What Your Tax Dollars Do For You

What Your Tax Dollars Do For You
In this article,​ we will take a​ look at​ the​ influence the​ government exerts over our daily lives through our taxation,​ and the​ good and bad aspects of​ that influence.
Through direct spending,​ the​ U.S .​
government controls approximately 43-45% of​ the​ economy .​
Today,​ government spending accounts for almost as​ much of​ the​ economy as​ spending in​ the​ private sector .​
After the​ passage of​ the​ New Deal legislation,​ during the​ late 1930s,​ the​ private sector controlled almost 90% of​ the​ economy .​
We have experienced quite a​ huge change in​ the​ last 2 generations .​
The average American remits about 5.3 months of​ his or​ her work year in​ order to​ support government spending.
The American economy is​ separated into two sectors: there is​ one that is​ dependent upon federal,​ state,​ and local government spending,​ known as​ the​ public sector; all others known as​ the​ private sector .​
The private business sector is​ funded by tax dollars collected from Americans .​
What the​ government decides to​ spend and allocate is​ primarily funded by our tax dollars.
Government spending controls $5.4 trillion dollars of​ the​ total spending,​ and when you​ figure in​ the​ $1.4 trillion government-forced spending,​ the​ government actually controls somewhere near 58% of​ the​ economy’s national income .​
That is​ a​ 3.5 times increase from a​ hundred years ago .​
And the​ economy has been in​ a​ steady decline .​
The ability of​ private sector growth to​ increase has been reduced over time,​ thanks to​ the​ fact that the​ government largely governs even private sector business.
Increased government control gets a​ big boost from the​ special interest groups,​ and the​ capability of​ big corporate entities to​ lobby Congress for programs and funding,​ as​ well as​ changes in​ tax laws that benefit them alone .​
In addition,​ government-funded welfare and public assistance programs are a​ major contributor to​ the​ government spending programs.
The problems with government spending are not going to​ end anytime soon .​
This isn’t what our forefathers had it​ in​ mind when they broke free of​ oppressive British rule and penned the​ Declaration of​ Independence .​
Without major reforms,​ in​ the​ near future,​ we will see our children paying $25,​000 each year to​ support an​ overburdened and imperious government.
What Your Tax Dollars Do For You What Your Tax Dollars Do For You Reviewed by Henda Yesti on July 07, 2018 Rating: 5

No comments:

Powered by Blogger.