More than Half of America Gets More in Welfare than it Pays in Taxes

This is a tough statistic for many taxpayers to stomach.

Crony capitalism comes in many forms. “Welfare” is a key too of cronyism. So long as one is reliant financially on the state one is unlikely to rock the boat for the people “in charge.”

(From Mises)

As Ludwig von Mises once noted, once we get to the point that a majority of the voting population receives more in benefits than it pays in taxes, then voters will demand more and more wealth be transferred to them through government programs. It will then become politically necessary to extract larger and larger amounts of wealth from a minority in order to subsidize the majority.

“Voting for a living.”

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