Posted on 03/09/2011 5:45:52 PM PST by Kaslin
Entitled: More than one-third of all wages and salaries in this country are actually government handouts. We should be alarmed that we've become a nation of dependents.
Using data mined from the Bureau of Economic Analysis, TrimTabs Investment Research has found that 35% of wages and salaries this year will be in the form of a government payment.
That's up sharply from 2000, when it was 21%, which is more than double the rate — 10% — of 1960.
The payouts are primarily Social Security and Medicare benefits, and unemployment checks. But they are not limited to those programs.
In any case, we're seeing before us a disturbing trend. A society can't survive moving in this direction.
The ratio of producers — those whose wages and salaries aren't drawn from the public trough — to nonproducers, who consume wealth, needs to be much higher.
One way to do this: spread the tax burden more equitably across incomes.
Today, more than 97% of federal income tax receipts are paid by the top 50% of income earners.
(Excerpt) Read more at investors.com ...
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The Constitution of the Communist regime gave everyone 'rights.' The right to a home, a job, healthcare… and yet it didn't protect them from enslavement, poverty, starvation and mass murder intentionally bestowed upon the people by their government.
Obama, Lenin and Marx
Using data mined from the Bureau of Economic Analysis, TrimTabs Investment Research has found that 35% of wages and salaries this year will be in the form of a government payment.
In other news we now know that Barack Hussein Obama’s approval rating cant possibly go below 35%.
Reading about the ‘Cultural Revolution’ in China (1969-1976)
‘Mao insisted, in accordance with his theory of continuing revolution, that these elements should be removed through revolutionary violent class struggle by mobilizing China’s youth who, responding to his appeal, then formed Red Guard groups around the whole country. The movement subsequently spread into the military, urban workers, and the Communist Party leadership itself.’
The dims just keep on expanding their base.
At what point does this start collapsing?
How long can a state last feeding off itself? Look at Venezuela and Zimbabwe, I am sure we might last at least a few years of it.
It will be ugly.
the horses are already miles from the barn.
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