Re:Of the 1%, by the 1%, for the 1%
by hootmon on Sunday April 03, 2011 @06:57AM
(#2402389)
Just consider this. Most tax money goes toward providing defense, Which is just a nice word for protecting the property of the wealthy. The more property you have, then the more value you receive, thus the more, not less, you should pay. Its called welfare for the rich. Our taxes go towards securing their position and goods. Say hello to that boot rushing down on you.
[ Parent
| on HN ]
> Most tax money goes toward providing defense
It seems like (FY2010) 20% of Federal expenditures go toward defense, and 58% go to entitlement programs (which (I speculate) the 1% wealthiest do NOT receive disproportionate benefit from).
Source: http://globaleconomicanalysis.blogspot.com/2011/03/usa-incor... second graph
From that chart, it appears the problem is the healthcare industry is getting too much money. Medicare is expensive along with the tax deduction for health insurance. If we could get down healthcare costs, it would solve the problem.
Perhaps that is taking defense too literally. In this day of age, there is very little threat to people's property from Mexico or Canada.
Re:Of the 1%, by the 1%, for the 1%
by stellar678 on Sunday April 03, 2011 @10:22AM
(#2402732)
However, there is ever-present threat to the interests abroad of American individuals and companies.