10/22 Stupid question. We've dropped 150 billions on the War on Terror.
Where are these 150 billion (in 2 years) come from?
\_ Start with 260 million Americans. Figure number of taxpayers,
average annual income, average tax rate, ...
\_ Good thing you dont run the country because it doesnt work like
that at all.
\_ sure
\_ much of the budget is fixed. There isn't exactly an emergency
"trust fund" that I am aware of, and that is why I am confused.
\_ I think Bush might have thought the same thing.
\_ 300 billion in 4 years -> about $4500 per family of 4.
For Berkeley grads, probably like $7000 per family of 4 given
that they usually earn above average income.
\_ It would be except most Berkeley grads don't earn that much
above the average if at all. Not everyone got an eecs degree
and went on to found a company.
\_ hmmm. i'd like to see the actual numbers. the people
i know from cal all have some kind of middle class
job at least. the people i know from highschool
mostly went to college, then came home to live
with their parrents and work in retail making
barely over minimum wage.
\_ Treasury bonds and Social Security. The Feds prints up promissory
notes which people (countries, corps, etc.) buy with a bit of
interest. However, it takes a long time to sell $150B, so the Feds
loan themselves the money from SS, and slowly pay back SS with the
money trickling in from selling T-bonds. Oh, and yes, taxpayers are
on the hook for paying off the T-bonds plus interest.
\_ Yet, 70% of you stupid Americans approved of this.
\_ You really think the Federal government runs on nothing but
personal income taxes? What do you think they did before
we had income taxes? And who is paying most of those income
taxes in raw $$$ terms anyway? Hint: it isn't 70% of
Americans. Carry on.
\_ Income taxes contribute 49.2% of the fed revenues.
And SS, 33.1%.
\_ Yes, and what percentage of people pays the bulk of
that 49.2% or that 33.1% due to the way income taxes
are distributed?
\_ no. but the people are taking most of burden.
\_ Yeah, you know who oughta be taking the burden?
Those OTHER people.
\_ Yeah! Let's fuck those *other* people instead!
\_ In short, a fucking huge, taxpayer support ponzi scheme. |