EWG.org has a list of billionaires from Forbes 400 richest Americans who are on the farm bill dole, and there are a lot of familiar names there. Check it out.
One in particular that jumps out is Obama Administration Secretary of Commerce Penny Pritzker.
Her farm bill dole came through her 18.57% ownership in Chicago Mill & Lumber Co which gobbled up over $1.6 million in farm subsidies from 1996 to 2006. Since part of that was during the previous administration I suppose Obama would blame it on Bush.
Penny Pritzker is supposed to have a net worth of $2.2 billion. And wasn't it President Obama who famously said some people make too much money and there should be a limit? That doesn't apply to his Chicago friends.
This came to us by way of Timothy P. Carney who observed:
Republicans talk about cutting welfare for the poor. Democrats talk about hiking taxes on the rich.
Here's a compromise: cut welfare for the rich. One place to start would be farm subsidies.
Right on.
Post script. The President himself:
I mean, I do think at a certain point you’ve made enough money.
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