Wednesday, October 7, 2015

Most Americans Get ‘Free Stuff’ From The Government

News
“Free stuff” from the government is far more extensive than the benefits disdained by those politicians, and is eagerly accepted by people of every race and income level. Nearly every American gets some kind of government subsidy, from people who have mortgages or employer-sponsored health care (big tax deductions) to those who work for or invest in big companies (big corporate tax subsidies). Recipients of Social Security and Medicare get back far more in benefits than they paid in taxes.

Benefits to people who are not poor often equal or dwarf those that are. The home mortgage interest deduction, which the Congressional Budget Office found largely benefits the top one-fifth of income earners, cost the federal government about $70 billion in 2013, while food stamps cost $74 billion last year. The tax break for employers who provide health insurance cost Washington $250 billion in 2013.

Free stuff is expected from the wealthy to the poor. The majority doesn't recognize either until a business cycle transition force recognition by pain from all demographic classes.

Headline: Most Americans Get ‘Free Stuff’ From The Government

Who doesn’t love free stuff? We’re a country that turns every national holiday into a sale. You’re more likely to see a riot over discount video game consoles on Black Friday than over political debates.


more

----------------------------------

Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.