Reason has an excerpt from John Stossel's latest book. In the article, Stossel highlights many egregious examples of welfare for the wealthy, including himself, some farmers, ADM and more. He also exposes eminent domain for what it often is: a scam perpetrated by some officials to bypass property rights.
Federal flood insurance payments are like buying drunken drivers new cars after they wreck theirs. I never invited you taxpayers to my home. You shouldn’t have to pay for my ocean view.
Yes, some farmers have a tough time. Some will go broke and lose their farms. That’s sad. But it’s also sad when people at Woolworth’s or TWA lose their jobs. Letting businesses fail is vital for the creative destruction that allows the market to work. Those who fail move on to jobs where their skills are put to better use. In the long run, it makes life better for the majority.