Some cry socialism and cry that capitalism is being destroyed. Some cry that capitalism has lost its allure and people don't start bussinesses at desired and needed rates, finding it easier to play the casino of investment and not waste time and capital on "production" of stuff that might not sell fast, etcetc. Some blame the government for ruining the game for market makers, the lords of the casinos, the ones who , according to this fantasy adult nursery rhyme, create the oportunities for employment by "funding" companies that need employees. We know they don't fund anything, but act as loansharks. But that's still not the point here.
What happens when the government runs out of people in jobs to tax? When it runs out of corporations who have exposed money they can confiscate as tax? What happens when the greatest input of cash is checks the government writes? These checks may be to the unimployed, the unemployables, corporations with good connections, farmers with good connections and insufficient prices coming for their crops, they may be checks to the casino and its bankers.
So now comes the headline: Private pay shrinks to historic lows as gov't payouts rise, found at link to www.usatoday.com
and it tells us that "Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds."
The article quotes liberal elitists on how this proves the recovery is doing fine. It quotes the more realistic Hover Inst. But it all leaves me wondering if I am wrong in maintaining that the end is not near. That is, I reconsider it may be a long long long protracted death, but rather may be merely long long and painful.