On Friday, I dashed off a check to Uncle Sam for just under two grand. That is over and above what we bled out during the year. So I’ve been doing a slow burn all weekend since I am part of the 99 percent, and we definitely felt the bite.
If you had to scratch out a tax check this year or are curious as to where that amount in the mysterious “FICA” box goes, take a blood pressure pill (or get a prescription for some) and allow me to enlighten you as to how your money is being spent.
17 billion of your money went to either fraudulent or incorrect overpayments by Medicare.
Everybody likes trains, right? You’d better because you also subsidized Amtrak to the tune of $1.4 billion. That comes out to around $55 per each ticket sold. When did the government start propping up companies that can’t make a profit as a private enterprise? Oh, wait…never mind. Right then, moving on.
Speaking of that, you also “invested” $328 million in research and production for energy efficient vehicles. Since it was your money that went to the companies, you should be getting your first dividend check any day now. Just keep watching that mail box.
Being the good global citizens that you are, you also spent $1.5 billion on foreign aid to such places as China, Brazil, and Russia. However, Congress borrows trillions from those countries in order to fund the federal budget. So we end up paying for infrastructure, medical care, military costs and economic development in those nations. That’s good news considering the recent developments in Russia. Whatever happened to just sending a nice thank-you card? “Dear Vladimir, Thanks bunches for the loan! Here’s a little something for your troubles. We promise we’ll have that pesky missile issue all cleared up by Christmas! Love ya!”
You are a selfless group. I’m sure last year many of you shoe-horned yourselves into coach seats to save a buck on air travel, and had to hold your bag of almonds between your knees and tear it open with your teeth while not knocking that 10 cc glass of coke off your tray table. So it was very kind of you to spend $70 million to upgrade federal employees flying on your nickel to business or first class.
Apparently, you know how to have fun. Or to pay for other people’s fun. Why else would you donate $232 million to the Institute of Library and Museum Sciences? They used your tax money to finance such things as the Mob Museum in Las Vegas, a quilt museum in Nebraska, and a merry-go-round museum in New York. But then again, these are museums after all. So we’re not just talking about fun, we’re talking about edutainment!
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 23rd, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Tuesday April 22nd, 2014 | John Ransom