I think the numbers are far higher than that. Most taxpayers, when you add up all the income, gas, property, excise, wealth and other taxes, already pay well over half their income in taxes at all levels. That alone means the government controls at least half of most peoples’ wealth right there.
when you look at it that way,we could all take pay cuts if government wasn’t so busy trying to redistribute our earnings.
not saying i want less money but sure as heck want less government.
Well, I’d like to make sure those numbers are right.
So I’m not crazy. Someone else heard it, right? I deliberately watched it twice, even calling my sweetie in Chicago to hear it on the replay to make sure I wasn’t nuts.
And yes, when you add all of what you included in, no doubt. But I believe that what she was getting at were positions in equities: shares of banks, auto companies, and all the other industries they are attempting to gobble up.
I’m dying to find that study. It’s why I’m up so damn late.
Include into that the 10’s of trillions of unfunded liabilities at all levels of government, not only federal.