Now, many people have pointed out that Eberstadt’s alleged evidence for the taker hypothesis is really mainly just saying that Medicare and Medicaid have gotten a lot more expensive. So I’m doing prep work for classes next semester, and I thought I’d just graph government transfer payments other than Medicare/Medicaid as a share of GDP. Here’s what it looks like:
So, as I read it, this number shoots up in recessions and their aftermath, then declines again, hitting a low during the later Clinton years; but there’s really no trend since the early 70s.
Indeed: the taking thing is all about health care. ...
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