Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By NC Renegade (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Underground Economy Is Unravelling

% of readers think this story is Fact. Add your two cents.



From Grok concerning the size of the Underground Economy:

The size of the underground economy in the United States can vary significantly based on different estimates and methodologies used for measurement. According to various analyses:

  • Estimates from recent years suggest that the U.S. underground economy could be between 6.4% and 12% of the Gross Domestic Product (GDP). This means that a significant portion of economic activity is not officially recorded or taxed.
  • Another source indicates that the underground economy might be around 8% to 14% of the GDP, potentially amounting to as much as $2 trillion in economic activity. This figure was discussed in the context of the early 2010s, suggesting a persistent challenge in measuring this sector accurately due to its nature.
  • More specifically, for 2024, one estimate pegged the shadow economy at about 10% of the U.S. GDP, which would equate to approximately $2.5 trillion in untracked economic activity.

These figures show that while there is no exact number, the underground economy constitutes a non-negligible part of the overall American economic activity. The variation in estimates reflects the challenge of measuring activities that are by definition hidden from official scrutiny.

~~~~~~~~~~~~~~~~~~~~~~~

I sold some firewood yesterday at what I felt was a fair price. After I helped load the truck, the woman offered me more than twice what I had asked. I did not take it but I did take some extra for helping load the truck. It got me thinking about the two-tiered payroll system that our country has. People are charging and making much more money that I feel is fair or ever received.

How do we make the payroll equitable in the country? We can eliminate the underground economy which is not paying taxes but using our services. Imagine the impact on our costs if we had to close schools, medical services and regular services because demand/customers has substantially decreased. Competition will bring prices down and people will actually appreciate having a job.


Source: https://ncrenegade.com/the-underground-economy-is-unravelling/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.