Some Americans actually make a living … begging for money. Professional panhandlers, they’re called, sometimes making more than $100 in a day. I tried it in Manhattan, and made over $11 in one hour—that would be $23,000 a year—tax free!
It’s a small example of why some said that the USA is turning into a nation of freeloaders. The Manhattan Institute’s Heather MacDonald says that beggars she’s encountered “have the most deep-seated sense of entitlement that I’ve ever come across.”
From those defaulting on their home mortgages, to those who see lawsuits as a lottery ticket, many Americans live off the hard work of others.
I look at how government turns people into freeloaders Did you know that any black person who has farmed or “attempted to farm” can collect $50,000 from the Federal government? “Attempted to farm could mean anything,” says black farmer Jimmy Dismuke, “My little three year old grandson could attempt it.”
We’ll introduce you to a woman who hasn’t paid her mortgage in 25 years… and doesn’t ever intend to. I confront the founders of “youwalkaway.com”, a website dedicated to advising people on how to walk away from their home mortgages .
Some of America’s biggest recipients of handouts are rich people. The biggest corporate freeloaders may be the biggest industrial corporation in the world: General Electric.
General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness. Before that, Immelt was on Obama's Economic Recovery Advisory Board. He's a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?)
I'll also reveal some of my own freeloading. Federal flood insurance is a freebie for those of rich enough to have waterfront property, I collected on that. People like Bon Jovi and Bruce Springsteen take advantage of tax benefits that are supposed to help farmers.
Is America becoming a nation of freeloaders? Tune in tonight at 10pm ET. Re-airs Sunday at 9pm & Midnight ET.