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| Debating with the enemy Discuss politics, current events, and other hot button issues here. |
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#11 |
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Living Legend
Join Date: Aug 2008
Age: 59
Posts: 21,744
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Re: What would it take?
just adding this about LW.
9% of the population makes over $100K/yr according to this link Assuming that the LW was only given to US Citizens making under $100k per year, the yearly outlay for LW payments is roughly 4.4 trillion dollars. Reducing it to only people making under $50k would still be 3.5 trillion dollars ($20K * 176Million people) The US GDP for 2016 was $18trillion. Federal Gross Spending was $3.9 trillion dollars Government Pensions $1.3 trillion Government Health Care + $1.5 trillion Government Education + $1.0 trillion National Defense + $0.8 trillion Government Welfare + $0.5 trillion All Other Spending + $1.6 trillion Total Government Spending $6.7 trillion So theoretically if we got rid of the myriad of welfare/education/healthcare governmental entities, and rolled it one lump sum governmental LW block grant to the states, we would go from $3Trillion, to $3.5Trillion. Could you imagine the shift of power that would create politically |
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