Posted on 03/20/2025 3:50:13 AM PDT by where's_the_Outrage?
An analysis by Yale University has found that a budget plan being considered by Republican lawmakers would ultimately transfer wealth from the poorest 40 percent of Americans to the richest 1 percent.
Researchers Harris Eppsteiner and John Ricco of Yale's Budget Lab found that the proposed GOP budget whose framework was supported last month in a vote by the House would include $4.5 trillion in tax cuts that would largely benefit the wealthy, along with $1.5 trillion in spending cuts, including to benefits for the public, including the poorest.
Approximately $230 billion of those cuts would come from the Supplemental Nutrition Assistance Program — often shorted to SNAP — which helps poor families afford food.
Another $880 billion would come from cuts to Medicaid, which provides assistance for individuals with limited resources to pay for healthcare. It’s also the program that covers most costs for 60 percent of elderly Americans in nursing homes.
Both cuts would occur over a 10-year period.
"The overall effect of these policy changes would be regressive, shifting after-tax-and-transfer resources away” from households at the “bottom of the distribution towards those at the top," Eppsteiner and Ricco wrote in their analysis.
After-tax-and-transfer income refers to the income remaining after deducting all taxes and adding back government “transfers,” such as Social Security, Medicare, unemployment benefits, and so on.
(Excerpt) Read more at msn.com ...
“Analysis by Yale University” eliminates the need for a Barf Alert. Anyone with a functioning brain can predict what this leftist programming institution is going to try to sell on any given subject.
The public service spending rarely makes it to the public. Seems like it ends up in projects that are never completed, and no one knows where the money went.
I see. So failing to confiscate people’s money is evil.
Student loans was the Democrats way of transferring “wealth” form the poor and middle class to the elites.
Student loans was a way to turn an entire generation into indentured servants for the wealthy.
If Yale was in the title I’d agree with you.
The poorest 40% obviously run trans and climate change NGO’s. It’s so sad they have to work for salaries of $15,000 a year and now Trump wants to take that pittance away.
That’s in line with Schumer saying it’s the government’s job to stop you from spending your money how you want.
I will have to see any big reduction in taxes to believe it, at this point looks like smoke.
I doubt any of this information is true.
I don’t seem to recall any such analysis being published about the transfer of wealth during the lockdowns, seeing as how small businesses were forced to close due to being “non-essential”, whereas the big companies and chains were deemed “essential”.
Now THAT was a case of taking from the poor and giving to the rich.
They also postulate that, and this?.
All currency should have a one time use only value as a currency and should only emanate from the government. Upon being used by recipient the digital amounts would be recollected by the government ( like payroll taxes) for redistribution.
The citizenry who collect these funds in exchange for their goods and services will be issued (the same , like fake flu checks and stimbulos muny, joe biden one time bucks in accord with their return rate and need.
Incentiveization to provide services and work somewhere will be discussed later, ie the stick before the carrot. But later.
the poor have nothing to take.
the pie expands and the wealthy create wealth that didn’t exist prior to that not take anything from those who have nothing.
The only way people will change their minds is if billionaires tell people how much they pay in taxes. Maybe once the populace knows, they will shut up. Musk should just say how much he paid last year in taxes. It would end this whole situation.
So cut waste in DC and cut taxes for everyone? Sounds good to me.
Make SNAP good for beans, rice, milk, cheese, cabbage and carrots—and suddenly recipients will be living much more cheaply, requiring less in benefits.
I hope not.
Dead hubby cut off my survivor benefits during a dementia episode and all I have left is a small widow pension and crappy Medicaid that covers nearly nothing.
Nothing is going to be cut to people who legitimately qualify. Period.
Who knew that in the 1980’s, the democrat screaming point “do it for the children” meant rape and destruction of the family.
Like tranny surgery.
Why should the taxpayer give one cent to universities that hire stubborn idiots to preach hatred of the United States?
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