If Biden wins, is a Stock Transaction Tax likely?
- Thread starter jonnysharp
- Start date
As many people often do you have neglected to include medicaid ( 600 billion dollars) in your spending total for the poor.
https://www.usgovernmentspending.com/year_spending_2021USbn_22bs2n_10#usgs302
Also just looking at the Total spent by all taxpayers (Federal, State & local) the number spent on the poor is closer to 952 billion dollars per year. ( Medicaid, Welfare & Housing)
Since I was referring to the federal budget, I'm not sure what cherry picking a single combined federal, state, and local number has to do with anything? It certainly isn't "neglecting" to not include state and local Medicaid budgets in a discussion about relative weights of the federal budget!
I don't want to get into a classic ET pissing match but just looking at the Federal costs of medicaid it is 600 billion. Family and children welfare is 274.7 billion. Housing is 54 billion. All told the Federal taxpayer is paying 928 billion a year on programs for the poor. I am not "Cherry picking" Anything. All the data is provided in the link I posted. It shows the federal contribution along with state and local.
You claimed we spent "just a little over 200 billion" on welfare. I respectfully disagree. No need to get upset. Maybe I'm wrong? I am just going by the data provided in my link.
I can only guess you're looking at the line item "Vendor payments - medical" and assuming that's Medicaid? The total federal, state, and local spending on Medicaid is around $600B but the federal portion is only 62.5% of that total (www.kff.org/medicaid/issue-brief/medicaid-enrollment-spending-growth-fy-2019-2020/ and anywhere else you do a Google search for "federal Medicaid spending"). I couldn't tell you what comprises that line item in the link you provided.
That said, I'm still not sure why we would blame an FTT (which as I've said and even wagered on here will almost certainly not happen in the next 4 years) on those on welfare or even if you want to expand it to those horrible people who end up with ALS, for example, and have the audacity to steal out hard earned dollars to get the Medicare that takes care of them while they selfishly refuse to work /s. While completely ignoring the massive defense budget we spend more on than the next 10 countries in the world combined, 8 of whom are our allies!
As an aside, I would consider it definitely inciting a "classic ET pissing match" to start splitting hairs about a number that's really irrelevant to the overall point of the post. And my point remains equally valid regardless of the exact amount spent on Medicaid and if you include Medicaid as welfare. I spent more than 20 years serving, believe me there is a whole lot of capability we pay for that's completely unnecessary to keeping us safe. On the other hand, call me old fashioned but I happen to think letting people die or suffer unnecessarily simply because they have a medical condition that prevents them from working is barbaric and we should do everything we can to prevent it without begrudging those folks. If you disagree with that I'd love to have that conversation, given that was the conversation I was having before we decided to go with the hair splitting.
kinda seems like one party is buying votes with tax payers money ... actually about half that money is going into pockets of politicians funneled under the table to their families and friends who save it for them for when they retire from office.
Like all the Republicans and the Military Industrial Complex jobs? Whats the ROI spending almost $1 Trillion on it? Policing the World costs big money!
Exactly, end of discussion because Republicans love bloated Deficits like Ronnie, Bush Dynasty and Trump. Screw the lying Budget Hawks! Rush Limbo with his on remaining lung admitted on Radio it was a lie Republicans are Deficit Balanced political beings!
difference is everyone in your trailer park is getting a check monthly, the other half of the US is not getting those checks in fact we are writing them. that makes all trailer park votes "which are many" bought and paid for by the very people who earn the money and don't get any checks.