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34% of all household income comes from the government

Posted on 4/30/21 at 10:50 am
Posted by bbvdd
Memphis, TN
Member since Jun 2009
24983 posts
Posted on 4/30/21 at 10:50 am
quote:

But while the change in the headline data was notable, what was far more remarkable was data showing just how increasingly more reliant on the US government the population has become.


quote:

We are referring, of course, to Personal Current Transfer payments which are essentially government sourced income such as unemployment benefits, welfare checks, and so on. In March, this number exploded to a mind-blowing $8.1 trillion annualized, which was not only double the $4.1 trillion from February, but was also $5 trillion above the pre-Covid trend where transfer receipts were approximately $3.2 trillion.


We are fricked as a country. Cannot put the toothpaste back in the tube

Zero Hedge article
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16457 posts
Posted on 4/30/21 at 10:53 am to
quote:

34% of all household income comes from the Taxpayers


FIFY
Posted by 93and99
Dayton , Oh / Allentown , Pa
Member since Dec 2018
14400 posts
Posted on 4/30/21 at 10:53 am to
quote:

34% of all household income comes from the government



Thanks to Democrats and anti-Trumpers we are becoming a shithole.
Posted by 93and99
Dayton , Oh / Allentown , Pa
Member since Dec 2018
14400 posts
Posted on 4/30/21 at 10:54 am to
quote:

34% of all household income comes from the 53%


FIFY
Posted by ibldprplgld
Member since Feb 2008
24987 posts
Posted on 4/30/21 at 10:54 am to
No one should ever wonder why the person who promises the most free shite will win any election now hands-down.
Posted by jlovel7
Louisiana
Member since Aug 2014
21309 posts
Posted on 4/30/21 at 10:55 am to
Does that include employees of the government as well?
Posted by cajuntiger1010
Member since Jan 2015
9239 posts
Posted on 4/30/21 at 10:56 am to
What did Romney say in 2012? Something like 47% of country recieves government help?
I'd assume that number is much higher now
Posted by LSUnation78
Northshore
Member since Aug 2012
12066 posts
Posted on 4/30/21 at 10:57 am to
quote:

34% of all household income comes from the Printing Machines



Fify
This post was edited on 4/30/21 at 10:58 am
Posted by Powerman
Member since Jan 2004
162219 posts
Posted on 4/30/21 at 10:58 am to
Looks like a huge portion of this is covid stimulus related

It appears to have been steadily increasing up to that point though
Posted by Taxing Authority
Houston
Member since Feb 2010
57223 posts
Posted on 4/30/21 at 10:58 am to
quote:

34% of all household income comes from the "the rich"
------
FIFY
Let's be honest about who pays teh taxes...
Posted by Vacherie Saint
Member since Aug 2015
39452 posts
Posted on 4/30/21 at 10:58 am to
quote:

34% of all household income is confiscated from taxpayers and gifted to other Americans.
fify fify
Posted by Sooner5030
Desert Southwest
Member since Sep 2014
1715 posts
Posted on 4/30/21 at 11:01 am to
quote:

34% of all household income comes from the devaluing of the USD


FIFY/FIFY/FIFY
Posted by bigDgator
Dallas, TX
Member since Oct 2008
41307 posts
Posted on 4/30/21 at 11:03 am to
I don't believe those numbers. I think the government is too big and out of control for anyone to get accurate numbers on anything.
Posted by bbvdd
Memphis, TN
Member since Jun 2009
24983 posts
Posted on 4/30/21 at 11:06 am to
quote:

quote:
34% of all household income comes from the "the rich"
------
FIFY
Let's be honest about who pays teh taxes...



I’m not rich but my taxes are 6 figures every year

I’m trying to get there though.
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7767 posts
Posted on 4/30/21 at 11:20 am to
quote:

I’m not rich but my taxes are 6 figures every year

I’m trying to get there though.



Subtle brag is subtle; also you do not understand the definition of rich.
Posted by Nicky_Santoro
Louisiana
Member since Apr 2021
98 posts
Posted on 4/30/21 at 11:22 am to
quote:

34% of all household income comes from the government by bbvdd


Had a Lib tell me the absolute best way to grow the Economy is through Government jobs, not the private sector
Posted by bbvdd
Memphis, TN
Member since Jun 2009
24983 posts
Posted on 4/30/21 at 11:26 am to
quote:

Subtle brag is subtle; also you do not understand the definition of rich.



No,

My kids are getting close to college age, and I'm wondering how in the hell I'm going to pay for it.
They both have very good grades but even at that, 20-30k a year for one?

After taxes, house payments, insurance, retirement, food, utilities, etc, etc. It adds up.
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7767 posts
Posted on 4/30/21 at 11:29 am to
Just because you do not feel rich does not mean you are not rich.

If you have a six figure tax bill, you are rich.

Be grateful but don't come here looking for people to pity you; we won't.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89518 posts
Posted on 4/30/21 at 11:31 am to
quote:

What did Romney say in 2012? Something like 47% of country recieves government help?


No. They don't pay any taxes.
Posted by Powerman
Member since Jan 2004
162219 posts
Posted on 4/30/21 at 11:32 am to
quote:

If you have a six figure tax bill, you are rich.


He's upper middle class at the very least

quote:

Be grateful but don't come here looking for people to pity you; we won't.

Especially if he lives in Alabama with that income
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