Tuesday, May 25, 2010

The Governmentization of Income


Even as the US is losing millions of private-sector based jobs, personal income from government sources is outstripping personal income from jobs this year.
As mentioned in the article, this doesn't work economically.
The federal government depends on taxes--taxes FROM those private-sector jobs--that it turns around and pays out in the form of Social Security and unemployment and other welfare-type programs.

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