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Thread: $2M Michigan lottery winner defends use of food stamps

  1. #11
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    Re: $2M Michigan lottery winner defends use of food stamps

    Quote Originally Posted by Kandahar View Post
    Meh, in order to "do things right" they'd probably have to look at everyone's assets in addition to their income. Since there aren't that many lottery winners out there, I doubt it's worth the hassle to weed out a few people like this guy.
    Of course assets should be considered. There are millions of people who have their income structured in annuities (retirees, especially) who do so with the intent of getting as much aid as they can qualify for. I know two people personally who have over $500,000 in assets, earn tax-free money from muni bonds, and get free Medicare. Absolutely ridiculous. And if they see this article, they'll be checking' out food stamps.

    Honestly, the politicians who failed to close this silly loophole are probably costing their state plenty. They should be ashamed.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: $2M Michigan lottery winner defends use of food stamps

    Quote Originally Posted by spud_meister View Post
    You've never met my local government, they make the federal government look almost competent.
    Then you and your neighbors have the power to do something about it. Not so in DC.

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    Re: $2M Michigan lottery winner defends use of food stamps

    Quote Originally Posted by MaggieD View Post
    Of course assets should be considered. There are millions of people who have their income structured in annuities (retirees, especially) who do so with the intent of getting as much aid as they can qualify for. I know two people personally who have over $500,000 in assets, earn tax-free money from muni bonds, and get free Medicare. Absolutely ridiculous. And if they see this article, they'll be checking' out food stamps.

    Honestly, the politicians who failed to close this silly loophole are probably costing their state plenty. They should be ashamed.
    The job of politicians is to get re-elected, not close loopholes for their constituents. It's not their money so why should they make waves?

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