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142 million working, supporting 103 million who do not work

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USA Is Doomed? There Are Now Roughly 142.2 Million Workers Supporting 102.6 Million Not Working. Yes, we CAN!


USA Is Doomed? Unemployment, Taxes and Unfunded Retirement Are Squeezing Each Generation, 59% Say It’s No Longer Possible To Work Hard and Get Rich, There Are Now Roughly 142.2 Million Workers Supporting 102.6 Million Not Working, Global Image of America Plummets, And Endless Government Manipulation

http://investmentwatchblog.com/u-s-is-doomed-unemployment-taxes-and-unfunded-retirement-are-squeezing-each-generation-59-say-its-no-longer-possible-to-work-hard-and-get-rich-there-are-nnow-roughly-142-2-million-worker/

March 13th, 2013

Let’s Stop Fooling Ourselves: Americans Can’t Afford the Future
Unemployment, Taxes and Unfunded Retirement are Squeezing Each Generation

The American spirit is rooted in the belief of a better tomorrow. Its success has been due to generations of men and women who toiled, through both hardship and boom times, to make that dream a reality.

But at some point over the past several decades, that hope for a better tomorrow became an expectation. Or perhaps a perceived entitlement is more accurate.
It became assumed that the future would be more prosperous than today, irrespective of the actual steps being taken in the here and now.
And for a prolonged time – characterized by plentiful and cheap energy, accelerating globalization, technical innovation, and the financialization of the economy – it seemed like this assumption was a certain bet.
But these wonderful tailwinds that America has been enjoying for so many decades are sputtering out. The forces of resource scarcity, debt saturation, price inflation, and physical limits will impact our way of life dramatically more going forward than living generations have experienced to date.

59% Say It’s No Longer Possible To Work Hard and Get Rich In U.S.
A new Rasmussen Reports national telephone survey finds that just 27% of American Adults now say it is possible for anyone in the country to work hard and get rich, generally unchanged since late 2012.
Fifty-nine percent (59%), though, say that is no longer possible, up from 55% in late January and the highest level of pessimism in over four years of surveying. …

These numbers tell an unsettling story about the U.S. economy
From Global Economic Policy Journal:
In the last 5 years:


• The Civilian Institutional Population rose 9.9 Million
• The Labor Force rose 0.9 Million
• Those Not in the Labor Force rose 9.8 Million
• Employment fell by 2.3 Million
• Full-Time Employment fell by 5.3 Million
• Part-Time Employment rose by 0.9 Million
• Unemployment rose by 4.5 Million
• Food Stamp usage rose by 20.3 Million
Non-Workers to Workers
Let’s consider the ratio of workers to non-workers. Workers are those employed, non-workers are everyone else (the unemployed + those not in the labor force).
In the last five years, the number of non-workers rose by 14.3 million while the number of workers fell by 5.3 million.
In 2008, there were 144.6 million workers supporting 88.3 million not working.
There are now roughly 142.2 million workers supporting 102.6 million not working.
… In the year 2000, there were 1.78 workers for every non-worker. Now there are only 1.39 workers for every non-worker. Meanwhile, food stamp usage is up from 17.2 million to 46.6 million, and medical costs are soaring…

World poll: Image of U.S. declines
Worldwide approval of U.S. leadership dipped considerably during President Barack Obama’s fourth year in office — but it increased in some countries, including Mexico.
The median approval rating for U.S. leadership for 130 countries was 41 percent in 2012, down 8 percentage points from the 49 percent approval during Obama’s first year in office, according to a Gallup poll released Wednesday.
Gallup asked, “Do you approve or disapprove of the job performance of the leadership of the United States?”
“This shift suggests that the president and the new secretary of state may not find global audiences as receptive to the U.S. agenda as they have in the past. In fact, they may even find even once-warm audiences increasingly critical,” Gallup’s Julie Ray wrote.

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By now, I think most of us accept the American Dream is not as easy to achieve as it looks. Most people probably do not believe in it anymore. There is no country in the world with that many opportunities like the United States. I still think America is one of the best country to live in the world. I am an optimist. I think there is a solution to every problem. If we work together, we can solve problems.

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OMG!  "142.2 Million Workers Supporting 102.6 Million"

 

As I have said before point will be reached where even if you tax people at 100% it will not be enough to support those who do not work.

 

Long before that happens people will give up working as the will not work to pay 60% or maybe 70% to give someone a nice life easy, while not having one themselves.

