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, andproduction, which leads to higher levels of employment. Higher levels ofemployment lead to increased wages, higher tax revenue for the governmentand increased aggregate end demand which supports the organic economicgrowth cycle. Conversely, when more people are dependent on thegovernment for “handouts” – the system begins to run in reverse.”
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