Why we are poor

Vice President Biden loves to say that a rich nation (America) has a moral obligation to pay for this and that (currently Health Care). One problem, we are not rich. Here is what each of us need to fund each and every year. Except, as I discuss below, fifty percent of America pays no income tax. Per Capita Government Spending in the United States Fiscal Year 2010 Government Pensions $3,196 / person Government Health Care + $3,529 / person Government Education + $3,388 / person National Defense + $2,901 / person Government Welfare + $2,429 / person All Other Spending + $5,484 / person Total Spending = $21,055 / person Half of us pay almost all of the Country’s income tax (97%). So, take the 21,055 times two, which is about $42,000 from each us every year. Of course, all this has not been paid and can not be paid. That is why we are poor. p.s. for the folks making more than $200,000 (10% of Americans) you are pay 70% of all the Countries income taxes.

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