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Economists: US Poverty On Track To Hit Highest Level Since 1960s
First time accepted submitter eentory writes "According to economists and other experts surveyed by the Associated Press, the U.S. poverty rate is on track to hit its highest level since the 1960s. The consensus among those surveyed is that 'the official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent.' Just a 0.1 percent increase would put the poverty rate at its highest since 1965."
Apparently you have been asleep for a few decades. This is the beauty of a self serving do nothing congress!
FTFY
On the Oregon Cost born and raised, On the beach is where I spent most of my days
Need I remind you that the last 3.5 years, a democrat was in charge. Democrats typically give money out to a mix of deserving and seriously undeserving poor people indiscriminately and Obama wasn't exactly a major exception so don't go blaming republicans.
The problem is taxation. Taxation is based on income rather than wealth. Everyone agrees the government should defend property rights so the more property you have and therefore need defended the more tax you should be paying. Keeping a continual exchange of wealth doesn't reduce the cost to maintain it, so it shouldn't reduce the tax on it. Nothing should.
If you aren't producing enough income to offset the cost to maintain your wealth the tax should be reducing your wealth and causing it to go back into the system. If you have a high income and spend every penny, then someone is getting wealthier off you, that person will then pay the tax. Of course as Brewster's millions taught us, it actually isn't very easy to spend money without acquiring any wealth even if you are actively trying. If it is very unfair and counterproductive to punish high earners because they are often high producers. But there is nothing at all wrong with the people who the wealth pools at having to pay the cost to maintain the infrastructure that allows the wealth to be created and maintained. They are the ones who ultimately benefit from that wealth being created.
No he means you OWE 25% of your wealth to the people of your country. you FUCKING OWE IT. and you had better pay it so the cops can protect it from the rising population of poor who will figure out that if they enter you home, kill you and loot everything they can find enough to feed 100 of them for a year.
You assholes had better understand that paying more than your fair share to keep the cops employed and protecting you from all us dirty masses are for your own good. I suggest paying 35% instead and also funding a lot of food banks just to make sure.