Tornado Alley (PROG)

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What the Right Gets Wrong About Socialism

">>>social contracts,,,,,Thats what we based this country on, remember?<<<me
that is socialism --your response"

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The share of total U.S. income owned by the richest 1 percent of the population has been surging since the 1980s. It has now reached 20 percent. Scandinavia’s 1 percent bags less than half this share, ranging from 6 percent in Denmark to about 9 percent in Sweden. The Organization for Economic Cooperation and Development ranks each Scandinavian nation among the top 10 with regards to both economic equality .. https://data.oecd.org/inequality/income-inequality.htm .. and absence of poverty .. https://data.oecd.org/inequality/poverty-rate.htm . The United States is on the opposite end of both spectrums.

Take Norway for example. According to the World Bank .. https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2017&locations=NO-US&start=2017&view=bar&year_high_desc=true , Norway and the United States have nearly identical GDP per capita. Yet Norway, unlike the United States, enjoys universal health care, child care, and elder care, as well as tuition-free universities, around 12 months of paid parental leave, and a robust social safety net.

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One of many on corporate welfare

CORPORATE WELFARE

10 Taxpayer Handouts to the Super Rich That Will Make Your Blood Boil

Tom Cahill | October 28, 2015

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The combined cost of these 10 corporate welfare programs is $1.539 trillion per year.

The three main programs needy families depend upon — Temporary Assistance for Needy Families ($17.3 billion), food stamps ($74 billion), and the Earned Income Tax Credit ($67.2 billion) — cost just $158.5 billion in total.

This means we spend ten times as much on corporate welfare and handouts to the top 1 percent than we do on welfare for working families struggling to make ends meet.

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