Ricter
Registered: Aug 2004
Posts: 13203 |
07-22-12 02:29 AM
Quote from logic_man:
Society cannot endure someone whose productivity levels only support $20K of consumption consuming $30K worth of goods as a result of transfer payments. In layman's terms, you should only be able to consume an amount equal to what you produce.
Our society can and does "endure" that, and has for many decades. Entire states are net recipients of transfer payment monies. I posted a graphic and table with that information for the past twenty years (the first transfers bailed out some of the colonies!) elsewhere in the basement, but here's the link:
http://www.economist.com/blogs/dail...as-fiscal-union
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