Please click on the following link for a very insightful analysis of the federal budget (not the one the Senate led by Ringside Reid has not passed for over three years). This analysis provides a specific depiction of where your income tax money goes to work against you.
It is widely known that BO is expected to raise & spend $1 billion for his reelection campaign. The aforementioned analysis shows this amount of money is chump change compared to what is really happening.
The video explains that in round numbers for every ten dollars the government spends it taxes for six dollars & borrows four dollars. It takes four dollars to buy the things that actually make up the federal government – like buildings & people to run the various programs - meaning that six out of every ten dollars in the federal budget goes for entitlement programs to buy votes – this is the Death of Democracy I have written about for years. BO's one billion dollars is just the amount of money he has to tell the takers about all of the giveaways he has in mind.
The first graph above shows nearly half of Americans do not pay federal income taxes. The percentage of people who do not pay federal income taxes, and who are not claimed as dependents by someone who does pay them, jumped from 14.8 percent in 1984 to 49.5 percent in 2009. The Heritage Foundation reports that 151.7 million Americans paid nothing in 2009 & by comparison, 34.8 million tax filers paid no taxes in 1984 – why didn't we recognize this coming problem in 1984 with all of the warnings from our Founders? This is the way politicians wanted it & a sound asleep electorate let it happen. Carol correctly points out that President Reagan merely slowed government giveaway programs – check both graphs for yourself to see the momentum (mass times velocity in physics terms) working against him & that still works against us today.
The second graph indicates that more than seventy percent of federal spending goes to dependence programs (housing, food, income, student aid as examples). More than 15 times the resources were committed to paying for people who depend on government in 2010 than in 1962. Source – The Heritage Foundation.
In summary, it is obvious that little or nothing is paid for government programs by the people who receive the benefits meaning these people are voting to spend others peoples' money (redistribution of wealth).
Since the great majority of people highlighted above have no immediate incentive obvious to them for helping America move forward it is reasonable to figure they never consider that the current tax & spend system cannot continue as is. Never mind that they don't realize they are currently paying embedded taxes on every good or service they buy plus for workers Social Security & Medicare entitlement taxes of 7.65% out of their wages & another 7.65% out of their productivity-output. Some in the 70% group who file an income tax return (& in virtually all cases pay a preparer or buy software to handle the filing) may receive some of these entitlement taxes back in the form of the Earned Income Tax Credit now known as the EIC. The current tax system is not sustainable as is - it is going to have to change with or without the FairTax or the country will change most likely for the worst for the aforementioned people & worse yet for all of the rest of us. Everyone will sooner or later realize that all of our children and grandchildren (not to mention all of us if BO is reelected) will be harmed if we continue on the path we are currently traveling.
The needed mindset change could not be clearer for the small minority of people who do not need to fall down a flight of stairs to know they will be hurt when they reach the bottom. As tax filing day approaches make sure you are doing everything you can to support & elect people who will pass the FairTax – the best mindset changer I know of to reverse the terrible path we are on.