Somewhat off topic, but I've always wanted to know _who_ gets my tax dollars more than what they were spent on. For example, a middle class salary to someone building bombs in Ohio is different than a wealthy investor who owns shares in some educational company that provides standardized tests to local public schools.
I’ve always known the breakdown in my head, but seeing the raw numbers by category was pretty eye opening - particularly how much I’m contributing per month to support something like say, aggressive wars in the middle east that are driving up my gas prices.
My (admitedly superficial) understanding is that in the USA because the welfare state is mostly private, it optimizes for profit. So just because you put a lot into it doesn't mean you get much out. I have no first hand experience of this, but the other day I stumbled upon an article explaining private equity buying up the "ambulance business" and costs balooning, so that tracks.
That depends on your definition of "welfare". For most Americans that means the government providing support for those who can't afford it (taking from the taxes of others).
Social Security isn't really welfare -- it's more like a nationwide retirement plan, whereby I'm getting X back in future dollars for Y paid in now.
Medicare isn't really welfare either -- it's medical insurance that I am paying for in advance.
(Now you can argue that a percentage of SS and Medicare is welfare because there is a floor on how much you receive regardless of what you put in, though you have to have paid in for at least 10 years to be eligible to receive anything.)
So that really just leaves Medicaid and Safety Net as true welfare: 17.1%.
As a thought experiment, it'd be interesting to imagine how things would play out if each taxpayer could adjust little sliders on each category to allocate where they personally would like their taxes to go.
Agencies could recommend funding levels, Congress could recommend an allocation and if a taxpayer didn't change it, that default would take effect. But if a taxpayer preferred, they could say, "no, I won't be funding DOD this year". Or space nerds might say "I'm sending 100% of my tax dollars to NASA!"
Of course no one would likely choose to do boring stuff like paying interest on debt. So we'd probably end up with incredibly well-funded national parks and cool space missions, and also a crippling recession due to defaulting on the national debt.
You would get so much weird shit happening if you did this.
For example, if you ask your average normal person who's critical of foreign aid spending how much they think we should spend on it, if they don't answer "zero dollars" (and most don't!) they're very likely to name a percent of the budget that would represent a huge increase in our foreign aid spending. This is because they think it's a far larger part of the budget than it is (probably because it's received such a huge amount of attention that they assume it must be a lot, or else why would their trusted media figures complain about it so much?)
Misconceptions like that abound. Like, you wanna guess where most people are gonna shift some of that money if you remind them to make sure they allow enough funding for maintaining our nuclear weapon stockpile, but don't tell them exactly where to put that money? I bet it's not the Department of Energy.
Moreover, this would just incentivize politicians for both nefarious and benevolent reasons to bundle unrelated stuff into departments that people choose to fund better, laundering their popularity into necessary-but-obscure services or pet-project/corruption stuff.
I would be more likely to share this w others if the domain name didn't have an f-bomb in it. It doesn't bother me that much, but I really don't want to share it in certain circles...
This is great. I'd also recommend Covid money tracker. US printed nearly $12 trillion in response to Covid, something like 25% increase in money supply. And it is my contention that this has driven inflation (both asset - think meme stocks, rise in crypto etc - as well general levels that started to appear by 2022)
I can’t help wondering about the categorization. For example, we spend more on “agricultural subsidies” than “NASA & space” or “EPA & environment”, but for some reason the former gets hidden under the “all other” category while the latter two get their own distinct categories. The author might not have a political motivation for those choices, but it’s the kind of choice that will likely influence the political conclusions the reader will make from the data.
I really wish we would get away from this line of thinking. For state and local governments, yes, your taxes are put into accounts and are then spent according to the budget.
For the federal government, no. Money that is paid in taxes is effectively eliminated. The total number of dollars that exist in circulation is reduced. When the federal government spends money, it is creating all new money. It can’t run out. It’s not your tax money that is being spent.
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[ 0.21 ms ] story [ 62.2 ms ] threadThat will be the true death knell of democracy
Medicaid: 10%
"Safety Net": 7.1%
Social Security: 22.6%
Medicare: 14.2%
53.9% of the federal budget is spent on welfare. That seems roughly in line with most Western nations.
Social Security isn't really welfare -- it's more like a nationwide retirement plan, whereby I'm getting X back in future dollars for Y paid in now.
Medicare isn't really welfare either -- it's medical insurance that I am paying for in advance.
(Now you can argue that a percentage of SS and Medicare is welfare because there is a floor on how much you receive regardless of what you put in, though you have to have paid in for at least 10 years to be eligible to receive anything.)
So that really just leaves Medicaid and Safety Net as true welfare: 17.1%.
Agencies could recommend funding levels, Congress could recommend an allocation and if a taxpayer didn't change it, that default would take effect. But if a taxpayer preferred, they could say, "no, I won't be funding DOD this year". Or space nerds might say "I'm sending 100% of my tax dollars to NASA!"
Of course no one would likely choose to do boring stuff like paying interest on debt. So we'd probably end up with incredibly well-funded national parks and cool space missions, and also a crippling recession due to defaulting on the national debt.
For example, if you ask your average normal person who's critical of foreign aid spending how much they think we should spend on it, if they don't answer "zero dollars" (and most don't!) they're very likely to name a percent of the budget that would represent a huge increase in our foreign aid spending. This is because they think it's a far larger part of the budget than it is (probably because it's received such a huge amount of attention that they assume it must be a lot, or else why would their trusted media figures complain about it so much?)
Misconceptions like that abound. Like, you wanna guess where most people are gonna shift some of that money if you remind them to make sure they allow enough funding for maintaining our nuclear weapon stockpile, but don't tell them exactly where to put that money? I bet it's not the Department of Energy.
Moreover, this would just incentivize politicians for both nefarious and benevolent reasons to bundle unrelated stuff into departments that people choose to fund better, laundering their popularity into necessary-but-obscure services or pet-project/corruption stuff.
https://www.covidmoneytracker.org/
edit: bring on the downvotes, israel is committng a genocide and doing it with out tax dollars.
Since that party doesn’t exist I am politically homeless.
Tax Wrapped 2025
https://news.ycombinator.com/item?id=47755604
For the federal government, no. Money that is paid in taxes is effectively eliminated. The total number of dollars that exist in circulation is reduced. When the federal government spends money, it is creating all new money. It can’t run out. It’s not your tax money that is being spent.