Another productive nation is turning into a welfare state. Anybody who knows anything about Asian cultures knows that they simply don’t do welfare. They believe it is shameful to take handouts from the government (or anybody). For the Japanese to turn to welfare in such large numbers really says something about how the world is turning.
Japan seems to be following the U.S. down the path to insolvency and a socialist welfare state. Or maybe they are following Europe down the same path. Japan is a dead man walking.
Japanese Welfare Recipients Hit All-Time High
Submitted by Tyler Durden on 03/13/2013 20:52 -0400
Over the weekend we learned that the most indebted nation in the world (net of unfunded liabilities), that would be the US, just hit an all time high in foodstamp recipients, which when added to record disability recipients, and various other programs providing for free benefits and entitlements, means that just as the US hit a record Dow Jones (and total Federal debt) print, it at least had a record amount of welfare recipients to show for it.
In this context it is probably to be expected then, that that other hyperdebtflationary Keynesian basket case, Japan, just reported that the number of people receiving entitlement benefits just hit an all time high as well. Because the one thing insolvent misery certainly loves is company. Preferably globalized company, just so when the global statist syndicate needs to threaten a record number of people with pulling their welfare privileges should it not get its now periodic taxpayer-funded bailout every several years, it gets a very enthusiastic and prompt global response.
From Japan Times:
The number of people receiving welfare benefits nationwide hit an all-time high for the eighth consecutive month in December, totaling 2,151,165, the welfare ministry said Wednesday.
The number of households on welfare hit 1,570,823 — also a new record.
These represent rises from the 2,147,303 individuals and 1,567,797 households as of the end of November.
Households of recipients aged 65 and older accounted for more than 40 percent of the total, at 681,229, while households with ill or injured people totaled 297,923.
Meanwhile, recipient households that include family members who can work totaled 289,197, with the proportion of those households having grown markedly over the last decade.
Perhaps what is most surprising is that Japan, which has a population that is about a third of the US, has a “record” number of welfare recipients that is 2.2 million. In US terms this would be a measly 6 million, or less than the foodstamp recipients of just New York and California.
So what does it say about the US when the country with the record 220% debt/GDP has about one-tenth the official number of citizens on welfare? And just how will America’s ~90 million welfare queens survive if and when i) the time truly does come to pull some of the trillions in deficit funded handouts, and ii) inflation finally does arrive and costs soar, but not the weekly government check? Surely there is no need to be concerned – we are confident the central planners are way ahead of us on this one too.
The Unsustainable Growth of Welfare
Despite spending $17 trillion since the War on Poverty began in 1964, welfare programs have failed to reduce the causes of poverty, and instead have hurt many of the people they were intended to help. Poverty in America is overwhelmingly linked to the absence of fathers and a lack of work, but welfare payments have had the destructive effects of eroding marriage and the work ethic in low-income communities. The welfare reform of 1996 transformed one program, significantly reducing welfare rolls and lowering child poverty. But today that reform is in jeopardy, and some 70 other federal means-tested programs need similar reform.
Welfare on the Rise. The growth of welfare spending is unsustainable and will drive the United States into bankruptcy if allowed to continue unreformed. Welfare spending is projected to cost taxpayers $10.3 trillion over the next 10 years.
The President’s Budget. President Obama’s FY 2012 budget request would increase total welfare spending to $1.1 trillion, a 47% increase over welfare spending in FY 2008.
The Collapse of Marriage. The collapse of marriage is the predominant cause of child poverty in the U.S. today. When the War on Poverty began, 7% of children were born out of wedlock; today, the figure is over 40%. Most alarmingly, the out-of-wedlock birthrate among African–Americans is 72%.
Amnesty Will Make the Problem Worse. If the U.S. government were to grant amnesty or “earned citizenship” to illegal immigrants, the welfare system would be flooded with new recipients. Of the 11 million–12 million illegal immigrants in the U.S., at least half lack a high school degree