Saturday, July 9, 2011

Government is handing out free cell phones and you're paying for it | Fort Liberty

Government is handing out free cell phones and you're paying for it | Fort Liberty

As if it’s not bad enough that you’re paying for free cell phone service for other people when it’s tough enough to pay for your own, it gets even worse.

There are three primary companies providing the LifeLine service – SafeLink Wireless, Assurance Wireless and ReachOut Wireless. Safelink, the largest player in the business, is owned by the world’s richest man, Mexican multi-billionaire Carlos Slim.

The free government cell phone scam is very profitable for the companies involved. Obviously. A billionaire like Carlos Slim wouldn’t be involved otherwise.

Each customer costs the cell phone company about $3 per month for phone and minutes. But the Universal Service Fund pays the cell phone companies $10 per month for each customer.

It’s a brilliant scam. The government skims a few cents off the top of every phone bill, launders it through the free cell phone scam, and into the already stuffed pockets of a foreign billionaire.

The rich get richer. The poor get something for nothing. And you get screwed.

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