SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (700432)2/22/2013 1:07:34 PM
From: bentway  Respond to of 1583392
 
I not taking a dime from the government, Dave. That's just some private fantasy you have. I have a job - do YOU?



To: i-node who wrote (700432)2/22/2013 8:00:31 PM
From: combjelly1 Recommendation  Read Replies (6) | Respond to of 1583392
 
And what he said was factual. 47% are living off the work of the other 53%.


Well, no. This is not factual. Now, true that about 47% pay no income tax.

Sort of, but they’re probably not the people he had in mind. About 49 percent of Americans live in households that receive some form of government benefits, according to the libertarian Mercatus Center at George Mason University, based on data from 2010. * Not all of those people, however, are dependent on those benefits, as Romney implied. A significant proportion of government assistance comes in the form of Social Security and Medicare, for which eligibility is based on age rather than need. Considering only “means-tested” programs, such as food stamps, Medicaid, and housing assistance, around 35 percent of Americans live in households that benefit from government assistance.


47%

Now, of that 35% who do receive direct government assistance, the bulk get Medicaid. About 15% get SNAP about 4% get housing assistance. Now you can argue that any non-zero figure is too much. You certainly can argue that it is too high. Especially for Medicaid.

Fun fact, the single largest population of the 35%ers are Wal-Mart employees...

Wal-Mart

So your tax dollars are being used to subsidize Wal-Mart shareholders.