Has America Become A One Employer Town?
60-70% of the American population now works for government and depends on government directly or indirectly for their monthly income.
Let's do a quick back of the napkin calculation:
Over 50,000,000 on Social Security/Medicare/aid
Over 40,000,000 receiving Food Stamps
Approaching 20,000,000 collecting unemployment
Over 40,000,000 working directly for the government or government subsidized healthcare
Plus all of the dependents of the above......
WHEN over 50% of a towns population works for one employer, and that employer pays well, effectively all the businesses in that town get a significant percentage of income from that employer.
When you have over 200,000,000 Americans getting a check from government....where do you think they spend their money? That is right, the companies trading on the ticker.
NOW GOVERNMENT IS BORROWING ABOUT $2 TRILLION DOLLARS TO MAINTAIN THIS MASSIVE PAYROLL.....MANY OF WHOM ARE PRODUCING LITTLE OR NOTHING.
Whenever an employer pays you and protects you and taxes you....what control do you think that employer has over you?
Welcome to the Digital Age......
It is interesting when government and bankers can borrow as much as they want but the private sector is limited......pretty soon government and banks own everything as you cut off the private sector from credit.
BUT THE FOOLS DIDN'T CARE...THEY WERE DISTRACTED BY THE TICKER AND PANCAKES