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Wed, 2009-08-12 22:03 — The Conductor
Topic: 
Economics
Places: 
Minneapolis
U.S.A.
Minnesota
Organizations: 
Government

Cost of Government Day (COGD) is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burden imposed by government at the federal, state and local levels.

Cost of Government Day for 2009 is August 12. On average, working people must toil 224 days out of the year just to meet all costs imposed by government. In other words, the cost of government consumes 61.34 percent of national income.

If you had given the government everything you earned from January 1st through today, you could keep every nickel until the end of the year.

If you had to depend on government to provide for all your needs, do you think you would have made it until today? Sure, at some lesser standard of living, because the government does not return the same quality you send them.

I wonder how many days it would take to represent the gap between the cost of government and the benefit of government. In other words, how many days of labor does government destroy?

H/T: Dr. Sanity