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User Panel
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Posted: 6/14/2021 4:44:40 PM EST
Pretty amazing and pathetic.
Latest BEA data for the month of March is showing that private industry wages are only about $140 billion more than total transfer payments. Annualized welfare transfer payments - $8.175 Trillion Annualized Private Sector Wages - $8.315 Trillion Seems sustainable https://www.bea.gov/sites/default/files/2021-04/pi0321.pdf  Attached File |
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Posted: 6/14/2021 4:46:46 PM EST
[#1]
Quite the bargain given the political power it gives and it's the silly little taxpayers that are footing the bill.
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Posted: 6/14/2021 4:48:09 PM EST
[#2]
Money printer go brrrr
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Posted: 6/14/2021 4:51:12 PM EST
[#3]
Huh, I figured it would be a lot but not 98%.
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Posted: 6/14/2021 4:53:06 PM EST
[#4]
We can’t stop now OP, we’re too far in.
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Posted: 6/14/2021 4:55:01 PM EST
[#5]
Full retardsville. See 1andy2's sig line.
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Posted: 6/14/2021 5:00:08 PM EST
[#6]
Quote HistoryQuoted: Full retardsville. See 1andy2's sig line. Good thing interest rates will never ever return anywhere near historic norms, because if they ever did, the economy would break. But I've been assured this is the new era of prosperity and interest rates will never need to rise again. We can print as much money as we want and we'll never get inflation because this is America, we're different and bad shit can't happen here... Run bull run! Buy the dip! |
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Posted: 6/14/2021 5:02:07 PM EST
[#7]
Stop paying for any bastard kids.
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Posted: 6/14/2021 5:03:04 PM EST
[#8]
It’s genius, really...
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Posted: 6/14/2021 5:04:16 PM EST
[#9]
Work is for suckers.
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Posted: 6/14/2021 5:04:25 PM EST
[#10]
Quote HistoryQuoted: Stop paying for any bastard kids. Where do I sign to opt out?... |
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Posted: 6/14/2021 5:06:22 PM EST
[#11]
It's accelerating to the point where the productive in society just refuse to participate.
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Posted: 6/14/2021 5:06:42 PM EST
[#12]
Lots of Democrat votes in those numbers.
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Posted: 6/14/2021 5:07:21 PM EST
[#13]
We are so fucked.
The eaters have reached the tipping point of outnumbering the producers. |
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Posted: 6/14/2021 5:07:32 PM EST
[#14]
Quote HistoryQuoted: Work is for suckers. It's really starting to appear that way. When it's more profitable to stay at home than go to work, what's the point in going to work? |
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Posted: 6/14/2021 5:09:41 PM EST
[#15]
Simple if your not physically disabled then no welfare for you. Even commie China doesn't have this bullshit . You don't want to work in China? Guess you die
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Posted: 6/14/2021 5:09:56 PM EST
[#16]
So you picked the one month that included Biden Bucks, and also Social Security and Medicare?
Interesting way with data you have there... |
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Posted: 6/14/2021 5:11:16 PM EST
[#17]
holy fuck
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Posted: 6/14/2021 5:12:49 PM EST
[#18]
Quote HistoryQuoted: So you picked the one month that included Biden Bucks, and also Social Security and Medicare? Interesting way with data you have there... Social Security and Medicare are wealth transfer programs, so yeah they should be counted. |
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Posted: 6/14/2021 5:14:24 PM EST
[#19]
Quote HistoryQuoted: Social Security and Medicare are wealth transfer programs, so yeah they should be counted. While I agree with you, ARFcom has been pretty clear about how strongly they feel about keeping these programs... |
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Posted: 6/14/2021 5:14:58 PM EST
[#20]
Bread and circuses
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Posted: 6/14/2021 5:15:59 PM EST
[#21]
What reoccurring expense would you like Uncle Sam to pay for you… and think about what you’d do with a few extra bucks in your pocket. Now, think about that same uncle, paying your rent, your utilities, your medical, your grocery bill, money for kids who just don’t act right, a cellphone, your internet and even give you some pocket cash
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Posted: 6/14/2021 5:16:09 PM EST
[#22]
Quote HistoryQuoted: So you picked the one month that included Biden Bucks, and also Social Security and Medicare? Interesting way with data you have there... |
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Posted: 6/14/2021 5:17:31 PM EST
[#23]
Quote HistoryQuoted: While I agree with you, ARFcom has been pretty clear about how strongly they feel about keeping these programs... Quote HistoryQuoted: Quoted: Social Security and Medicare are wealth transfer programs, so yeah they should be counted. While I agree with you, ARFcom has been pretty clear about how strongly they feel about keeping these programs... I have yet to see an official position from the Avilias on this matter. Care to share it? |
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Posted: 6/14/2021 5:17:33 PM EST
[#24]
Quote HistoryQuoted: Total transfer payments should never be anywhere near as close to total private sector wages. And yet here we are. Also, as I already mentioned, absent artificially low interest rates, private sector wages would be significantly lower than they are now. The fact that things are this close while we still have all these zombie companies paying out wages is pretty awful. The good news is that you can look to the other months and get excited because they are much lower! |
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Posted: 6/14/2021 5:18:23 PM EST
[#25]
Quote HistoryQuoted: I have yet to see an official position from the Avilias on this matter. Care to share it? You know what I mean. Cue the Boomers shouting "I paid for it for 50 years!" |
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Posted: 6/14/2021 5:19:33 PM EST
[#26]
Quote HistoryQuoted: The good news is that you can look to the other months and get excited because they are much lower! |
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Posted: 6/14/2021 5:22:19 PM EST
[#27]
Quote HistoryQuoted: The good news is that you can look to the other months and get excited because they are much lower! Quote HistoryQuoted: Quoted: Total transfer payments should never be anywhere near as close to total private sector wages. And yet here we are. Also, as I already mentioned, absent artificially low interest rates, private sector wages would be significantly lower than they are now. The fact that things are this close while we still have all these zombie companies paying out wages is pretty awful. The good news is that you can look to the other months and get excited because they are much lower! It's 1:2 instead of 1:1. Not really something to gloat about.
