The story of a welfare state…

2 Apr

Source

The welfare state starts with a few people on the wagon of government support. As time passes, more and more people clamor for government support and hop onto the wagon. It ends when the falling number of people pulling the wagon (i.e. people paying taxes) are unable to pull anymore (i.e. taxes are insufficient to meet expenditure).

For evidence, please see the European countries now bust.

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One Response to “The story of a welfare state…”

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  1. The middle class loves the welfare state – but the poor hate it, because they see the devastating impact it has | Talesfromthelou's Blog - April 3, 2013

    […] The story of a welfare state… (economese.wordpress.com) […]

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