?

Log in

No account? Create an account

Previous Entry | Next Entry

...at least two-thirds of the money assigned to government welfare budgets is eaten up by bureaucracy. Taken by itself, this would mean it would take three dollars in taxes for one dollar to reach the poor. But we must add to this the well-founded estimate of James Payne that the combined public and private costs of taxation amount to 65 cents of every dollar taxed. When we include this factor, we find the cost of government delivery of one dollar to the poor to be five dollars.
Thomas E. Woods (2011-02-07). Rollback: Repealing Big Government Before the Coming Fiscal Collapse (p. 129)

Latest Month

May 2017
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28293031   

Tags

Powered by LiveJournal.com
Designed by Keri Maijala