Kicking off his 2012 re-election campaign, President Obama has been going around the country in the last few days spewing class warfare vitriol. He believes that it is the duty of the dwindling base of income tax payers to provide even more support for the ballooning base of non-income tax payers.
It’s not enough for this spread-the-wealth demagogue-in-chief that the top 10 percent of earners in this country pay nearly 3/4 of the income taxes collected by the federal government while the bottom 40 percent of American households, on average, get more money in tax credits than they would otherwise owe in income taxes.
Obama wants even more pounds of flesh from the so-called “wealthy” Americans to spend on his pet projects like high-speed rail:
We can’t just tell the wealthiest among us, you don’t have to do a thing. You just sit there and relax, and everybody else, we’re going to solve this problem… We’ve got to have the quickest trains
In reality, Obama is castigating the job producers in the private sector, most notably small businesses earning more than $200,000 a year whom he thinks are not paying their fair share. In reality, it is these job producers who are the locomotive for the increasing number of Americans who are getting a free ride. For the first time since the Great Depression of the 1930’s, U.S. households are now getting more in cash handouts from the government than they are paying in taxes.
According to a Fox Business report citing an analysis by Fiscal Times, households received $2.3 trillion in some kind of government support in 2010, including expanded unemployment benefits, as well as payments for Social Security, Medicare, Medicaid, and stimulus spending. Those benefits exceed the $2.2 trillion households paid in taxes.
Here are some more disturbing statistics. An estimated 59% of the 308.7 million Americans in this country get at least one federal benefit, according to the Census Bureau, based on 2009 data. Yet about 45 percent of U.S. households will pay no federal income taxes at all for 2010, according to estimates by the Tax Policy Center, a Washington think tank. In 2009, a family of four making as much as $50,000 owed no federal income tax, as long as there were two children younger than 17 in the household.
This is a sick, unsustainable system, which President Obama is doing everything he can to make even worse.
Joseph Klein is the author of a recent book entitled Lethal Engagement: Barack Hussein Obama, the United Nations and Radical Islam