Kasz216 on 08 March 2011
| richardhutnik said: http://www.cnbc.com/id/41969508 Currently 1/3 of all income counted as wages in the U.S economy are government handouts. What would happen to the U.S economy if this went away, and they got rid of all welfare? |
It wouldn't really disapear.
I mean, those "1/3rd of wages" are paid for by taking away wages from other people.
I also find it odd that you are quoting an article that is basically saying "This is 1/3rd of wages... and this is bad."
From the article you posted....
“Consumption supported by wages and salaries is a much stronger foundation for economic growth than consumption based on social welfare benefits.”
