September 6, 2012
Back in 1985, when Sting sang the falsetto intro for Dire Straits’ hit song, “Money for Nothing,” all he wanted was his MTV; he didn’t even want to get paid. Now, it seems, Americans want their, want their, want their entitlements. A record 46.7 million Americans got food stamps in June. Food stamp spending has more than doubled in the past four years, according to Bloomberg on Tuesday. The Wall Street Journal asked last weekend, “Are Entitlements Corrupting Us? … . Within living memory, the federal government has become an entitlements machine.”
Months ago, in May, The Socionomist wrote, “Seventy-five years of positive mood trend has entrenched the idea that the state can afford to support an ever-expanding percentage of its citizens. … the primary business of government has become writing checks to citizens.” TS charted “80 years of rise—a 17-fold increase—in U.S. government entitlements as a percentage of total personal income.” TS took the analysis further with a stunning chart of entitlements as a percentage of total federal tax receipts and a long-term socionomic forecast. Click here to read more.
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.