Unsustainable Trend
Tue, May 25, 2010In a USA Today article University of Michigan economist Donald Grimes says the trend of private business paychecks shrinking and government-provided benefits growing is not sustainable.
"Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. "This is really important," Grimes says."
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