The age range is between 16-64....a bit of hyperbole by yahoo trying to get hits.
Good article—goes in depth on this topic.
Government has rewarded some activities and punished others..with both taxes and regulation (federal, state, local) that makes “not working” a reasonable choice for many...
**
I think most of those 30 million have asked me for money on the street here in New York City.
Cash under the table ends with with digital currency.
According to the author:
1. Unemployment insurance
2. Early retirement, pensions, disability and lawsuits
3. Savings, trading stocks, and bitcoin
4. Working for cash, aka the under-the-table economy
5. Living off family members
6. Illegal work
7. Living off the land
IOW, not sure working it for the man.
Many work off the books of course. No payroll taxes; no employer portion of payroll taxes. No SDI, no workers comp insurance, no SS tax etc. Some are self employed doing odd jobs for cash. All cash business, non-reporting, on paper you look poor so you get benefits.
This is one of the reasons they want to snoop in on bank accounts with $600 or more. Same reason some states have cracked down on ‘gig workers’ even though they argued it as if they were doing uber drivers, piano players and independent writers a favor. Next they will go after various other independent operators like beauticians. They usually just rent space and get paid a lot in cash by their clients. Industries like that will be in the crosshairs soon enough. The $600 bank account thing is a blanket way to snoop in on everyone without having to target industries one by one.
How many are earning unreported income?
Wow! My 68 year old husband officially retired at 65. He couldn’t deal with “free” time. 2 years ago he started working part time for FedEx. He averages 55 hours a week.
Sittin on the front porch playin the harmonica.
brian laundrie....young man wandering around with his abiding girlfriend until she’s a bother....living with parents and no visible means of support..
All those on entitlements should be required to get the shots.
https://en.wikipedia.org/wiki/Second_economy_of_the_Soviet_Union
Since the early days of the Soviet Union, there has been a tradition to exaggerate the blame of the “black market” for consumer goods shortages, thus effectively shifting the blame off state bureaucrats with their inadequate planning.[2]
https://en.wikipedia.org/wiki/Second_economy_of_the_Soviet_Union
Since the early days of the Soviet Union, there has been a tradition to exaggerate the blame of the “black market” for consumer goods shortages, thus effectively shifting the blame off state bureaucrats with their inadequate planning.[2]
I’m 57 and retired. After my 23 years of Navy, I worked offshore for 10 years and made a few good decisions.
I go to school as a hobby, I ride my motorcycle, go for walks with my dog, and live just fine.
I think a lot of people of my generations had some foresight and planned well. This article seems to have an unfavorable view of people that don’t work because we worked smart for many years.
I know lots of guys that are Cash only. They may have bank accounts but that is just for things like child support, and such.
One popular theme is guys retiring in Thailand or other areas in SE Asia. In my network I know of three guys that did this,
but I live in rural Hawaii.
One problem they have is no SS, as they were cash only, their whole lives, so they have to scramble when they get old and feeble and can no longer work.
hooking up wi fat girls on welfare, living there and eating their children’s food?
I’m sure my worthless 23yr old step son is on that list. He was getting food stamps at 19.
Gone Galt.