Friday, March 12, 2010
Tipping Point Ahead for the Republic
Here are two data trends that should concern all Americans. First, from The Heritage Foundation’s recent Index of Dependence on Government, we see the long-term rise in dependency on government programs. Note that the data used by the Index runs only through 2008 (and thus does not measure the impact of the federal government’s 2009 spending binge on dependency). The Index reached its highpoint in 2006, but the long-term upward trend is clear.
Meanwhile, the Tax Foundation reports that in 2008 more Americans than ever earned an income without paying any income taxes at all: 51.6 million—36 percent of all filers.
If these trends continue, it won’t be too long before the better part of the population can simply vote itself more and more benefits at the expense of a wealth-creating minority. That is not a formula for self-government that can last.
by Alex Adrianson