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That would result in a eurozone dominated by Germany in which the divergence between the creditor and debtor countries would continue to widen and the periphery would turn into permanently depressed areas in need of constant transfer of payments.
Here are the facts about so-called mandatory entitlement spending in the U.S.: Out of a typical year's federal budget about half goes to transfer payments of various sorts--Social Security, Medicare, Medicaid, unemployment compensation, disability programs, etc.
The jobs gone elsewhere also result in much of our transfer payments for unemployment and food stamps.
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In other places, the influx of federal transfer payments kept incomes from falling much further than they would have.
But the measures of income usually reported as showing rising inequality do not even include such transfer payments in their definition of income.
When government expenditures take the form of bailouts and transfer payments, the results are even worse.
Efforts by Arizona authorities to fight the violence include intercepting wire transfer payments to smugglers of drugs and of human beings, Goddard said.
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In its review, the CBO found that households in the bottom 20 percent of the income distribution in 1979 received just over half of all government transfer payments.
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Consumers have surprised me in their ability to consume and save at the same time, even though much of the saving is being supported by transfer payments and the national impact so far has been offset by the negative saving of the government.
Finnish demographer Anna Rotkirch has pointed out that Europeans have tried to mitigate the impact of recession through generous transfer payments to young families.
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In the past couple of years, much of the saving by consumers has been of income received through transfer payments from the government, which were borrowed.
However, most of the money in this bill will be given to individuals and corporations in the form of tax rebates or transfer payments and will do nothing to reduce the barriers to commerce.
Before you apply for a balance transfer card, do the math to see if the amount of interest payments you save with the introductory offer is more than the balance transfer fee that has to be paid immediately.
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As Reynolds reports, most income received by the bottom fifth of households is from such transfer payments, nearly 80% in 2001, for example.
For the top fifth, by contrast, such transfer payments represented less than 2% of household income.
Person-to-Person (P2P) mobile payments that involve the direct transfer of funds from one person to another using a mobile device.
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An Israeli citizen was allegedly involved in "identifying, recruiting and transporting victims" and "ensuring the delivery of cash payments by electronic bank transfer" prior to surgery.
But even banks that claim to comply with it now, such as Britain's NatWest and Germany's Deutsche Bank, say they cannot guarantee a transfer time of less than six days for most payments by wire.
Economically, those purchases are treated as pure transfer payments, no different than any other form of shopping.
Among the 134 metro areas that saw personal incomes rise, most of the gains were from big jumps in transfer payments, the Commerce Department said.
The significantly higher tax base that would result under lower capital income taxes means that such a reform would be deficit-neutral, provided that either transfer payments were reduced by less than 2% of GDP or a national consumption tax of less than 3% were adopted.
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The committee generally also studies another monthly indicator of economy-wide activity, personal income less transfer payments, in real terms, adjusted for price changes.
Historically, when that spending has gone towards projects with long productive lives (like roads, bridges or schools), it has worked out, but when the money is used for transfer payments, unneeded infrastructure (as in the case of Japan), or non-productive activities like war, the outcomes are less positive.
But in fact, China's version of "stimulus" has been arguably more responsible than America's, with more of it going to public works projects than simply to transfer payments for short-term consumption.
The ruling also applies to special kinds of grantor trusts, such as a generation-skipping trust, which is designed to avoid taxes at the grantor's children's deaths, as well as a grantor-retained annuity trust, where the grantor can transfer any amount of property betting that it will grow faster than the payments he is required to receive back from the trust over a period of years.
It is not selling any of its vast land holdings to provide resources to fund increased transfer payments to individuals or corporations.
When you add the costs of borrowing in aggergate to finance imports as a nation, transfer payments to the unemployed, consumption being curtailed, and main street businesses going out, those imported goods are costing us a fortune.
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Transfer payments are not reported as income on tax returns, so all of this income for lower income households is missed.
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In our generous society, the bottom fifth does receive a lot of transfer income from government programs, such as Social Security retirement and disability payments, federal, state and local welfare programs, education assistance, etc.
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