Economist Robert Samuelson paints a pretty bleak picture in an op-ed Is the economy creating a lost generation?
The essence of his opinion piece:
Archive for December 12th, 2012
Bummer: A lost generation?
December 12, 2012Work harder: An increasing number of folks are depending on you.
December 12, 2012In a prior post — Work harder: “Tax payer dependents” are counting on you. — we worked the nums to show that there are more tax payer dependent adults than there are private sector workers.
Specifically, there are about 121 million private sector works and about 122 million tax payer dependent adults — 89 million working age adults who aren’t looking for work, the 12 million unemployeds, and the 22 million government employees (yes, our tax dollars pay their wages, benefits, and over-stuffed pensions)
That’s a total of 122 million adults who are dependent on 121 million private sector workers.
Below are the totals over time.
Back in 2000, there were about 11% more private sector workers than tax payer dependent adults.
The lines crossed in mid-2009 … and now, there are about 1% more tax payer dependent adults than there are private sector workers.
So, we’ve got to raise taxes on the workers to support those who are dependent on them.
Ponder that when your alarm goes off tomorrow.
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Bummer: Small biz optimism slides.
December 12, 2012According to the most recent NFIB Survey of Small Businesses, the small business owners’ optimism index dropped 5.6 points to 87.5.
The NFIB says “apparently something happened in November to lessen optimism”.
Wild guess: they’re taking Obama’s obsession with jacking up their taxes personally …
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