Sunday, February 20, 2011

Carpe Diem: Three charts tell the Story

George Bernard Shaw said " Anyone who will rob Peter to pay Paul, can count on the vote of Paul.  Mark Perry of Carpe Diem has posted three charts that illustrate this how this process is operating in America today. i am not copying his charts over because it would rob his whole post but I urge you to follow this link to see his post.
Three major points to notice.
1.  Defense spending may be wasteful but defense is a smaller and smaller portion of spending and has been shrinking for 50 years. Payments to individuals is the problem.
2. The mantra of the rich don't pay their share is patently false. The top 1% pay more than the bottom 95%.
3. Nearly half of all workers pay no income tax and thus have no claim as stakeholders in this economy. We have become a nation of parasites and extortionists.

Update: There are related posts on the Carpe Diem site if you scroll down the the main carpe Diem page past this post. Recommended.

Update 2:  Scott Grannis of Calafia Beach Pundit has a very good post discussing this same topic with a bit more optimism going forward.

1 comment:

Lsquared said...

Wow. How do I get some of those payments to individuals?