In the comments section, Daniel Doyle accused me of some interesting opinions, none of which were substantiated by my article.
Even more interesting, my article was quite simple. Mr. Doyle is a fervent anti-tax libertarian, which may have clouded his views on what I wrote. Simply, my article told how the government gets its money, and also how the government spends it. If you're interested, here are the results:
Income
Individual Income - 47%
Payroll (FICA) - 35.5%
Corporate Income - 10%
Excise - 3%
Estate - 1%
Customs Duties - 1%
Other - 2.5%
Spending
Social Security - 22.4%
Defense - 18%
Welfare & Unemployment - 15%
Medicare - 11%
Medicaid - 11%
Debt interest - 8.5%
Education - 3.7%
Veterans Benefits - 2.8%
Department of Justice - 2%
Environment & Natural Resources - 1.4%
Agriculture - 1%
Foreign affairs - 1%
Others - 2.2%
In response to Mr. Doyle's comments, I feel I should share with you my true opinions on the federal budget. Feel free to criticize these, my true editorial opinions. I just ask that I am only criticized for the things I actually say, which is why I'm writing this article begin with. Here they are:
Does the federal government have a legal right to tax? Yes. I look to the Constitution, Article 1, Section 8. "Clause 1: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States." Congress, who I elect, taxes me. When Congressmen raise taxes, people have a tendency to vote them out of office. We have a lot of control on how we're taxed. Then, the executive branch, also elected, collects the taxes. Then Congress spends them.
Should the federal government tax us? Yes. I need a lot of the things that the government provides. I appreciate not having to purchase weapons to defend myself. I prefer the government handling that. I generally like having roads to drive my car on.
Is government spending bloated? Yeah. There's a ton of inefficiency and overspending. But I have to think everything is worth it despite the inefficiencies.
Are taxes too high? Maybe. Maybe not. I see strengths in both the libertarian and socialist ways of thinking. Right now, we're probably pretty close to optimum.
Here are some of the things I have problems with:
83% of the government's income comes straight from my pocket. That's amazing. With all these businesses earning so much in profits, why are individuals taxed so much more than businesses? Granted, we individuals can take advantage of the tax disparity by investing in the stock market, but that only works for some. The government should get more of its money from businesses, and less from individual paychecks.
Social Security and Medicare combine for 33.4% of government spending, however senior citizens make up only 12% of the population (Source: 2005 US Census). That's painfully disproportionate. I'd like to see less government money spent on senior citizens, with more spent on a welfare safety net. Needy senior citizens would be served by the improved welfare safety net.
18% on defense. That's a lot of money! Probably too much.
Published by Scott Schlimmer
Keep thinking big and advancing the world's knowledge! View profile
-
Social Security Calculator Now Available
The Social Security Administration recently unveiled its Retirement Calculator, which requires individuals to log into the system with secure, personal information.
- Questions About Government Spending This is just about some questions that I have on government spending? I am not that educated but I really would like to have some answers on what our government is spending our money on.
- 5 Meal Tips for Senior Citizens Five things a caregiver should know when preparing meals for senior citizens.
- Packing Advice for Senior Citizens When senior citizens travel, they must pack differently. Here is a list of essential items that must be packed for every trip, week-end or longer.
- Guide to Social Security Benefits and Mental Illness This is a guide to Social Security benefits and Mental Illness. It is based off of my own personal experience with the Social Security Administration and the benefits that are available.
- Government Spending in the Federal Budget: Where Does All Government Money Go?
- Editorial on Taxes, Government, and Entitlement
- I'm Writing This Article on a $49 Bargain Laptop
- Social Security: Is it Time for Reform?
- Guide on Helping You Find a Good Assisted Living Center for Senior Citizens
- Social Security to Head South
- Using the Social Security Death Index for Genealogy Research
|
|
- 83% of the government's income comes straight from my pocket
- Social Security & Medicare combine for 33.4% of government spending
- but senior citizens make up only 12% of the population