Now, tell me where the incentive to work in this country is? Emmerich sums it up as follows: "Not surprisingly, it is not only the richest and thieves (Wall Street) that prosper, but also the penny scammers at the very bottom of the economic ladder that rip off the middle class each and every day, courtesy of the world's most generous entitlement system." Have you had enough, yet?
The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Sunday, November 21, 2010
Entitlement America: Sad but True
You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job. This according to Wyatt Emmerich of The Cleveland Current. The following table illustrates that $16,000 in today's America is worth more than $60,000.
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