Richest People in America Received Over $11 Million in Government Subsidies [1]

 

Intellihub - 12/17/13, John Vibes

50 billionaires received over $11 million in government subsidies, including David Rockefeller, the Walton Family, Charles Schwab and others.

Last month it was revealed that a number of billionaires received government welfare in the form of farm subsidies.  David Rockefeller was among the dozens of billionaires working the system for government subsidies, taking over $11 million of tax money.

The report, released by the Environmental Working Group revealed that the federal government paid $11.3 million in taxpayer-funded farm subsidies from 1995 to 2012 to 50 billionaires or businesses in which they have some form of ownership.

The billionaires who got the subsidies have a collective net worth of $316 billion, according to Forbes magazine.

According to the report, David Rockefeller received $563,715 in corn, soybean, wheat, oat, sorghum and other farm subsidies from 1996 to 2006.

The full list can be viewed below:

More: Intellihub.com [2]