"As government transfer payments to low-income households exploded, their labor-force participation collapsed and the percentage of income in the bottom quintile coming from government payments rose above 90%."
People experiencing income in the bottom fifth of the US population get 90% of their income from the government. Think about that. And while you're complaining about greedy rich people, remember who supplies the transfers.
"Americans pay $4.4 trillion a year in federal, state and local taxes. Households in the top two earned-income quintiles pay 82% of the tax bill."
But enough is never enough.
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