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To: expat_panama

“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.


14 posted on 08/30/2014 5:40:38 PM PDT by Lurkina.n.Learnin (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
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To: Lurkina.n.Learnin
as people migrate from the working class it has to reflect on the percentage of income from working

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.


15 posted on 08/31/2014 8:44:29 AM PDT by expat_panama
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