A Quarter Of All Household Income In The US Now Comes From The Government
More precisely it comes from money the government has created out of thin air to buy its debt. How long can this last? At the same time this system saddles our children with escalating debt.
Putting that number in perspective, in the 1950s and 1960s, transfer payment were around 7%.
…now, the coronavirus has officially sent this number into the mid-20% range, after hitting a record high 31% in April.
This article was originally posted here: https://www.ac2news.com/2020/08/a-quarter-of-all-household-income-in-the-us-now-comes-from-the-government/.