Tuesday, August 26, 2014

Financial Priorities

Paul Buchheit uses six numbers to give a quick overview of who benefits in the U.S. economy:
$220 Billion: Teacher Salaries
$246 Billion: State and Local Pensions
$398 Billion: Safety Net
$863 Billion: Social Security
$2,200 Billion: Tax Avoidance
$5,000 Billion: Investment Wealth
In other words,
$8,600 for each of the  Safety Net recipients
$14,600 for each of the  Social Security recipients
$27,333 for each of the  Pension recipients
$54,740 for each of the  Teachers
$200,000 for each of the  Tax Break recipients among the richest 1%
$500,000 for each of the  Investment Income recipients among the richest 1%

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