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Celebrities are quick to use obscure tax dodges and here are two examples. >> bon jovi who owns acres of land in new jersey, but pays only $100 in state property tax. because he raises honey bees to qualify for a honey bee subsidy. bruce springsteen owns hundreds of acres of land, but pays little tax on it because an organic farmer works his land. his poor neighbors pay more. >> im not against anyone trying to lower their tax burden, but if you are bon jovi and you are bruce springsteen and you ...
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>> and now john spos el. >> there are three-ways to help people who need help. government can try to do it give people money, start programs. charities do that, too. they are better at teaching people how to sell teach a man to fish. theres a third way the best way i will get to that later in the show. first lets debate the first two. when i was in college johnson declared an all out war for human poverty. i believe in them and then i watch his poverty programs create pore poverty. they spent tr...
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Programs. not just food stamps. if you add up all of the poverty programs excluding social security. it comes up to $22000 for every poor person in america. why not just get rid of the bureaucracy and cut them a check. >> we could have a great idea and debate. going back to food stamps and the idea of government promoting that. we have a farm bill that proposes four billion in cuts to the food stamp and the agricultural committee chair woman said they would be more open to cutting back more. >> ...
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I watched as it created a poverty industry lots of victims and bureaucrats who specialized in sucking money out of washington, d.c. over the years most poor people stayed poor. they are still poor. how can that be when we spent so much on poverty programs. >> this year we will spend $1 trillion and over the next decade welfare spending will top $10 trillion. >> that video was made by the republican study committee a group of congressmen worried about governments sending the committee chairman is...
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Jobs and they dont have an income and cost of living in many cases continue to rise over the period, david. and so the poverty rate is the worst in the depths was a recession. the poverty rate declines >> we all agree. >> we all agree on that. we have spent a lot on anti-poverty and we have cut poverty programs, except maybe the of the most recent. and (talking all at once.) >> they are supporting the reagan economic policiless as a way to get the economy going. we heard him say that. >> i am ...
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The poor to prosperity. they cant. in 1965, the poverty rate in this country stood at 14%. now, after untold trillions have been spent fighting poverty, the poverty rate is 14.3%. amazing, is it not? the conclusion, america is bankrupting itself with an entitlement philosophy that does little. and thats the memo. now for the top story tonight, according to a consulting firm mackenzie and company, 20% of american men ages 25 to 64 are currently not working. thats up 13 points since 1970. if the s...