Free Lunch

Free Lunch

How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill)

Book - 2008
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The bestselling author of Perfectly Legal returns with a powerful new exposé

How does a strong and growing economy lend itself to job uncertainty, debt, bankruptcy, and economic fear for a vast number of Americans? Free Lunch provides answers to this great economic mystery of our time, revealing how today?s government policies and spending reach deep into the wallets of the many for the benefit of the wealthy few.

Johnston cuts through the official version of events and shows how, under the guise of deregulation, a whole new set of regulations quietly went into effect? regulations that thwart competition, depress wages, and reward misconduct. From how George W. Bush got rich off a tax increase to a $100 million taxpayer gift to Warren Buffett, Johnston puts a face on all of the dirty little tricks that business and government pull. A lot of people appear to be getting free lunches?but of course there?s no such thing as a free lunch, and someone (you, the taxpayer) is picking up the bill.

Johnston?s many revelations include:
? How we ended up with the most expensive yet inefficient health-care system in the world
? How homeowners? title insurance became a costly, deceitful, yet almost invisible oligopoly
? How our government gives hidden subsidies for posh golf courses
? How Paris Hilton?s grandfather schemed to retake the family fortune from a charity for poor children
? How the Yankees and Mets owners will collect more than $1.3 billion in public funds

In these instances and many more, Free Lunch shows how the lobbyists and lawyers representing the most powerful 0.1 percent of Americans manipulated our government at the expense of the other 99.9 percent.

With his extraordinary 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.

Publisher: New York : Portfolio, 2008.
ISBN: 9781591841913
1591841917
Branch Call Number: 338.973 Johnston 1/2008
Characteristics: viii, 323 p.24 cm.

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StarGladiator
Oct 20, 2014

A short time ago Mr. Johnston, whom I have long respected for his exemplary financial and tax research, came to Seattle's Town Hall and wowed everyone, especially me! I have always been frustrated in the past with Mr. J., great with the details, but not quite getting the Big Picture yet! This time he has truly evolved big-time, and understands that the super-rich do not show up on the Forbes rich listing and that it doesn't work to contact your congress crook! God bless him! [Now if only the fools would stop paying attention to bank lobbyists Krugman, Princeton, and Reich, UC, who both still support the offshoring of America through more free trade agreements!]

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GaryL1
Jul 13, 2013

David Cay Johnston is a Pulitzer Prize-winning investigative journalist and author of The Fine Print: How Big Companies Use "Plain English" to Rob You Blind, Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich—and Cheat Everybody Else and Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You with the Bill). He is a visiting lecturer at the Syracuse University College of Law and Whitman School of Management.

Jool62 Oct 28, 2011

Everyone should read this book. Shows how big box stores like WalMart operate and use tax payers monies in subsidies given to them by local government. The only ones who save more, live better are the Walton family. They are also amongst the lowest group to make charitable contributions. Healthcare plans run as big business where CEO's make millions and many Americans are not able to afford any form of healthcare plan. Quite the eye opener.

m
mwhitt
Feb 03, 2010

Save this book for request for later date.
Excellent if upsetting read

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