It’s an Obama World… US Now Redistributes More Than $2 Trillion a Year or 81% of Receipts
Thanks to Barack Obama and Democrats the US now redistributes more than $2 trillion a year.
Obama calls this “neighborliness.”
That’s what he told Bill O’Reilly in 2008.
For the record… The US collected $2.45 trillion in receipts in 2012.
And, according to this latest report, the government redistributed $2 trillion or 81% of those receipts.
And Obama wants to redistribute even more.
The Daily Caller reported:
Government policies effectively redistributed more than $2 trillion in income from the top 40 percent of American society to the bottom 60 percent in 2012, according to a new study from the nonpartisan Tax Foundation.
The study tracked the beneficiaries of government spending programs largely paid for by taxpayers who are not very big beneficiaries of those programs.
Families in the top 1 percent shouldered nearly half of the more than$2 trillion that was redistributed last year.
The study found that the country’s lowest-income families receive $5.28 in government spending for every $1 they pay in taxes. Highest-income families only receive back 25 cents in government spending for every dollar of taxes they pay.