More than half of Americans receive more money in various types of government transfer payments (Medicare, Medicaid, food stamps and Social Security) than they pay in federal taxes. The Congressional Budget Office reports that only the top 40% income earners in the US pay more in taxes than they receive in government transfers. Ludwig von Mises once noted that once we get to the point that a majority of the voting population receives more in benefits than it pays in taxes, then voters will demand more and more wealth be transferred to them through government programs. It will then become politically necessary to extract larger and larger amounts of wealth from a minority in order to subsidize the majority.
More than half of Americans receive more money in various types of government transfer payments (Medicare, Medicaid, food stamps, Social Security) than they pay in federal taxes.
According to a report released this year by the Congressional Budget Office, only those in the top forty-percent income brackets in the United States pay more in taxes than they receive in government transfers.
Not surprisingly, the lowest income brackets receive far more in transfers than they pay in taxes:
In the lowest quintile (on-fifth or 20% of the total), households pay only $400 in taxes (as of 2014, the most recent data available) while receiving more than $16,000 in various types of tax-funded transfer payments.
Trump has ordered the Pentagon to prepare the US military to deploy domestically inside the US. As the violence escalates, people will welcome the military. Minnesota is using ‘contact tracing’ techniques to track rioters – and then everybody.
Every state has plans for contact tracing. In Washington state, where contact tracing is said to be voluntary, non-compliant individuals may be sent to prison and fined up to $2,000 per day for non-compliance.
The NYPD said that several officers sustained injuries, including one who was struck in the head with a garbage can and another who was punched in the face. Protesters shut down the street around police headquarters in St. Louis, Missouri.
Riots broke out in Minneapolis, and fire crews responded to 30 intentionally set blazes during the protests, including at least 16 structure fires. Violence spread a few miles away to a Target store in St. Paul’s Midway neighborhood where police said 50 to 60 people rushed the store attempting to loot it.
Trump’s executive order can be reversed by his successor when he leaves office, therefore, Congress should pass a law against censorship. But it won’t because politicians accept generous campaign contributions from big tech.
Dr. Fauci and Dr. Birx relied on bogus computer models to frighten politicians into shutting down the country. Last week, after 39-million Americans lost their jobs, Fauci acknowledged that staying closed could cause “irreparable damage!” [Every school child in the country could figure that out, so why did he do it?
Church pastor Jerry Waldrop filed a lawsuit against the city of Holly Springs, alleging police officers had disrupted Easter service, and some believe that the fire was set by people who support the lockdown.
JP Morgan CEO Jaime Dimon acknowledged that the stock market is rising only because the Fed is using taxpayer dollars to save large companies. These bailouts are rewarding bad behavior by banks and their favored businesses, and it is creating massive debt that will destroy the nation.
While Bill Gates was spreading panic over the coronavirus and pushing for a 3-month lockdown, the Bill and Melinda Gates Foundation was buying up tech stock, such as Apple, Amazon, Google-parent Alphabet, and Twitter, all of which did a booming business during the lockdown.
Twitter “fact-checked” President Trump when he criticized universal mail-in voting that can be easily corrupted.
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The tradition of a close-knit family has been shattered by the collectivist mindset that now dominates the British culture. Nine-million people, 14% of the population, are without regular contact with close friends or family, which makes them lonely, indeed. A study of this problem concludes it has been brought about by welfare, anti-family feminism, and public housing. The government is launching a massive program to solve this problem. [How? By more of the same that caused it, of course.]
Hundreds of homeless people will be relocated to tent cities in high-end communities that include Irvine, Huntington Beach, and Laguna Niguel. [It is predictable that, the more money is taken from working people with homes to pay for unemployed people without homes, the fewer working people there will be and the more homeless there will be. The process will continue until everyone will be dependent on the state for homes and food and health care and jobs and …. In other words, classical Communism will be upon us.]