We are better off than we were 6 years ago!
- Thread starter Tsing Tao
- Start date
Yes, and what percentage of the population do you represent, again? Remind us, would you?
Doesn't matter. Because of this country's falling LFPR I'm carrying a heavier load than ever. You don't hear me crying about it.
So what percentage more are you carrying now? Is it killing you? Sure sounds like it.
Thats right , smart people make money in booms and busts.
Is Canada also seeing a rise in people on welfare and SS disability. Serious question.
Where as you make your money by collecting government handouts, and allowance for cutting your parents grass.
That's a tough one. Canada's dependency ratio is rising, but that does not answer the question--some of those folks (also considered part of the labor force, as in the US) are retiring. So, I don't know. One would have to look up pay outs over population growth and factor in inflation.
Edit: the data shows the dependency ratio rising, yet immigration is huge in Canada. A couple of months ago Calgary was the fastest growing city in the world. Lot of brown and yellow skin around here lately. Maybe they're not all working, though in theory immigrants are not entitled to welfare for 10 years. Possibly the boomers are retiring fast.
George Will destroyed obamas better off comments, but i cant embed the video, here is a link to the video, followed by the transcript.
http://www.realclearpolitics.com/vi...ama_is_practicing_trickle-down_economics.html
GEORGE WILL: The president went to the state of Illinois to brag about the economy. Illinois has 300,000 fewer jobs than it had in 2008. For the last four years in the state of Illinois, the number of new food stamp recipients has increased twice as fast as the number of new job recipients. He was speaking in Illinois on a college campus. He did not mention that 40 percent of recent college graduates are either unemployed or underemployed -- that is, in jobs that don't require college degrees -- and one in three recent college graduates is living at home with their parents.
Now, the president, we just heard, disparage trickle-down economics while bragging about doubling the stock market value. He is practicing trickle-down economics by doubling the stock market. He, and, for six years now, and most recently under his choice to be head of the Fed, Janet Yellen, have had zero interest rates, the intended effect of which is to drive people out of bonds and into assets like farm land, but particularly into stocks. That is why this has been a boon to the 10 percent of Americans who own 80 percent of all the directly owned stocks. And this is why 95 percent of the wealth created in the last six years have gone to the dreaded top one percent.
http://www.realclearpolitics.com/vi...ama_is_practicing_trickle-down_economics.html
GEORGE WILL: The president went to the state of Illinois to brag about the economy. Illinois has 300,000 fewer jobs than it had in 2008. For the last four years in the state of Illinois, the number of new food stamp recipients has increased twice as fast as the number of new job recipients. He was speaking in Illinois on a college campus. He did not mention that 40 percent of recent college graduates are either unemployed or underemployed -- that is, in jobs that don't require college degrees -- and one in three recent college graduates is living at home with their parents.
Now, the president, we just heard, disparage trickle-down economics while bragging about doubling the stock market value. He is practicing trickle-down economics by doubling the stock market. He, and, for six years now, and most recently under his choice to be head of the Fed, Janet Yellen, have had zero interest rates, the intended effect of which is to drive people out of bonds and into assets like farm land, but particularly into stocks. That is why this has been a boon to the 10 percent of Americans who own 80 percent of all the directly owned stocks. And this is why 95 percent of the wealth created in the last six years have gone to the dreaded top one percent.
The President has to find everybody jobs, protect everybody from Ebola and teach everyone how to embed a video.