 

What's your percentage of tax where you'd stop working?

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 The solution is the equal ditribution of wealth. Swiss minimum wage is 50,000 euro a year, and big wigs are restricted to earning maximum twice the minimum wage!

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 The solution is the equial ditribution of wealth. Swiss minimum wage is 50,000 euro a year, and big wigs are restricted to earning maximum twice the minimum wage

I

 

So your answer is socialism?  That's failed in every country that has tried it.  People do not work for the benefit of others, and why would they?   The people who work hard, strive, invent, toil, should keep what they earn.  Yes a small amount should be taken for the common good, but we are already well beyond that point.

 

Even now, we have generations of people who have never contributed to society and have had children who are having children who will never either.  Once everyone decides there is no point working because someone else will pay for them, then the whole system will fail.

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 The solution is the equal ditribution of wealth. Swiss minimum wage is 50,000 euro a year, and big wigs are restricted to earning maximum twice the minimum wage!

 

The interesting thing about Switzerland is that is the last true democracy in Europe, it is a direct democracy.

 

 

Direct democracy (also known as pure democracy)[1] is a form of democracy in which people vote on policy initiatives directly, as opposed to a representative democracy in which people vote for representatives who then vote on policy initiatives

 

By calling a federal referendum a group of citizens may challenge a law that has been passed by Parliament, if they can gather 50,000 signatures against the law within 100 days. If so, a national vote is scheduled where voters decide by a simple majority whether to accept or reject the law. Eight cantons together can also call a referendum on a federal law.[51]

 

 

Can you imagine how wonderful that must be?    Our faux-democracies are representative ones, where we elect representatives who then ignore our wishes and do what they want.

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 The solution is the equal ditribution of wealth. Swiss minimum wage is 50,000 euro a year, and big wigs are restricted to earning maximum twice the minimum wage!

 

So are you suggesting that 244.8 million people all make the same amount of money even though only 142.2 are working?  Not sure where you're expecting the money to come from in that scenario, but I'm guessing if everyone realizes they're going to get the same amount of money whether they work or not there will very quickly be a lot more people not working than working, and eventually it's quite possible that no one will.  So what is your plan for keeping the workforce numbers up?  There must be a very strict way to force the citizens of your country to get the work done.  One way would be to take all guns or any kind of weapon from the people and put them in the hands of a select group who are charged with forcing everyone else to work.  Is this part of your plan? 

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I  work full time as a single mom of two boys. I bust my but everyday and can barely pay my bills. Yes, my family and I qualify for food stamp money and state health insurance. I am not sitting on my butt just collecting benefits. I am a hard working person that just can't make enough money so I asked for help. And I thank God everyday we have received some help. And about 6 years ago, I was laid off from my job and I collected unemployment till I found another full time job. And by the way, the unemployment money was MY money. You don't ever get to collect unemployment if you have never worked and earned the money in the first place. All the taxes that were taken out of my paychecks helped fund my unemployment benefits so it would be there when I needed it.  People have this image that anyone who ever falls on hard times and needs help are worthless beggars. And Iam really tired of it!! My road as a single parent has not been easy, I worked crap jobs to support my kids and I would do it all over again. I am not ashamed though to receive a helping hand. Maybe if some people had more compassion or understanding of what others have to go through they would not act so judgemental and snobby.  God help you if you ever need help and you get a caseworker that has your same ideals and selfish beliefs.

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I  work full time as a single mom of two boys. I bust my but everyday and can barely pay my bills. Yes, my family and I qualify for food stamp money and state health insurance. I am not sitting on my butt just collecting benefits. I am a hard working person that just can't make enough money so I asked for help. And I thank God everyday we have received some help. And about 6 years ago, I was laid off from my job and I collected unemployment till I found another full time job. And by the way, the unemployment money was MY money. You don't ever get to collect unemployment if you have never worked and earned the money in the first place. All the taxes that were taken out of my paychecks helped fund my unemployment benefits so it would be there when I needed it.  People have this image that anyone who ever falls on hard times and needs help are worthless beggars. And Iam really tired of it!! My road as a single parent has not been easy, I worked crap jobs to support my kids and I would do it all over again. I am not ashamed though to receive a helping hand. Maybe if some people had more compassion or understanding of what others have to go through they would not act so judgemental and snobby.  God help you if you ever need help and you get a caseworker that has your same ideals and selfish beliefs.

