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Showing posts from December 3, 2008

Wealth distribution on a global scale.

Barack Obama proposed legislation titled Global Poverty Act (S. 2433) and was approved by the Committee , on which Joe Biden was on. The bill suggests we spend .7% of our GDP - .7% of 13.8 Trillion is just under $100 billion EACH YEAR! - on helping people around the world that live on less than 1 dollar a day. Coincidentally that does not include impoverished people living in the United States. If this does not rub you the wrong way, then nothing will. The bill has 30 co-sponsors, 5 of whom are Republicans (mostly moderate) and this somehow lends the bill to the auspices of bi-partisanship. Spending 100 billion dollars a year (assuming our income remains constant - and it won't) on battling poverty through the administration of the United Nations, an outfit which has repeatedly demonstrated it's anger with the United States. What should strike you is that every single taxpayer in the United States will be forced to spend thousands of dollar a year on random strangers in the ...