"It profits me but little that a vigilant authority always protects the tranquillity of my pleasures and constantly averts all dangers from my path, without my care or concern, if this same authority is the absolute master of my liberty and my life."

--Alexis de Tocqueville, Democracy in America

Thursday, December 22, 2011

Chart Mania!

Here is a chart from Tom Blumer at PJ Media of the projected 75-year curves of federal spending and revenue.   It's not pretty:

Now here is the same chart with the dotted lines representing the "adjustment" that the so-called "Super Committee" would have made to these curves with its $1.2 trillion in savings from 2013-2021:

Again, our "leaders" are fiddling on the deck of the Titanic.


There are more great charts (albeit some are from lefties) at The Atlantic here.   My favorite is this colorful chart about the distribution of taxpayers:

Look at it this way... let's say I went to a reunion of my high school class of 1000 seniors (OK, it was a big public high school), and they distributed who paid for the banquet the way we distribute tax obligations in this country.   The cost of the reunion dinner was $25 per person at a not-so-swanky hotel convention room, or about $25k.  Under this regime, the top ten people in the class would pay almost 40% of the cost of the banquet, $10,000, or about $1000 per person for their rubber chicken.   The next 40 people would pick up the next 20%, about $5,000, so they would be paying $125 per person.    The next 50 people would pick up 10%, or about $2500, so they would be paying about $50 per person (for a $25 meal).   The next 400 people would be responsible for about 27% of the cost, or about $6750, so they would be getting the meal at the bargain price of about $17 per person.   But the rest of the class of my erstwhile friends, 500 people, people I went to school with, and played sports with, and lived in the same neighborhood with, those people would be responsible for only 3% of the cost, or $750, so they would be paying about $1.50 a head for their meal.   To them it's a great deal... they literally get an almost free lunch.  

But is this any way to treat friends?   Would anyone walk in there happily knowing that they are sticking some of their friends with $1000 bills, while they are eating the same food for practically nothing?   And, if they would, are they really the kind of people who we want to model our country on from a moral perspective?  

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