 

Situations like yours are exactly the reason why a welfare system is important and of course there is absolutely no shame in benefiting from it. Hard times could fall on any of us at any time in which case we would need a helping hand as well as you pointed out. Even if there are/were lazy people taking advantage of welfare when they could be making a living through better employment, it doesn't change the fact that the welfare system is a good thing.

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 My road as a single parent has not been easy, I worked crap jobs to support my kids and I would do it all over again. I am not ashamed though to receive a helping hand. Maybe if some people had more compassion or understanding of what others have to go through they would not act so judgemental and snobby.  God help you if you ever need help and you get a caseworker that has your same ideals and selfish beliefs.

 

 

I don't think anyone is saying that there shouldn't be help for a small minority, a safety net.  

 

And although it maybe true where you live that you cant collect unemployment if you havent paid in, in the UK people in your position a single mum with a couple of kids get thousands of pounds having never worked.  This is not magic money, it is tax taken from people who are working.  Some of which find they cannot afford to have their own kids, because they are taxed so heavily to pay for other peoples?  Is that fair do you think?

I know lots of people who have left having children till their mid to late 30s and then found they have fertility problems.

 

In America property prices have crashed, in the UK property remains 6 times the average salary. Before the boom it was 3 times.  People cant afford the buy a house, to have children, yet those that get free houses and free money have lots of children as the more they have the more money they get. It cant continue.

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I was not aware of the fact that in the UK people get unemployment even though they never paid into it. I am glad you pointed that out Neo. And in this instance I understand where you are coming from. I agree with you, it can't continue. No it is not fair.  What are the officials in the UK doing to try to reform this? Is there anything that they are trying to establish to help the working class people?

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I am a senior lady, and because I spent my younger years at home raising my children, I now only qualify for about $400 retirement SS . I was receiving SSI and Medicaid that paid for my heart medicine, but now they have taken this away from me, and I am struggling to make it on the $400 per month. Is this a conspiracy ? The CT'er in me thinks so. Take away money and meds from the oldsters, they die without their meds, and then the government gets the SS money.However, while the govt has taken benefits away from America's seniors, they are now adding these programs for the illegal aliens living in our country . Is there a plan to this also ? Again, I think there is one. The benefits are the bait. The illegals are swarming in; obviously, the govt is not going to send them back, so they must serve a purpose. If they legalize them, and make them pay taxes, rather than work for cash, then we have just added a huge bunch of young tax paying workers (and soldiers).I don't know if this is where things are going, but it is the explanation that makes the most sense to me.

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The simple answer is to restrict benefits to those who have made contributions. I can understand the lady who has spent her years raising kids as part fo a family unit worrying but there should be provision for her from contributions made by her other half - as long as they are married.

As for the question of healthcare costs, that is one that wont go away either in the US or the UK.

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 The solution is the equal distribution of wealth. Swiss minimum wage is 50,000 euro a year, and big wigs are restricted to earning maximum twice the minimum wage!

 

I agree with this. Im not from the states so its a bit different here. However, we are having a big problem with alot of employers expecting ridiculous qualifications but still paying minimum wage. They are expected people to have university degrees, completely bilingual, so many years of work and this and that just to have a minimum wage job. How could anyone ever afford to pay off school if this is a requirement, they would be in debt forever just trying to make money back to cover their schooling costs. Yet there are people out there in positions where they dont do a whole lot and make a ton of money doing it while there are over qualified and deserving people who cant even get a job. Something should be done.

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"Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people's money. It's quite a characteristic of them."

 

(Margaret Thatcher, in a TV interview for Thames TV This Week on Feb. 5, 1976)

 

The biggest problem with our current leadership (DEM & GOP) is that the majority are closest socialists and do not even know it. Most of the U.S. population are socialists and do not know it. Blame the communist inspired progressive education movement.

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Common Zimm, you are quoting Thatcher as an authoriity on fiscal responsibility. You know that this witch blew money like crazy on nukes and wars.

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I am someone who has been on benefits before, and have never contributed into the system. But I hate when people say that people who do not work are scrounging off of people who do work. In this case, I would have to use this credo: 'Don't hate the player; hate the game.' In other words, it is not up to the unemployed to decide where their benefits come from. The government don't have to take money out of employed people's pockets and give it to people who are unemployed. They could make more money and make everybody's lives a little bit easier. I think that the government do it on purpost, because it causes arguments, and resentment, all whilst they run the country however they feel like it and reap the benefits of none of us paying attention.

