Does not look good for the working class. I however intend to join the “non-working” and get on the government payroll in the next few years… so everyone else needs to pay more in so I can get more out…
Taken from and article by Lance Roberts of Streettalk Advisors
“In order to increase prosperity in a country you need innovation, and
production, which leads to higher levels of employment. Higher levels of
employment lead to increased wages, higher tax revenue for the government
and increased aggregate end demand which supports the organic economic
growth cycle. Conversely, when more people are dependent on the
government for “handouts” – the system begins to run in reverse.”