thereisnospoon
Gold Member
And social programs which I might add, are growing exponentially under the Obama economy, are over HALF of the federal budget...The truth of the matter is that the wealthy receive enormous gov assistance through subsidies. The poor on the other hand get peanuts.
Let's start with the poor and SNAP (food stamps).
The average SNAP recipient receives $133 a month. The average SNAP recipient has a gross income of $744 a MONTH per household. 76% of households have at least one dependent living there. 83% of households receiving SNAP are below the poverty line. The other 17 are at the poverty line or make 130% of the poverty line. And despite what you cons like to believe, food stamps fraud is RARE.
All the sobering facts on food stamps are here.
SNAP (Food Stamps): Facts, Myths and Realities
Now the wealthy. Oh boy.
1) corporations receive $80 billion a year through state and local subsidies.
2) Federal subsidies for corporations cost TAX PAYERS 100 billion a year.
3) The official tax rate for corporations is 35%. However, because of tax breaks, corporations only pay 13% a year in taxes.
4) wealthy hedge fund managers cost tax payers 83 billion a year.
5) subsidies for fast food companies cost tax payers 243 billion a year.
6) deductions for mortgage cost tax payers 70 billion a year. 77% of this funding goes to income earners of 100,000 a year or more.
Top Ten Examples of Welfare for the Rich » CounterPunch: Tells the Facts, Names the Names
The more facts we learn, the more realize just how much bullshit republicanism really is.
DEAL?