"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...
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."
This same trend is happening in just about every city, county and state budget in our country.
The government grows and the private sector shrinks.
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