I bet they all vote democRAT too.
We really are learing a lot!
In my lifetime it seems like America has only added layers of countless agencies and bureaucracies to vacuum up and turn into pay, pension, and payoffs and destructive exploitation of the lower and needy classes, the wealth they take from the productive core base of the economy.
Easy: 100%.
People think and act like the dollar is money, that it’s wealth.
The dollar is an instrument of debt; the wealth of the world is held by a small group of elites that “own” all the dollars.
If you want to see the world squirm, print new $100 bills and force a replacement. You can bring your old ones into any bank and convert them to new ones.
The economies of Mexico and North Korea would collapse.
“What Percentage of Our Economy Is Fake?”
90% or more in my book. Otherwise the math would have worked and Russia would be on their knees begging for mercy, due to our ‘killer sanctions’.
Specifically, most government spending, but also HUGE spending in healthcare, where they don’t even tell people how to prevent diabetes (don’t eat carbs, obviously), but rather SALIVATE at the prospect of more, very sick, ‘customers’ to bring into ‘their system’. Other stuff include the VAST over-regulation of cars (which shouldn’t cost more than $10k these days, but are forced to include insane things like air bags, lane centering, etc.). And then the regulations, like the one now in the IRC (International Residential Code) that REQUIRES sprinklers in all new houses (not universally law, but getting there). The list is endless.
(and, for those not zotted yet, please don’t give us the crap about Russia’s economy crashing next week - you know FULL WELL that’s not true)
When Americorps was first set up, it provided each recipient about $5000 to do their “volunteer” work. I read the that it cost $17,000 in administrative cost for each “volunteer”. This means that, even in the case when the volunteer did something worthwhile (not always the case -much of it was woke) The big winners were the government employees who administered the program.
75%
I’m not a consumer or fan of illegal drugs. But at least illegal drugs are a real product. Someone has to work to produce and distribute it. And (to my knowledge) it does not get any government subsidies.
But what you see going on with Medicaid and grant fraud is totally fake. There is nothing behind it. Like the $2B green energy they tried to give Stacy Abrams. Nothing productive would have been done with that money. And a significant percentage would have found its way back into the coffers of the Democratic party and the pockets of its politicians.
ping
I can’t see it clearly — and just about anyone will tell me I am both crazy and stupid — but with the level of waste in our multi-trillion dollar federal budget, the money-laundering, the tremendous disparity between top earners and basic workers, the rise of AI and automation, the $40T budget debt that can never be repaid, and the $300T derivative blackhole, I don’t think that “money” means anything.
I think that within 10 or 20 years, there will be VERY little work for humans, and I think we will all be issued the equivalent of welfare checks to pay for a basic lifestyle.
Kids in elementary school today? I’m not at all sure that anything matters for them. They won’t have careers, and AI will do all the “thinking”. Might as well plug in the VR headset because humans won’t really play a part in the world to come.
I understand that Government FRAUD has now been listed on the NASDAQ 100.
By the way, the symbol is FRAUD.
There is another explanation that I found when doing income tax returns. One of the requirements to get a green card is that you can support yourself. I saw that some people that have great jobs went up a business for this purpose of employing family members so that those family members can claim they’re actively working. The person with the great job would have supported those family members anyway. But they wouldn’t have been able to get a green card unless they were actively supporting themselves with a job. So the business they were running had no real intention of making a profit.
GDP has been turned into a the flow of funds. Meaning, ir does no measure the product of our country but of how often a dollar is spent.
How ‘bout......LA is fake?
As long as ALL legitimate citizens, not just Trump’s Military, is not getting a tariff rebate also, it all is. ✖️
The economy isn’t fake, money is changing hands. A lot of the economy happens underground to avoid taxation, that’s all. That ‘govt money’ being handed out was already stolen by the govt.
Bkmk
Anything funded by the government and what their employees and contractors spend should be subtracted from GDP.