Economy

[palani]

Stir the tea leaves around and take a peek at the result.

You live in a world controlled by government. There might be three or four layers of control

1. City
2. County
3. State
4. Federal

The image below only shows 3 layers as I enjoy life in the country without the benefit (and duties) imposed by cities.

Each layer has a population. My county has a population of 18,499 not counting me. Each layer has a budget.

So divide each budget by the population served, add up the individual amounts and then figure out what the cost of government is for a family of four (multiply the individual figure by 4).

The result? Each family of four draws down in excess of $61k of government benefits. None of these benefits include food, shelter, clothing, transportation or other necessities or pleasures.

Now the question. On an average basis how many families of 4 even bring in $61k? I don't know but I bet fewer than 10% can make this goal. So how does government fund itself if not through its' population? My conclusion is that when the economy is discussed they are talking about a wholly government controlled and owned entity. There is no room for anything other than government expenditures.

http://i40.tinypic.com/34jdm6q.jpg

[DMac]

Now the question. On an average basis how many families of 4 even bring in $61k? I don't know but I bet fewer than 10% can make this goal. So how does government fund itself if not through its' population? My conclusion is that when the economy is discussed they are talking about a wholly government controlled and owned entity. There is no room for anything other than government expenditures.


The CAFR details come to mind.

[palani]

The CAFR details come to mind. True. CAFR derives value from fines and penalties but then these also come from the general population. Or you might consider sales taxes or property taxes or road use taxes or vehicle registration or any number of other sources. All of these sources of income are boiled down into some general figure called a budget. All sources come from people eventually.

[JohnQPublic]

Before the income tax, the fed gov funded itself through tarrifs, import duties, etc. This is still done, but to a lesser degree and adds to the total.

[palani]

Before the income tax, the fed gov funded itself through tarrifs, import duties, etc. This is still done, but to a lesser degree and adds to the total.
Tariffs and duties are counterproductive to the needs of globalization.

For the first 100 years though the federal government did support itself through this form of taxation. But that was before they decided to abandon republican principles and started humanizing their victims.

[mamboni]

Stir the tea leaves around and take a peek at the result.

You live in a world controlled by government. There might be three or four layers of control

1. City
2. County
3. State
4. Federal

The image below only shows 3 layers as I enjoy life in the country without the benefit (and duties) imposed by cities.

Each layer has a population. My county has a population of 18,499 not counting me. Each layer has a budget.

So divide each budget by the population served, add up the individual amounts and then figure out what the cost of government is for a family of four (multiply the individual figure by 4).

The result? Each family of four draws down in excess of $61k of government benefits. None of these benefits include food, shelter, clothing, transportation or other necessities or pleasures.

Now the question. On an average basis how many families of 4 even bring in $61k? I don't know but I bet fewer than 10% can make this goal. So how does government fund itself if not through its' population? My conclusion is that when the economy is discussed they are talking about a wholly government controlled and owned entity. There is no room for anything other than government expenditures.

http://i40.tinypic.com/34jdm6q.jpg

Government funds said largesse through the ever increasing issuance of new debt. We should give credit to the true intellectual father of our 'modern' economy, Ponzi.

[palani]

Government funds said largesse through the ever increasing issuance of new debt. We should give credit to the true intellectual father of our 'modern' economy, Ponzi.

You are more correct than you realize.

In the case of Ponzi vs Fessenden a supreme court justice introduced us to the concept of planes, referring to the separation of a federal jurisdiction and a state jurisdiction. While this separation was valid in the 1920's there is currently only a single plane today .... evidence of this can be found in the Oklahoma City bombing events. McVeigh was said to have committed the crime in Oklahoma, he was caught in Oklahoma by a state trooper, he was tried in Denver and executed (so they say) in Indiana. These indicate a complete merger of state and federal planes in violation of the U.S. constitution.