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Podcast: Townhall Review | Commentaries
Episode: Ed Morrissey: Socialism and Other People’s Money
Description: "The problem with socialism," Margaret Thatcher famously observed, "is that you eventually run out of other people's money." New data shows that France is on the verge of exhausting this resource – but the US is not far behind. This week, Michael Arouet published what he calls "probably the scariest chart you'll see today," showing that only one-third of France’s population works in the private sector. “How are they supposed to feed the remaining two-thirds with their taxes?” Arouet wondered. Well might we wonder, too. The most recent data in the US shows that only 40% of the po...