more of the same. Sigh.
http://divisionoflabour.com/archives/003…
Here’s a bad combination–more than half the population received government transfers while tax liability is concentrated.
From the Christian Science Monitor:
Slightly over half of all Americans – 52.6 percent – now receive significant income from government programs, according to an analysis by Gary Shilling, an economist in Springfield, N.J. That’s up from 49.4 percent in 2000 and far above the 28.3 percent of Americans in 1950. If the trend continues, the percentage could rise within ten years to pass 55 percent, where it stood in 1980 on the eve of President’s Reagan’s move to scale back the size of government.
Meanwhile, Ari Fleischer writes in today’s WSJ (sub req) that the top 1% of income earners pay 37% of total income taxes, the top 10% of income earners pay 71% of total income taxes, and the top 40% of income earners pay 99% of total income taxes.
#include my usual ranting.
