WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Deadbeat Nation

The middle class now receives far more in government handouts than it pays in taxes.

This is very good news for Obama's re-election prospects. A solid majority is now on the take from the government.

The only questions now are how long the top two quintiles will keep carrying the 60% slackers, and how quickly the truly rich will flee the country like Denise Rich.

HT: T-Dub

4 comments:

Anonymous said...

A swing of merely 19 basis points over 33 years (from +14% in 1979 to -5% today) doesn't really seem that large.

It's only notable because it goes from positive to negative.

W.C. Varones said...

That's not 19 basis points; it's 19% (1900 basis points).

And that's a lot of money. The median household income is around $50,000.

So that's a swing from paying $7000 a year to receiving $2500 a year for the median household. That's a big deal.

cm said...

Holy mackerel that first comment is terrifying, even leaving aside the usage of terms s/he doesn't understand.

lady di said...

sigh............when 50% of Americans pay no federal taxes it's over










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