You do know that about 90% of all millionaires are self-made, don't you?The Rich Get Richer, and They Have You to Thank, Says David Cay Johnston / Nov 19, 2010 /
The rich, thanks to government handouts, are getting richer at everyone else's expense. At least that's what David Cay Johnston claims in the book Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You with the Bill)
"This enormous growth of incomes at the top is not the result of market forces -- there's some market forces -- but it's largely the result of all these rules nobody knows about," he tells Dan and Aaron in this clip.
The problem starts with government subsidies, says Johnston, a Pulitzer Prize-winning journalist. States are spending around $70 billion on government subsidies, he estimates. That doesn't include the hundreds of billions more doled out in federal subsidies.
"Is that capitalism?," he complains. "Go compete in a competitive arena. Don't go to Washington and say 'give me money' either by saying 'I don't have to pay taxes' or forcing other people to pay taxes that go to me. Go earn your money in the marketplace."
Yep, and government needs to stop doling out subsidies to lazy people who will not go to work or to alcohol and drug abusers. People on welfare should not be allowed to use alcohol or tobacco and if they get caught using illegal drugs, the are off the welfare system! And if they can not take care of their children, they should have their children taken away and they should be spayed or neutered just like a dog or cat.