Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” —Ronald Reagan
Apparently Ronald Reagan had it right when he said" if it stops moving subsidize it". The "IT" he was refering to was not the it that is being subsidizes(aka given), but money given to the non-earners from hard working tax payers.
When you compare the billions given to Wall Street bankers with the amount that is now given in Detroiy,15 million dollars, it is insignificant. But when you realize that 99% of the recipients are minorities who will vote for Democrats in 2010, and the bankers will not only vote but contribute large sums of money to re-elect those who gave them the money. You can understand that this is just another example of reditribution of wealth only to those who support Obama and the Democrats!
The stimulus bill was sold to the public as a "shovel ready program" that would put people back to work, but with the unemployment hovering around 10% it appears that all the stimulus is doing is reassuring that Obama and his Congressional sycophants get re-elected!
The assistance in Detroit, announced by the media today, is from a 15 million dollar pile of money coming to Detroit, Michigan as part of the stimulus package.
I believe in charity for the homeless in the form of food kitchens and temporary housing for the really homeless, but it should come from the private sector via the Churches and Community organizations like San Francisco's Glide Memorial Center, which has been doing GODS work for decades. Not from the tax payers!
The thing that is going on Detroit has two fatal flaws that make it a non-starter before it began. One is that if you give money in the form of cash or check how do you know that the people whom you are giving it to will spend it on the intended purpose for which you gave the money?
The second is the final qualification sentence in the list of things that woul qualify a person or family for the assistance. "That they must be able to maintain housing after receiving assistance. How can a homeless person do this?And by the wat how will those giving away the money determine that those who apply as homeless have bee residents of Detroit for at least six months. Will they evn try?
Also, a resident must make 50 percent less than the median area income, which would be less than $24,850 for single Detroit residents and less than $35,500 for a family of four.
All this is accomplishing is redistributing the wealth as we know Obama has promised he will do.
But there is a brewing problem with this seemingly good deed. The Urban-Brookings Tax Policy Center recently disclosed that close to half of all households will pay no income tax this year. Some will pay less than zero -- that is, they'll get money from those of us who do pay taxes.
The Tax Policy Center adds that this year the average income-tax rate for the bottom 40 percent of earners will be negative and that their cash subsidy will equal 10 percent of the total amount the income tax brings in, thanks to the Earned Income Tax Credit and President Obama's "Making Work Pay" program.
The view from the top also shows the lopsidedness of the tax system. The top 20 percent of earners makes about 53 percent of the income in America but pays 91 percent of the income tax. The top 1 percent pays 36 percent. The IRS says the bottom half of earners pays less than 3 percent.
This presents a serious problem because government has such vast powers to dispense favors. As Shaw suggested, people who pay no tax will not hesitate to vote for politicians who promise big spending. Why not? They will get stuff without having to pay for it. Source:PatriotPost.com
And to the insult of the tax payers. The City of Chicago was visited today by the U.S. Attorney General and the Secretary of Education to meet with officials of the Chicago leadership. The meeting was held because of the national outrage from the TV pictures of an honor high school student being beaten to death with large boards.Why did they not visit Los Angeles or New York where crime is rampant?
Why now? I believe that the Obama administration lost the bid to bring the Olympics to Chicago which would have brought millions to Chicago politicians. So now they are going to get money from Obama that will be handed over in the name of reducing the killing of teens, but will in fact be used to buy continued support for Democrats and Obama.
The amount is unspecified as is what they will use it for. Clinton when he was president sent millions to major cities including Chicago to establish midnight basket ball. But the plan failed to stop the killing!
Not one of the participants in the "meeting" mentioned increasing law enforcement and severe punishment for offenders. This is a dirty thought for Liberals who believe, as they have for decades, if you throw money at problems they will fade away. As Thomas Sowell says; ".the problem with the political left is that they seem to have no sense of the tragedy of the human condition. All problems seem to them to be due to other people not being as wise or as noble as they are".
So unknown millions will go to Chicago and it will still have a crime rate among the youth unless the law enforcement people begin a war against the gangs!.
Don't hold your breath until that happens, as long as the Daley machine and the Obama machine believe in spending other peoples money will stop crime and solve all of societies problems!