[Always Right]

Taxpayers benefit from the Fed since ALL its profits are turned over to the US Treasury.

That is one of the problems with the way the fed is set up, they have no incentives to make a profit. The Fed takes in trillions of dollars and usually shows a profit of maybe $20 Billion or so, which is pocket change for them. The federal reserve really has an unlimited expense account with no incentive to keep their spending in check.

[justshutupandtakeit]

I don't believe you can say that the fed takes in "trillions of dollars" it isn't anything close to that.

But if set up as a profit making institution the Leftists and conspiratorialists would have a field day attacking it.