Monday, March 15, 2021

The Top 1% Are Not Causing the USA's Problems

The American Thinker reports:
housing assistance has increased from $26 billion in 1990 to about $60 billion in 2010. 33.6 million participated in government assistance programs in 1962, but now it's 91.2 million persons (tripled). “Approximately 52.2 million (or 21.3 percent) people in the U.S. participated in major means-tested government assistance programs each month in 2012.” In 2019, 46.6% paid no income tax and depended for their living expenses in whole or in part on government assistance from the other half that pays income taxes. Medicaid expenditures have risen from about $175 billion in 1997 to $600 billion (estimated) in 2020. This is not a picture of a society that is being wiped out by poverty, but a society that is impoverishing itself.
An article worth your time.