trade and emasculate the poor.
736-The poor Americans are the biggest burden on our Federal/State/Local gov'ts. They take more then any other group, and contribute the least. Then they cry and blame those that pay the bills.
ReplyDelete