- Prison Planet.com - http://www.prisonplanet.com -

Average American Works 231 Days To Support Government With Taxes

Posted By admin On September 21, 2010 @ 9:22 am In Featured Stories | Comments Disabled

The Daily Reckoning [1]
Tuesday, September 21, 2010

Justifiably incensed and angry about all of this financial foolishness, I am on my way out the door to yell at the wife and kids for being such wanton wastrels, foolishly buying whatever it is that they are buying that is wasting all my money, when I happened to see that the real reason my money is disappearing is revealed in an editorial in The Washington Times: “We Can’t Afford This Government.”

This was no doubt prompted by the announcement by Americans for Tax Reform that “the average American worked 231 days just to support government, which consumes 63.41 percent of national income.” Yow! The government consumes two-thirds of income! We’re freaking doomed!

Even more horrifically, the cost of government is getting monstrously, exponentially, catastrophically higher, as, “Just two years ago, Cost of Government Day fell an astonishing 34 days earlier,” which is a tax increase of 17.3% in two years! And now the Obama administration wants to raise taxes even more! We’re freaking doomed!

(ARTICLE CONTINUES BELOW)

Average American Works 231 Days To Support Government With Taxes 150709banner2 [2]

Having A Supply Of Healthy Foods That Last Just Makes Sense (AD) [3]

A lot of this is due to, as USA Today reported Aug. 10 and The Washington Times reminds us, that “federal pay and benefits per employee now average more than twice that of private workers: $123,049 compared to $61,051.”

An interesting sidebar is that “Federal salaries outpaced inflation in the past decade by 33 percent.”

Now, as angry as you get about the income disparity between the gilded public servants and their impoverished masters, it is worse than that because I notice that this gain of 33% by federal workers is only the part that was more than inflation, which was, according to the Bureau of Labor Statistics, 27%, meaning that federal salaries went up 60% in 10 years! Un-Freaking-Believable (UFB)! It’s surprising they only make double what we private-sector people make!

Imagine how fabulously well these public employees would have done if they had invested their money according to the dictates of the Fab-U-Tastic Mogambo Portfolio Theory (FUTMPT) and invested it all in gold, silver and oil! They would all be multi-millionaires!

This only proves that buying gold, silver and oil, as per the immortal FUTMPT, is not only immensely profitable, but it’s easy, too! As in “Whee! This investing stuff is easy!”

Full story here. [1]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/average-american-works-231-days-to-support-government-with-taxes.html

URLs in this post:

[1] The Daily Reckoning: http://dailyreckoning.com/the-governmental-money-vacuum/

[2] Image: http://prisonplanet.tv/signup.html

[3] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[4] 6,125 Proposed Regulations and Notifications Posted in Last 90 Days–Average 68 per Day: http://www.prisonplanet.com/6125-proposed-regulations-and-notifications-posted-in-last-90-days-average-68-per-day.html

[5] Middle Class–Not the Rich or the Poor–Pay Majority of Federal Taxes, Says CBO Data: http://www.prisonplanet.com/middle-class-not-the-rich-or-the-poor-pay-majority-of-federal-taxes-says-cbo-data.html

[6] 35 Statistics That Show The Average American Family Has Been Broke Down, Tore Down, Beat Down, Busted And Disgusted By This Economy: http://www.prisonplanet.com/35-statistics-that-show-the-average-american-family-has-been-broke-down-tore-down-beat-down-busted-and-disgusted-by-this-economy.html

[7] 17 Facts That Prove That The Average American Family Is Getting Absolutely Pulverized By This Economy: http://www.prisonplanet.com/17-facts-that-prove-that-the-average-american-family-is-getting-absolutely-pulverized-by-this-economy.html

[8] 23 Million Americans Have Had Their Taxes Increased an Average of $3,900 This Year–But May Not Know It Yet: http://www.prisonplanet.com/23-million-americans-have-had-their-taxes-increased-an-average-of-3900-this-year-but-may-not-know-it-yet.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.