Sunday, July 31, 2011

Government Money: Where It Comes From and Where It Goes

There are 312 million citizens in the United States, 147 million submit tax forms, 69 million paid no money on those forms and 78 million did pay money. Therefore 66% of tax form submitters paid taxes.

50 million people receive money from medicaid, 46 million from medicare, 52 million from social security, 5 million from disability, 7.5 million unemployment, 44 million from food stamps and 24 million from "tax credit." The average individual receiving money given--not paid--from the government receives 20 thousand dollars a year.

One can see that the straight charity activity of the government would be quite manageable had the government not decided to become an insurance agency in medicare and social security.

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