Saturday, May 14, 2011

These Two sets of facts support one another

The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.

The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.

The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.

IS RELATED TO:

In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for 18.4% of all income.

U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.

59 percent of all Americans now receive money from the federal government in one form or another.

When 2007 began, there were about 26 million Americans on food stamps. Today, there are over 44 million on food stamps, and one out of every four American children is on food stamps.

Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.

Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.

People won't if they don't have to...the answer is NOT to beggar the rich, but to raise the poor by giving them opportunity to achieve, not money or other free stuff.

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