President Obama is betting his re-election chances on convincing enough people that Americans are not taxed enough. His designated villain is millionaires - a class that virtually everybody would like to be in.
On the week that we all have the IRS and taxes on our mind, however, it is instructive to look at the bigger picture. The Tax Foundation and the Republican Study Committee offer us the following graph that shows Americans spend more on government at the federal, state, and local level that to provide the essentials of food, shelter and clothing. Yikes!
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
In Other News: List of "Useless Government Spending" Strangely Doesn't Include Biden's Salary | Michael Schaus
In Other News: Massachusetts School Board Moves to the Right of Democrats - Becomes Socialist | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 20th, 2014 | John Ransom