Monday, June 21, 2021

Biden Breaks The Record On Wealth Transfers: $4.9 Trillion

As the budget document explains: 'These are federal government spending programs designed to transfer income to individuals or families.

These money transfers will account for 22.3% of the nation's entire GDP. If this income transfer were a country, it would be bigger than Germany's entire economy and slightly smaller than Japan's.

Worse, the government will have to borrow $1.3 trillion of the money it's transferring.

So a lot of the money middle-class families are paying in taxes is just going back to them in the form of government checks.

A 2011 report by then-Sen. Tom Coburn, R-Okla., found that millionaires were collecting $9 billion in retirement checks from the federal government.

Plus, the more money the government redistributes, the greater control these leftists have over the populace.

Before another dime gets spent on "Human infrastructure," taxpayers should demand that the government account for all the money it's already transferring from one taxpayer's pocket to another.

https://issuesinsights.com/2021/06/21/biden-breaks-the-record-on-wealth-transfers-4-9-trillion/ 

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