stevenash Posted March 31, 2017 Report Posted March 31, 2017 The one consistent dark cloud in the income reports has been government redistribution. Before the Panic of 2008, government transfers – Medicare, Medicaid, Social Security, disability, welfare, food stamps, and unemployment insurance – were roughly 14% of income. In early 2010, they peaked at 18.5%. Now they're around 17%, but not falling any further. Redistribution hurts growth because it shifts resources away from productive ventures and, among those getting the transfers, weakens work incentives. Quote
LumRaiderFan Posted March 31, 2017 Report Posted March 31, 2017 Now THAT is something coming out of the White House worthy of saying "Yikes" about. Quote
Hagar Posted March 31, 2017 Report Posted March 31, 2017 Most on Social Security are just getting their money back. Unfortunately, it's money the Dems started stealing from in the 50's. As a wise man back then told me, Those b-stards couldn't stand all that money sitting there building up. Changed him from a lifelong Dem to a Repub for his remaining years. Quote
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