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That's a crazy stat. In the UK, 53% of people are net recipients - about 2M people! (https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfin
by anax32 6d ago
That's a crazy stat. In the UK, 53% of people are net recipients - about 2M people! (https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/theeffectsoftaxesandbenefitsonhouseholdincome/2024 https://www.ons.gov.uk/peoplepopulationandcommunity/personal...)
State dependents - either benefits/welfare or employed - have a very different experience of the economy than others; the disconnected work/pay relationship.
The disconnect between income and effort is causing people to have warped priorities, which, ultimately, results in inflationary economics and impoverishment.