by Portfolio Hardcover
| Average Rating: |
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| Sales Rank: | 13760 (lower is better) |
| Price Used: | $6.76 |
| Shipping: | Free Shipping on most orders over $25* |
| Availability: | Usually ships in 24 hours |
| Label: | Portfolio Hardcover |
| Pages: | 352 |
| Binding: | Hardcover |
| Publication Date: | 2007-12-27 |
| Published By: | Portfolio Hardcover |
| ASIN: | 1591841917 |
| Category: | Book |
Authors
Editorial Reviews and Product Descriptions
Product Description
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.
Customer Reviews
Read in small doses - Reviewed on 2008-08-11
1 customer found this review helpful.
This book is probably best read in small portions, as the average person will become incensed at the greed that takes from the less and gives to the more. Fortunately, each chapter covers a specific rip off of the taxpayer, and is not too long. It might raise the blood pressure of the average person to read too many chapters at one time.
Yes, the wealthy and connected have rigged the system to flow the riches to themselves.
If there is one theme to the book, it is the Adam Smith's advice that government should not favor one endeavor over another is deaf to the people that continually use Adam Smith as the reason for government getting out of the way. It is not free enterprise when government takes one side, which is what the wealthy and well connected have the government do.
A good companion is Hostile Takeover by David Sirota (available on Amazon Kindle).Hostile Takeover: How Big Money and Corruption Conquered Our Government--And How We Take It Back
His prior book, Perfectly Legal, is a good primer, although a bit dated as to how the wealthy avoid taxes. In Free Lunch, it is how the wealthy get subsidies. Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat Everybody Else
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Book Subjects
- Business & Management
- Business Ethics
- Economics
- POLITICS & GOVERNMENT
- Social groups & communities
- Contemporary Economic Situations And Conditions
- Social Stratification
- Business & Economics
- Business / Economics / Finance
- Business/Economics
- Business & Economics / Government & Business
- Government & Business
- Subsidies
- United States