 

I don't want to work, and I have no problem saying that. having said that, if I did work, I would be really annoyed about having to pay for people who don't work. The fault lies with those who allow money to be taken from people who who work, and I think they know exactly what they are doing.

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I am someone who has been on benefits before, and have never contributed into the system. But I hate when people say that people who do not work are scrounging off of people who do work. In this case, I would have to use this credo: 'Don't hate the player; hate the game.' In other words, it is not up to the unemployed to decide where their benefits come from. The government don't have to take money out of employed people's pockets and give it to people who are unemployed. They could make more money and make everybody's lives a little bit easier. I think that the government do it on purpost, because it causes arguments, and resentment, all whilst they run the country however they feel like it and reap the benefits of none of us paying attention.

 

I don't want to work, and I have no problem saying that. having said that, if I did work, I would be really annoyed about having to pay for people who don't work. The fault lies with those who allow money to be taken from people who who work, and I think they know exactly what they are doing.

 

We pay people who don't work so they can live and not steal from us.  That's the only reason in my opinion.  Im not really sure who you are referring to when you say "they could make more money and make everybody's lives a little bit easier".  Are you referring to the government?  The government don't make any money, its all stolen from the people.

 

No one wants to work.  I certainty don't, its boring and a waste of life.  However think of this.  Given that about half of my money is taken from me to support others, that means I have to work twice as long as I would have to if I was just supporting myself.

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We pay people who don't work so they can live and not steal from us.  That's the only reason in my opinion.  Im not really sure who you are referring to when you say "they could make more money and make everybody's lives a little bit easier".  Are you referring to the government?  The government don't make any money, its all stolen from the people.

 

No one wants to work.  I certainty don't, its boring and a waste of life.  However think of this.  Given that about half of my money is taken from me to support others, that means I have to work twice as long as I would have to if I was just supporting myself.

I know that the money is stolen from all of the people, which I whole-heartedly believe is wrong, because people don't even want to work to begin with, never mind having some of your wages taken and given to someone else at the end of it. Whoever is in control of the money system, and decides where money goes and comes from need to make more money. They could come up with a completely new system to where people who work wouldn't have to give their wages to people who don't, but they don't for the reasons that I stated above, I believe. Your reason about unemployed people being paid to stop them from stealing from those who work is valid, but people who do not work will still steal, because the benefit money that they are given is not nearly enough to live comfortably on.

 

I truly believe thatone of the reasons that money is taken from the working and given to those who are not to create resentment and bitterness. I understand tax money going to hospitals and schooling and stuff like that, but your hard earned money should not go to the unemployed. It's unfair and there are probably a million different ways that the unemployed could be sustained.

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Switzerland is a far smaller country and it's somewhat questionable how they attained their wealth. I think the traditional model of working a forty hour week for a single employer is gone or soon will be. It's a matter of finding as many jobs as you can so you  can pay the rent. Part-time, contract, whatever you can find. Even a good education can't guarantee a good future anymore.

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So are you suggesting that 244.8 million people all make the same amount of money even though only 142.2 are working?  Not sure where you're expecting the money to come from in that scenario, but I'm guessing if everyone realizes they're going to get the same amount of money whether they work or not there will very quickly be a lot more people not working than working, and eventually it's quite possible that no one will.  So what is your plan for keeping the workforce numbers up?  There must be a very strict way to force the citizens of your country to get the work done.  One way would be to take all guns or any kind of weapon from the people and put them in the hands of a select group who are charged with forcing everyone else to work.  Is this part of your plan? 

 

I do not know what you are driving at. But exploited land like Cuba, which suffered huge dprivations and hunger, is not doing too badly under socialism, everybody eats, everybody is treated in hospital for free, everybody gets an education for free, which we do not have in USA

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The interesting thing about Switzerland is that is the last true democracy in Europe, it is a direct democracy.

 

 

 

By calling a federal referendum a group of citizens may challenge a law that has been passed by Parliament, if they can gather 50,000 signatures against the law within 100 days. If so, a national vote is scheduled where voters decide by a simple majority whether to accept or reject the law. Eight cantons together can also call a referendum on a federal law.[51]

 

 

Can you imagine how wonderful that must be?    Our faux-democracies are representative ones, where we elect representatives who then ignore our wishes and do what they want.

In addition to this Swiss citizens decide who is acceptable to be a citizen and who is not. If you want to be a citizen of Switzerland you have to get the support of your neighbors, otherwise you are rejected

 

I do not rate Switzerland as a democracy, it is a National Socialist republic

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