“The prob is that total taxes/entitlements really aren’t part of GDI —the GDP & I accounts are for production and working for a living type stuff.”
True but as people migrate from the working class it has to reflect on the percentage of income from working it would seem.
You're absolutely right, I don't know what I was thinking last night. I cranked out the "Federal Social Benefits" as a % GDI and it turns out that since 1970 they've increased by the same amount that employee compensation has decreased. We are definitely seeing a huge migration from the working class to the welfare class.