Monday, February 2, 2009

Feeding Frenzy for the Rich

Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and StickYou with the Bill)

“If you’re concerned about congressional earmarks, hedge fund tax breaks, subsidies to sports teams, K Street lobbyists, the state of our health-care system, to say nothing of the cavernous gap between rich and poor, you’ll read this fine book—as I did—with a growing sense of outrage.” — John C. Bogle, founder and former chairman, The Vanguard Group

... how government policies and spending have reached deep into the wallets of the many to benefit the top 1% of the wealthiest.

“An engaging look at how the superrich consistently— and outrageously—rely on public handouts while preaching about free markets and wasteful entitlement programs all the way to the bank.” — Mother Jones

The U.S. government is serving out a free lunch, but, alas, it's a feeding frenzy for those already fat on cash cows. As big businesses continue to reap the benefits of government subsidies--many unnecessary and unjustifiable--Americans are throwing away billions of tax dollars every year to make these companies richer.

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