The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Wednesday, April 16, 2014

Tax Policy, The GOP, And You.... Part I

Tax, Spend and Defend (the wealthy).

So how does our Military spending compare to other countries? We are off the charts. The U.S. alone spent 39% of the entire world’s military spending in 2013 — more than $600 Billion. That’s actually down from the 46% share the U.S. spent in 2011. The next biggest spender was China at only $112 Billion. And they have 4 times as many people as we do!

Now I think security is an important priority, but it is not the only priority at the expense of all else. Similarly, I have an alarm system on my house, but I don’t have round-the-clock security guards or an alligator-infested moat. Preemptive wars and nation-building are perhaps beyond the scope of reasonable security efforts. And certainly beyond our means.

What else could we have done with that money?

What’s the trade off?

What could we afford to do if we cut the military industrial complex by even 25%?
What else could we have done with that money? What’s the trade off?

What could we afford to do if we cut the military industrial complex by even 25%?
After reading Connect The Dots, one should have a sense of the astronomically ridiculous level of military spending we, as a nation, enact each year. Our tax dollars are spent in ways most of us would find objectionable if we truly had any semblance of  representative government. Our system of federal governance is such electorate officials are not bound to the wishes of the people. If you need examples, think in terms of background checks for gun purchases, think in terms of national healthcare reform, think in terms of unemployment insurance payments to former workers. Yes, the GOP stands as obstructionist of each stated example.

Let's at a National Proprieties Project graphic that drives home the point. We offer a look at how our tax dollars contribute to the tax funded cache our government spreads around, often without our interest at the forefront. 

A CNN Money version is less descriptive, yet relevant.

Read more after the break
uncle sam spend taxes

Here's what that all means in dollars-and-cents spending for someone who paid $15,000 in federal income taxes for 2013:
  • Military: $4,064.34
  • Health: $3,409.19
  • Interest on the debt: $2,080.26
  • Unemployment and Labor: $1,468.10
  • Veterans benefits: $758.00
  • Food and Agriculture: $756.88
  • Government: $682.39
  • Housing and community: $598.84
  • Education: $304.69
  • Energy and Environment: $278.17
  • International Affairs: $226
  • Transportation: $204.03
  • Science: $168.11
See how the total you paid in federal income taxes for 2013 breaks down.

No TPI piece related to taxes can go to publish without a peep at how the GOP and their Budget chairman developed his 2015 Budget Plan.  Al Sharpton, via his MSNBC Politics Nation, segment provides a review of the absolute horror of GOP budgeting.

Media Matters recently published a piece that may provide insight into why tax issues are not more at the forefront of our angst. Actually, we are not even seriously concerned about tax inequity as an off-spring of income inequity.  If you review the Media Matters piece, don't forget to consider the Ryan Budget and how it boldly offers significant tax relief for the wealthy while saddling most Americans with additional taxes.

Broadcast evening news shows ignore taxes relational issues.

Such tax policies born of early 1980s economic policy (Trickle-down economics) and practice contirubted to this.....

Connect The Dots, National Priorities and CNN Money illustrate our tax experience (how taxes are spent), The Ryan Budgets shows the GOP learned nothing for past tax and spending policy. Policy that fails to provide safety nets or fair taxation for you and me. We are the big losers.

In Part II, we will take a close look at US Tax policy and practice from yet another perspective.

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