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WASHINGTON -- Millionaires are receiving billions in taxpayer-funded support every year that helps them pay for everything from child care to bad debts to boats and vacation homes, according to a report released Monday by Sen. Tom Coburn.
People who individually earned more than a million dollars in 2009 even managed to collect a total of nearly $21 million in unemployment insurance.
"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," wrote Coburn, an Oklahoma Republican, in an accompanying letter. "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."
Calling the giveaways "sheer Washington stupidity," Coburn detailed in the study more than $30 billion a year that comes out of the U.S. Treasury to aid people who make more than a million a year.
Coburn is a rare breed of Republican - a pragmatic fiscal conservative, who may stray into neocon territory (Patriot Act, usually unequivocal support of military projects), but at other times surprisingly centrist with a good common sense toward the budget (even stood up to Norquist). If more republicans were like him and saw the fallacy of Washington politics that continually favors the wealthy then there's hope yet.
Originally posted by TheOneElectric
reply to post by illuminatislave
You can go ahead and call out their names.
I believe one of them shares a name with a very famous character from the movie "The Matrix."
Haha, I kid. Don't start a political # storm on ATS. We are not GLP.
About the article, it's further confirmation that old money stays old money.
We're all just their source of labor. Accept it, or don't. I couldn't care less.
Originally posted by illuminatislave
Where are the people that always complain about poor people on welfare, and elderly people on SS?
You we have rich pigs gaming the system. Where are the complainers who swear that the poor is destroying this nation? The ones that want to kick a father of two off of unemployment, but bite their tongues about this?
Hypocrites.