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government benefits

2 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Oct 25, 2024 by Phil Gramm · across every show →

Everything said about government benefits, oldest first

Oct 25, 2024
Assertion Supported
Bottom Quintile Real Government Transfers Grew From $9.7k in 1967 to Nearly $50k in 2017
“In 1967, when the warm poverty ramped up counting all transfer payments as income received, and all taxes paid as income lost, the average family in the bottom 20% of income earners in America got 9700 dollars in real purchasing power dollars adjusted for infl…”
Phil Gramm Oct 25, 2024 ▶ 6:25 Economist Vs. Billionaire: How The Myth Of Income Inequality Is Dividing America · Joe Lonsdale
Oct 25, 2024 negative
Assertion Supported
Gramm: 88% of Government Benefits to the Poor Are Not Counted as Income
“So in total, for the people who are classified as being poor in America, 88% of the benefits that they get from the government are not counted as their income.”
Phil Gramm Oct 25, 2024 ▶ 6:02 Economist Vs. Billionaire: How The Myth Of Income Inequality Is Dividing America · Joe Lonsdale
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