🚨 Stephen Miller says the scale of welfare fraud is SO MASSIVE that eliminating it alone could balance the ENTIRE federal budget
"The amount that has been fleeced from us is in the HUNDREDS OF BILLIONS of dollars."
"We could balance the federal budget if the only dollars that went out of the treasury went to individuals who were properly, lawfully, correctly eligible to receive them."
This should infuriate EVERY taxpayer.
Why are taxpayer dollars still flowing to ideologically-driven activist groups? The Trump administration is investigating federal funding for dozens of nonprofits, including the SPLC, which has pushed divisive racial content into public schools through trainings and curriculum.
https://t.co/lIEJ9BY9wr
“Some of the largest errors were caused by issues with estimations, where the initial estimates ended up far from the actual amounts.”
https://t.co/V7tdegZBqy
40 trillion. That’s more than the annual US GDP.
We’ve built one of the largest pools of long term capital in human history and then the government calls it a tax incentive.
Americans have more than $40 trillion in retirement accounts.
The government gives us a tax break for contributing.
Who really benefits? Where is the incentive really?
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The financial industry earns fees/commissions for managing it.
Corporations gain a massive source of capital.
The Treasury gains a massive buyer of government debt.
One policy. A lot of beneficiaries.
You buy the car.
You insure it.
You maintain it.
You pay gas taxes every time you fill up.
Then every year the government sends another bill just to keep driving a vehicle you already own.
Vehicle registration fees generate -$25 billion each year.
What are paying for?
@jamie_selects The tax benefits arenot even that attractive, but having access to capital during the years you’re building a business, raising kids, and creating memories is definitely attractive.
Corporation: "We made $4B but spent $3.9B so we only owe taxes on $100M."
Government: "Totally reasonable."
You: "I made $60K but spent $58K on survival."
Government: "You owe taxes on $60K."
You: "That's not—"
Government: "File by May 15."
Our government is consistently:
Missing projections, exceeding budgets, and wasting taxpayer funds.
…and then they receive more funding.
Imagine if a contractor renovated your kitchen that way.
Is growth like this good or bad? I know I have my opinion.
But the legit question is whether we understand the financial incentives that exist when development increases government revenue.
Follow the money.
I’ve been digging into Oregon property taxes…
The more I learn, the more I realize most of us focus on tax rates while ignoring the incentives behind the system.
A few things surprised me:
For example, every time farmland becomes a subdivision, local governments gain a larger tax base.
Growth doesn’t just bring new residents.
It brings more revenue.