By Paul Buchheit/Common Dreams
Many wealthy Americans complain about the amount of government subsidies going to the poor. Their complaints demonstrate ignorance, greed or a total lack of fair-mindedness, or a combination of all those symptoms of entitlement at the top.
The Rich Get As Much Of The Safety Net As The Poor
Thomas Piketty, Emmanuel Saez and Gabriel Zucman have calculated that, on average in 2014, the middle class received more of the safety net than the lower class.
Specifically, the 40% of American adults with incomes just below the top 10% received more in safety net government transfers (Medicare, Medicaid, food stamps/SNAP, Veterans’ benefits, etc., but excluding Social Security) than the bottom 50% of Americans.
Even more stunningly according to the same authors, when Medicare and Social Security are both included, the richest 10% on average received approximately as much in government transfers as the poorest 50%.
Posted on May 2, 2017