DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - CBO: The Rich Get Richer and the Poor Get Poorer

**Grizli** · 10-28-2011, 06:38 PM

I would also be interested in the numbers if they didn't include people on government payments. I think almost 20% of the population is on social security. That could create a significant affect on the numbers. I'm not saying it will jump it up to 200% growth or anything, but a more accurate comparison about economic growth parities would probably be done by not including social services payments.

See the section "Effect of Government Transfer Payments.." on PDF page 35. See also any figures/passages that talk about "market income".

"Overall, transfers and federal taxes reduce income inequality."

"The redistributive effect of transfers and federal taxes was smaller in 2007 than in 1979." (attributed mainly to no means-testing for Medicare and cuts to TANF/AFDC)

It's a bit under 20% that get some form of OASDI.

10-28-2011, 06:38 PM	#12
Grizli Join Date Oct 2005 Posts 451 Senior Member	I would also be interested in the numbers if they didn't include people on government payments. I think almost 20% of the population is on social security. That could create a significant affect on the numbers. I'm not saying it will jump it up to 200% growth or anything, but a more accurate comparison about economic growth parities would probably be done by not including social services payments. See the section "Effect of Government Transfer Payments.." on PDF page 35. See also any figures/passages that talk about "market income". "Overall, transfers and federal taxes reduce income inequality." "The redistributive effect of transfers and federal taxes was smaller in 2007 than in 1979." (attributed mainly to no means-testing for Medicare and cuts to TANF/AFDC) It's a bit under 20% that get some form of OASDI.
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