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YOUR Welfare State!
It's not just for the poor anymore!
http://www.nationalreview.com/corner...onique-de-rugyWho Wants to Subsidize a Millionaire?
By Veronique de Rugy
While I don’t think that millionaires should be targeted, as a group, for tax increases, I don’t think the government should be giving away money to them, either. It’s stunning how little attention is paid to the absurdity of government spending taxpayer dollars on millionaires and billionaires. I had been meaning to look into just how much the government is giving away to high-income earners, but I never got around to doing it. Thankfully, Sen. Tom Coburn just produced a new report called “Subsidies of the Rich and Famous,” which shows that over $9.5 billion in government benefits have been paid to millionaires (defined as having annual gross income, AGI, of at least $1 million) since 2003.
The report also highlights that millionaires borrowed $16 million in government-backed education loans, and that “on average, each year, this report found that millionaires enjoy benefits from tax giveaways and federal grant programs totaling $30 billion. As a result, almost 1,500 millionaires paid no federal income tax in 2009.”
Some of the subsidies for millionaires include:
● $316 million in farm subsidies;
● $89 million for preservation of ranches and estates;
● $75.6 million in residential energy tax credits; and
● $7.5 million to compensate for damages caused by emergencies to property that should have been insured.
Read the full report here.
YOUR Welfare State!
It's not just for the poor anymore!
Tom Coburn fans? o?
I've had this feeling for many moons now tbh.
Y'all are clearly just jealous of their success.
If we don't give tax breaks to millionaires, then they won't continue to invest in business opportunities here in the states!!!
Oh wait. They don't do that anymore, you say? We're subsidizing businessmen to set up all their factories in China for lower priced gear that we can't afford because we don't have jobs because they're setting up all their factories in China? Never mind then.
Along with Sen. Coburn and the class warriors over at NR. Yep.
Surprised he broke party lines and didn't call them "job creators"...
Admitting your bias?Surprised he broke party lines and didn't call them "job creators"...
Millionaire freeloaders are apparently ok with board critics of the welfare state. As a beloved history teacher of mine loved to say, silence implies consent.
Why, people like me have said on several occasions, no subsidies.
Are you contending that ever time something like this comes up, those of us who have voiced the sentiment before, must express it again?
You must be more forgetful than me.
Another thread. Of course.
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