patrick.net

A) Population Total = 308,745,538

B) Number of household units = 131,704,730

C) Median household income = $51,914

D) Median household income times number of houses = B*C = $6,837,319,353,220 = $6.84 Trillion

E) Number of actual workers = 150,399,000

F) Median income per worker = D/E = $45,461.20

G) 2010 GDP = $14.6 Trillion

H) 2010 Total Federal, Local, State Government Spending = $5.9 Trillion

I) Average total tax rate (this includes all taxes) = H/G = 40.41%

J) Total Government spending per worker = H/E = $39,228.98

K) Median after tax income per worker = F*(1-I) = $27,090.33

L) Effective median tax rate = J/K = 144.8%

For ever dollar the median individual gets, the government gets $1.44! This means the government dictates which direction the economy is going more than about 70% of the actors in the economy!

FACT: what was the highest federal income tax rate exactly 100 years ago? 0%
This is because there was no federal income tax. It was, and still is, unconstitutional!

The answer to the question “why does government control the housing market?” is because the government controls the economy. This is not capitalism anymore.
Mass decision-making through the spending of dollars (the best and most efficient form of democracy) is not directing the flow of the economy. It is the government and the elite’s money that are essentially dictating the direction our economy flows and why.

When you have fewer and fewer individuals in the decision making process there is greater probability for error. The smaller and smaller the group gets that is trying to spend money in the best interest of the masses, the less likely the desires of the masses will be met. This is the simple concept of the Central Limit Theorem; the larger the sample set, the greater likelihood that the sample probability will match the true probability. As a corollary, the greater the number of individuals making the decisions as to where the direction of the economy should flow, the more accurately the economy can represent the demands and desires of the masses.

Until the nation realizes that we need to stand up to large government, we will continue to not have our needs met. Housing will continue to serve the elites, bankers, and government and not the masses.

Data pulled from:
http://quickfacts.census.gov/qfd/states/00000.html

http://2010.census.gov/news/releases/operations/cb11-cn147.html

http://www.usgovernmentspending.com/total_spending_2010USrn

http://www.ssa.gov/oact/COLA/awidevelop.html

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