Data Point - Who Keeps More of Your Money: You or the Government? - Granite Grok

Data Point – Who Keeps More of Your Money: You or the Government?

Data Points PInterest

“One would think that in a nation founded on liberty that we’d be free to spend more on personal consumption than the government takes from us. But that’s not the case.”

Americans are paying more in taxes than they spend on themselves. Anyone who thinks this is healthy has a profoundly warped sense of right and wrong.

In 2020, according to Terence P. Jeffrey at CNS News, who did the arithmetic using Bureau of Labor Statistics data, American “consumer units” – a BLS term – “spent a net total of $17,211.12 on taxes” sent to Washington, state capitals, and local halls of government. Meanwhile, they spent “only $16,839.89 on food, clothing, health care and entertainment combined.

And though he has been “departed” from GraniteGrok, this sums up the “Bruce Currie Theory of Economics” – and both the above and below finally answers my question of him of “Whose money is it first?” (in which in all of his dishonesty, would never answer directly).

A few on the left who are more honest about the plans and the worldview that informs those schemes will make the claim that every penny earned belongs to government, and we’re allowed to keep some of it for ourselves because government is a kind and charitable institution. Americans are certainly free to hold that opinion. But not one of them has the moral right to put such a perverted idea into practice.

The less we pay in taxes, the more we get to keep of our own labor. The more economically free we become.

Sadly, instead of being “freer,” Government spends more of what we don’t have (takes what’s left after the first round of “Taxation is Theft”) and paying that debt off, and the inflation rate that is starting to rise will lessen that freedom.

Because the Spenders in Govt will all cry “We Can’t Let Govt Go Broke!”

Sure we can – because they won’t stop spending. And we have to save ourselves BEFORE we should “save” Govt.

(H/T: Issues & Insights)