Thursday, April 18, 2013

Your Tax Dollars at Work: Subsidizing the Security of Wealthy Allies

Your Tax Dollars at Work: Subsidizing the Security of Wealthy Allies | Cato Institute:
"The average American spends $2,300 on the military, based on the latest data available. 
That is roughly four and a half times more than what the average person in other NATO countries spends. 
These countries boast a collective GDP of approximately $19 trillion, 25 percent higher than the U.S. 
They obviously can afford to spend more.
So why don’t they?
Because Uncle Sucker picks up nearly the entire tab.
Looked at another way, U.S. alliances constitute a massive wealth transfer from U.S. taxpayers (and their Chinese creditors) to bloated European welfare states and technologically-advanced Asian nations."

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