So, your argument is that we should give massive subsides to the rich so the middle class can get some sloppy seconds? Good freak no!. If you want to give the middle class a break then argue for a tax reduction to the middle class – not one that primarily benefits the wealth.
And I will point out that there is a difference between the rich (who have high earnings) and the wealthy (who have assets.). So let me ask you this, why should a person who earns a middle class income (lets say 100k) but has a million dollars in equity in his home get a tax break verse somebody earning the same amount living in a apartment?
Besides, I don't think that is true. IIRC, most of the benefits skewed to people who had significant property and those who had lived a long time in the same place, with much overlap between the two. Both of these groups tended to have above average wealth