Fewer Givers, More Takers

http://www.futureofcapitalism.com/2009/09/fewer-givers-more-takers

The Tax Foundation is out with a new analysis of what the impact of President Obama's taxing and spending proposals would be, finding that the policies "will increase the number of families who are net "receivers" of federal government spending -- those who get more back than they pay in taxes -- from 60 percent of families under today's policies to 70 percent. This means the 'givers,' or those who pay more in taxes than they receive in spending benefits, will shrink from the top 40 percent of families today to the top 30 percent by 2012." As the distribution of this redistribution shifts, you start getting into some interesting questions about taxation without representation and the consent of the governed. We got into some of these questions here in the review of Senator DeMint's book.

by Editor  |  Sep 21, 2009 at 4:24 pm Related Topics:  Income Inequality, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list