You may have heard there's no such thing as a free lunch, but David Cay Johnston says there is — and wealthy Americans do get richer because of it. Johnston is Pulitzer Prize-winning reporter and author of "Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill)."
This week's Word for Word featured David Cay Johnston's speech at the Commonwealth Club of California, in which he outlined how government-private sector collusion affects the middle class and the poor. Johnston says the government pays subsidies to some of the richest people in America, including the owners of the Wal-Mart chain:
"The Walton family are the richest family in America. They have more money than Warren Buffet and Bill Gates together. That's how rich they are and yet they are feeding at the public trough everywhere they can-- they are getting taxpayer dollars... So, how many hours are you willing to give up every week to give money to the Waltons? I'm not willing to give them one minute. This is how much I'll give them: zero."
What do you think? Do the wealthiest Americans deserve to "feed at the same trough" as those with less wealth? Should the very wealthy be taxed disproportionately higher than the rest of the country? Listen to this week's speech and share your thoughts below.
Word for Word