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Posted: 6/14/2021 5:22:30 PM EST
[#28]
Quote HistoryQuoted: Still dogshit. 50%+ transfer payments to private sector wage ratio is nothing to be excited about. For one month? It's not even annualized. I mean, you'd be depressed if you saw the data on the daily level on the 1st and 15th! |
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Posted: 6/14/2021 5:23:48 PM EST
[#29]
A large percentage of Trump voters paying Biden voters.
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Posted: 6/14/2021 5:27:25 PM EST
[#30]
Quote HistoryQuoted: For one month? It's not even annualized. I mean, you'd be depressed if you saw the data on the daily level on the 1st and 15th! Maybe if transfer payments were only 20% of private sector wages we could begin to pat ourselves on the back, but that's not the case. The fact that it seems acceptable for transfer payments to be over 50% of private wages just shows how dogshit our economy is, especially when you account for the fact that we're living in the biggest bubble in US history. Private wages should be miles ahead of transfer payments given how roided out our economy is. |
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Posted: 6/14/2021 5:27:30 PM EST
[#31]
It's even worse than that when you consider companies like Walmart and Amazon's strategy is to pay just under the cut off point so they can offset benefits by their employees qualify for earned income credits and even EBT and WIC.
this is the big reason they don't support the $15/hr minimum wage. As employers they would lose the ability to qualify their employees for federal benefits |
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Posted: 6/14/2021 5:35:51 PM EST
[#32]
Quote HistoryQuoted: It's accelerating to the point where the productive in society just refuse to participate. As they should. Because hard work gets someone else paid off. Not yourself. |
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Posted: 6/14/2021 5:37:24 PM EST
[#33]
Welfare should have been ended 20 years ago. It should have a 5 year lifetime benefit and only pay for one kid.
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Posted: 6/14/2021 5:39:27 PM EST
[#34]
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Posted: 6/14/2021 5:42:50 PM EST
[#35]
USG is a ponzi scheme with an army? A payday loan business with a corrupt police force?
Or something else? |
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Posted: 6/14/2021 5:47:32 PM EST
[#36]
Quote HistoryQuoted: It's really starting to appear that way. When it's more profitable to stay at home than go to work, what's the point in going to work? Quote HistoryQuoted: Quoted: Work is for suckers. It's really starting to appear that way. When it's more profitable to stay at home than go to work, what's the point in going to work? Fuck if i know |
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Posted: 6/14/2021 6:11:18 PM EST
[#37]
Dead nation walking
ETA - Pro life activists say those are rookie numbers, that we need to pump those numbers up |
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Posted: 6/14/2021 6:17:51 PM EST
[#38]
wtf is in the 'other category'
that a stupid amount of money, does in include EITC and the stim payments or something?> its what 6 times medicare? |
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Posted: 6/14/2021 6:23:51 PM EST
[#39]
Quote HistoryQuoted: The data is still dogshit for all the preceding months. Maybe if transfer payments were only 20% of private sector wages we could begin to pat ourselves on the back, but that's not the case. The fact that it seems acceptable for transfer payments to be over 50% of total wages just shows how dogshit our economy is, especially when you account for the fact that we're living in the biggest bubble in US history. Private wages should be miles ahead of transfer payments given how roided out our economy is. I mean, the real problem is that wages aren't keeping up with productivity or inflation. |
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Posted: 6/14/2021 6:37:21 PM EST
[#40]
Quote HistoryQuoted: I mean, the real problem is that wages aren't keeping up with productivity or inflation. |
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Posted: 6/14/2021 6:39:24 PM EST
[#41]
Quote HistoryQuoted: Why do you suppose that is? I'm sure you'd like to tell me your version. |
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Posted: 6/14/2021 6:41:59 PM EST
[#42]
Quote HistoryQuoted: We are so fucked. The eaters have reached the tipping point of outnumbering the producers. It was inevitable, I just didn’t think I would be around to see it. |
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Posted: 6/14/2021 6:44:52 PM EST
[#43]
Quote HistoryQuoted: So you picked the one month that included Biden Bucks, and also Social Security and Medicare? Interesting way with data you have there... One month leads to another. It will happen again and again. |
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Posted: 6/14/2021 6:53:56 PM EST
[#44]
Quote HistoryQuoted: One month leads to another. It will happen again and again. Another round of stimulus checks? Maybe. It was a bad idea for a reason. |
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Posted: 6/14/2021 6:58:58 PM EST
[#45]
What is line 28?
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Posted: 6/14/2021 7:03:38 PM EST
[#46]
All according to plan. The Cloward-Piven plan.
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Posted: 6/14/2021 7:41:57 PM EST
[#47]
Quote HistoryQuoted: I'm sure you'd like to tell me your version. |
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Posted: 6/14/2021 7:47:35 PM EST
[#48]
Quote HistoryQuoted: wtf is in the 'other category' that a stupid amount of money, does in include EITC and the stim payments or something?> its what 6 times medicare? |
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Posted: 6/14/2021 7:54:44 PM EST
[#49]
 Money Printer Go Brrr for 10 hours |
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Posted: 6/14/2021 8:16:08 PM EST
[#50]
Our government services and welfare are all setup in a way that incentivizes people to remain unemployed. Once you're enrolled for all the free shit, it's usually not in your best interest to start working an entry level job. We really need to completely redo the entire system.
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