Rich People Get the Most Handouts
It's true. They're bums...the true welfare kings and queens.
Produced by Matt Beat. Music by Causmic.
Sources/further reading:
https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates
https://www.marketwatch.com/story/trump-could-stick-it-to-wall-street-and-silicon-valley-with-this-tax-proposal-e55804db
https://www.hoover.org/research/welfare-well-how-business-subsidies-fleece-taxpayers
https://www.businessinsider.com/avoid-capital-gains-tax-on-sale-of-home-2025
https://www.schwab.com/learn/story/deferring-taxes-on-investment-property-sale?utm_source=chatgpt.com
https://www.cbpp.org/research/federal-tax/corporate-lobbying-campaign-against-biden-tax-proposals-is-inaccurate
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Rich people get the most handouts
I know you’re rich and so you’re really offended right now so let me explain…
When most of us think about “handouts,” we usually think of direct aid to those struggling. Ya know, stuff like food stamps or public housing or financial assistance.
But rich people tend to benefit from INDIRECT handouts that are much bigger in scale.
First, rich people can afford the best accountants and lawyers to minimize the taxes they pay. Rich people often make money through investments, which are often taxed at lower rates than income. They can hide their wealth to avoid taxes. Heck, hedge fund managers can even claim income as capital gains so they pay less taxes.
Second, rich people often get subsidies, or direct or indirect payments from governments to private businesses. Governments often justify these subsidies as necessary to stimulate the economy and create jobs. However, these government lifelines often go to shareholders and executives first- not average workers.
Third, other than property taxes, most taxes favor those who own assets, and rich people own the vast majority of assets.
And finally, rich people can more easily lobby the government to shape the rules in their favor.
Basically, the rich get handouts in the form of tax breaks, policy advantages, and asset inflation. Not direct cash, but structural support that exponentially grows their wealth in the long run.
I’m sorry I offended you.