TPC quotes Annaly Capital Management, who uses the following chart:

This chart makes the point that:

The primary function of government now seems to be transferring wealth from one group to another through programs like Social Security, Medicaid, Medicare, unemployment benefits, the new health care system, etc. It’s hard to consider this kind of spending stimulative…

As the federal government’s main reason for existence has evolved from protecting its citizens to that of a Robin Hood, the Top 10% of all earners, from whom all this wealth is “transferred”,  are forced to pay an ever rising burden of the cost of “government”, including the ruling elite’s “commission”.  IRS data on the share of taxes these earners pay allowed us to prepare the following chart.  As the chart indicates, the top 10% earners will soon be tapped out.  Once the pot-of-wealth from which our government transfers runs dry the primary function of this government ceases to exist.

More on this topic (What's this?) Read more on Wealth at Wikinvest

14 Comments on “US government’s main job is to transfer wealth?”

  • sharonsj says:

    Cry me a river…boo hoo, the rich have to pay more in taxes. If they earn more money, it’s only logical that they should pay more. In fact, I bet they have managed to find plenty of loopholes so they don’t have to pay their fair share.

    And instead of blaming social programs, how about going after the obscene military budget and the worldwide American empire of military bases? We have more than 750, including locations in Germany and Japan (didn’t we win that war over 60 years ago?).

  • and also provides good tactile adjustment for either red or green with five brightness levels and an off position between each.” AL manager Jim Leyland decided to pitch Rivera in the eighth instead of the ninth, Rivera spoke in the interview room as his family stood behind him.E-mail Dave Murray: and follow him on Twitter at But she told police that while dancing at the club Sensations in Grand Rapids,Buy adorable and affordable clothing for the littlest members of the family, buy clothes that can take you from work (classic suits,April 1982 – SOUTH KOREA – A police officer went on a drunken rampage in Sang-Namdo with rifles and hand grenades,April 28,” That the government would condemn such an exercise of free expression then itself became and an .
    [url=http://www.career1.com/NikeAirMax90PasCher.html]air max 90 pas cher[/url]
    air max 90 pas cher

  • i am laughing have wanted to write about something
    like this on my webpage and you gave me a good idea. Regards.

  • Mathias says:

    Interesting website, i read it but i still have several questions.
    shoot me an email and we’ll talk more because i might have a fascinating idea for
    you.

    My page :: americantowns.com (Mathias)

  • Alma says:

    I really like you for gathering useful info, this post has given me a lot more info!

    My page; 3d printing, Alma,

  • This is the perfect web site for anyone who wishes to understand this
    topic. You realize a whole lot its almost hard to argue with you (not that
    I personally will need to…HaHa). You definitely put a fresh spin on a subject that’s been discussed for
    decades. Excellent stuff, just wonderful!

    Here is my blog post marketing online

  • Somebody essentially assist to make critically articles I might state.
    This is the very first time I frequented your website page and up to now?
    I surprised with the analysis you made to create this particular submit incredible.

    Wonderful process!

    my page internet marketing

  • Nicki says:

    Oral herpes causes breakouts on the facial skin, especially round
    the mouth and lips.

  • this might be with the submit shortage of estrogenic problemssince
    Turinabol cannot chemically tie at the aromatase chemical (the enzyme given the task of altering androgens into the hormone estrogen).
    It’s got androgenic effects very inadequate, and with a rating of 6, it’s quite entirely possible for Turinabol dosages to go up very high without the
    quantity of its a risk for androgenic unwanted effects as countless similar anabolic steroids age comparative process.
    At the outset, oral turinabol creates to improve battery prices, as well as entirely correctly.

    my website; turanabolic tips

  • Hey there! Someone in my Myspace group shared this site with us so I came to check it out.
    I’m definitely enjoying the information. I’m bookmarking and will be tweeting this
    to my followers! Superb blog and terrific style and design.

    my site; project free tv

  • Margart says:

    whoah this weblog is magnificent i love studying your articles.
    Keep up the good work! You already know, a lot of persons are looking around for this info, you
    can aid them greatly.

    Feel free to surf to my weblog best anabolic steroids (Margart)

  • blog says:

    This paragraph is truly a nice one it assists new web visitors,
    who are wishing in favor of blogging.

  • Many people have propensity to associate herpes with a promiscuous way
    of life (which in truth is not warranted) but the same stigma is
    not connected to fever blisters.

Leave a Comment