Also, an increasing percentage of our federal budget is made up of transfer payments, essentially robbing Peter to pay Paul:
Ending welfare as we know it seemed to only make a temporary dent in the government redistribution juggernaut.
Romney Was Right About the 47%
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I know some people are trying to get upset by Romney's comments about the 47%, but he was right. 47% of the people in this country pay no income tax and hence have no interest in either cutting taxes or spending. It's simply not in their interest. That's not to say that all 47% are bad, there are definitely people who legitimately don't pay taxes. If they just lost their jobs, if they are just out of school and in an entry level low paying occupation and the elderly. But it seems pretty clear that there are also a lot of people who should be paying taxes but aren't. According to the chart below from the Heritage Foundation, back in 1969, only 1/8 of the people didn't pay taxes, by 2000, 1/3 didn't and now we are at 1/2.
Also, an increasing percentage of our federal budget is made up of transfer payments, essentially robbing Peter to pay Paul:
Ending welfare as we know it seemed to only make a temporary dent in the government redistribution juggernaut.
Also, an increasing percentage of our federal budget is made up of transfer payments, essentially robbing Peter to pay Paul:
Ending welfare as we know it seemed to only make a temporary dent in the government redistribution juggernaut.
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