Thursday, April 8, 2010

Don't We Already Redistribute Wealth?

Enough is enough... How clear can it be that we already redistribute wealth within the United States? Efforts to further the already unbalanced and detrimental system of taxation and entitlements is pushing the limits of most Americans. Even before the controversial and inexplicable passing of 'ObamaCare' the US has been redistributing wealth for decades. YES! It is very true, consider the following facts:

  • The top 1% of earners in the U.S. pay 40% of the Federal tax dollars collected
  • The bottom 50% of earners in the U.S. pay virtually 0 income taxes
  • Entitlements exist for food, housing, services, and health care
  • Health care entitlements existed prior to 2010 (Medicaid, Medicare, State services)
  • Lower income families can get more money back than they pay in taxes
As these facts are interpreted, it becomes clear that the top half of earners in the U.S. already 'take care' of the bottom half, right? In fact, the top 1% carries the bulk of the financial burden for achieving this redistribution. Despite this inequality, somehow the top half of the population still finds room in their hearts to be the most benevolent among us. 

So, what is the reason behind such a push for more? Though the situation progressives have already managed to put in place may not be sustainable, additional entitlements and even higher taxes will wreck the economy. Why would anyone want to do this? 

To add some further perspective, families living in poverty according to the U.S. Government live many fold better lives than the poor of the rest of the world. In fact, they live better and have access to incredible resources unlike any other place in the world. Unfortunately for all of us, the 'impoverished' included, the most beautiful and important entitlement provided by the U.S. is in real DANGER! What is it...

  • Start a business
  • Go back to school 
  • Get an additional job
Those of us that get off our ASS and do these things will experience success, happiness, and eventually wealth. Oh, and the achievers will always take care of their brothers and sisters under God and in need. 

We need to move the discussion from the argument of 'Status Quo vs. MORE' back to 'LESS vs Status Quo' and we need to do it NOW! All of our freedom and opportunity is at stake.

Collin Hedegard