> For every one dollar received, total household income excluding the transfers fell by ‘at least 21 cents,’ and total individual income fell by at least 12 cents or $1,500/year.
The fall in transfer income of $4,100/year matters a lot if you’re Giving People Money privately. That wipes out a third of gains. For government it is presumabl…
> For every one dollar received, total household income excluding the transfers fell by ‘at least 21 cents,’ and total individual income fell by at least 12 cents or $1,500/year.
The fall in transfer income of $4,100/year matters a lot if you’re Giving People Money privately. That wipes out a third of gains. For government it is presumably a wash.
I don’t understand. I thought the fall was non-transfer income. How is it a wash for government?
> For every one dollar received, total household income excluding the transfers fell by ‘at least 21 cents,’ and total individual income fell by at least 12 cents or $1,500/year.
The fall in transfer income of $4,100/year matters a lot if you’re Giving People Money privately. That wipes out a third of gains. For government it is presumably a wash.
I don’t understand. I thought the fall was non-transfer income. How is it a wash for government?