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Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense

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'Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense' by David Cay Johnston delves into the intricate web of government subsidies, tax loopholes, and corporate welfare that benefit the elite at the expense of the ordinary citizens. Johnston exposes how the richest individuals and corporations manipulate the system to amass wealth, detailing examples like Warren Buffett's tax deferment and Paris Hilton's inheritance tactics. Through a series of well-documented stories and analyses, the author reveals the extent to which the government caters to the wealthy, resulting in a skewed economic landscape that disadvantages the majority.

Johnston's writing style in 'Free Lunch' is characterized by meticulous research, compelling storytelling, and a critical examination of the intersection between politics and economics. presents a scathing critique of the current federal tax policies and government practices that perpetuate income inequality and favor the super-rich. By unraveling the layers of corporate greed, government complicity, and societal consequences, Johnston prompts readers to question the fairness of the system and advocates for transparency, accountability, and systemic change.

Writing/Prose:

The writing style is engaging and passionate, employing storytelling to convey well-researched facts and provoke thought.

Plot/Storyline:

The narrative highlights the exploitation of government resources by the wealthy through various stories of corporate welfare, particularly in sports and healthcare.

Setting:

The setting is primarily the United States, focusing on institutions, local communities, and the dynamics between government and large corporations.

Pacing:

The pacing is fast, combining stories and analysis to keep readers engaged while covering various issues.

Notes:

George W. Bush made $17 million from the Texas Rangers deal, while taxpayers funded the stadium.
CSX railroad cut inspection budgets, and victims' settlements were billed to AMTRAK.
Yankee Stadium construction involved seizing public parkland for private profit.
Owners of sports teams often pay little to no rent on public stadiums.
The U.S. has the most expensive and least effective healthcare system in the world.
Taxpayers subsidize businesses like Walmart, allowing them to charge less and edge out local stores.
Wealthy Americans capture government benefits, increasing inequality over the last few decades.
Hedge funds provide no real value but make a few people extremely wealthy.
Corporate welfare is rampant, with many companies avoiding taxes and even receiving subsidies.
Public funding is diverted from schools and parks to enrich the wealthy.

From The Publisher:

Free Lunch answers the great mystery of our time: How did our strong and growing economy give way to job uncertainty, debt, bankruptcy, and fear for millions of Americans? Acclaimed reporter David Cay Johnston reveals how government policies and spending have reached deep into the wallets of the many to benefit the top 1% of the wealthiest.

He shows exactly who has been getting free lunches from the government?from $100 million to Warren Buffett, to $1.3 billion to the owners of the Yankees and Mets. But of course there?s really no such thing as a free lunch. The taxpayer always picks up the bill. With his in depth reporting, vivid stories, and sharp analysis, Johnston reveals the forces that shape our everyday economic lives?and shows us how we can finally make things better.

 
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