Recently over in Britain, students have been rioting en masse due to the austerity measures instituted by the government. To help with their budget problems they raised yearly tuition fees, and it appears that citizens are not taking too keenly to this, even attacking Prince Charles and his wife as they drove through areas of the rioting.
A recent poll by Bloomberg last week showed that Americans are of the same mindset with their British compatriots in that they desire the budget to be fixed by the government, but do not appear to be willing to accept sacrifices to their entitlement programs.
In an article by Bloomberg complimentary to their polling data, the numbers show that Americans are fixated on the rich paying more, but they themselves want the status quo when it comes to their benefits.
Americans want Congress to bring down a federal budget deficit that many believe is “dangerously out of control,” only under two conditions: minimize the pain and make the rich pay.
The public wants Congress to keep its hands off entitlements such as Medicare, Medicaid and Social Security, a Bloomberg National Poll shows. They oppose cuts in most other major domestic programs and defense. They want to maintain subsidies for farmers and tax breaks like the mortgage-interest deduction. And they’re against an increase in the gasoline tax.
Sadly, this is the consequence of creating a society where the government chooses to support their citizens cradle to grave. At a certain point, everyone runs out of money to provide the thousands of entitlement programs, and this is happening almost simultaneously in America and the EU nations.
From schooling, medical, WIC, welfare, social security, farm subsidies, etc… over time it not only accumulates to the debt of a nation, but each year it grows even more than the year prior.
“Socialism works until you run out of other people’s money” – Margaret Thatcher
The rich and wealthier middle class already pay 70% of the taxes in America, and their tax burden is already over 36%+ of their incomes. Raising their taxes to ‘take from the rich’ will only bring in limited money, and will actually cause jobs to be lost as it is the rich who create business and jobs, and do the hiring.
The people have been desensitized under the propaganda of ‘take from the rich’, and cradle to grave welfare. When the piper comes to demand payment, and is now happening because of the national debt and yearly deficit, the people for whom the piper removed the rats really don’t want to pay after they received services rendered.