Socialist Obama Redistribution of Wealth

iVillage Member
Registered: 10-07-2003
Socialist Obama Redistribution of Wealth
333
Tue, 10-28-2008 - 12:18am

http://www.youtube.com/watch?v=iivL4c_3pck


At least Obama is telling us exactly what his philosophy of government actually.

Pages

iVillage Member
Registered: 05-14-2008
Mon, 11-03-2008 - 9:44pm

You've got it backwards:

March 26, 2007

Study: Who Gets the Most Government Spending?

When it comes to debates about taxes, politicians usually quarrel over who should be taxed and how much. But an important component that should be a part of that debate is almost always left out: government spending.

A new report from the Tax Foundation intends to inject the question of government spending into that debate: where does the money currently go and who receives it? If how we should tax becomes a question of "fairness," it is essential to know both where the money comes from and where it ends up.

The study reveals that America's lowest-earning one-fifth of households, or quintile, received roughly $8.21 in government spending for each dollar of taxes paid in 2004. Middle-income households received $1.30 per tax dollar, and America's highest-earning households received $0.41.

"It is important to measure the overall progressivity of the entire fiscal system, not just the tax side," says co-author and Tax Foundation President Scott Hodge. "Taking spending into account, lawmakers can make fundamental changes to the tax code, moving toward a more neutral and fair system of raising revenue, and still preserve the desired level of progressivity."

In 2004, total taxes paid by Americans reached almost $27,000 per household. In contrast, the average household received over $31,000 in total government spending - almost two-thirds coming from the federal level. Sources of government spending include programs that provide direct payments such as Social Security and Medicare as well as public goods distributed uniformly such as defense spending.

"Most people will be shocked to hear how much government spends per household, probably because they are unaware of the cost of government services," says Hodge. "Whether they find the service beneficial or not can certainly be argued, but we cannot begin to have that debate without knowing how much the government spends and who gets it."

More important, argues Hodge, is the effect this information will have on how we decide to handle future challenges, such as the enormous growth in entitlement spending.

"Already, 60 percent of Americans receive more in federal government services than what they paid in federal taxes. When the baby boomers retire, the cost of those services is going to explode," says Hodge. "Because of the politics surrounding those issues today, we are going to have a serious problem paying for those services down the road."

"This report says ‘here's where we are now; here's what the whole thing looks like'," he added. "The question for lawmakers is whether or not they think we can continue down this path, whether they think it can be sustained."


iVillage Member
Registered: 08-24-2008
Mon, 11-03-2008 - 9:59pm

Hi :)

 

iVillage Member
Registered: 04-24-2008
Tue, 11-04-2008 - 5:57am

You're mistaken.

iVillage Member
Registered: 04-24-2008
Tue, 11-04-2008 - 6:00am

The discussion has been about some phantom transfer payments being made from the rich to the lower earners.

iVillage Member
Registered: 05-27-2008
Tue, 11-04-2008 - 6:48am

And the stats will show you that those who pay the least use the most in services.

Maybe if the government weren't handing them so many freebies/subsidies they might actually demand higher wages and could become great contributors to society. But they like their bread crumbs I suppose.

I have a disabled son who is one of those people that are deemed worthless by the greedy money grubbing, compassionate, conservative Republicans would like to see people like him homeless and starving on the street. That big pay out that he receives is $674/month and he also get medicaid. He live in supervised housing and get to keep $50/month.

We are in no position to care for him either physically or financially. my husband and I both have to work, in order to save for our retirement. The 401K scam that has been foisted on us by conservative Republican is not doing so well these days.

I find it amazing how well-to-do conservatives demand women have disabled children and then when they need service they tell them that they are on their own. Those cute disabled disabled babies grow up into large unattractive and sometimes dangerous adults.

iVillage Member
Registered: 08-26-2007
Tue, 11-04-2008 - 7:08am

"The discussion has been about some phantom transfer payments being made from the rich to the lower earners.

iVillage Member
Registered: 08-25-2008
Tue, 11-04-2008 - 11:38am

How to fix social security...

iVillage Member
Registered: 08-25-2008
Tue, 11-04-2008 - 11:42am

toots, the rich pay for far more services they don't use than the poor.


food stamps


EITC


Section 8 housing...


the list goes on.


As for your comment:


iVillage Member
Registered: 11-27-2007
Tue, 11-04-2008 - 6:29pm

But if I made over $250,000 and I chose not to vote for Obama b/c I thought he was going to take some of my money then that would be selfish too.


Why's it selfish for someone to want to keep the money they worked hard for?

iVillage Member
Registered: 05-06-2007
Tue, 11-04-2008 - 8:28pm

My point was not about taxes or money in general but rather basing your choice on personal gain (whether or not you feel it's deserved).


Chrissy
mom to Aidan 8/21/03
Grayson Blaine 12/30/07

Pages