It looks like it pays not to work too hard. A minimum wage one parent family makes out so much better than the “middle class”. The full article runs more scenarios which make it even more advantageous. Note that at $60K, no health insurance is included. Include that, and it would be better to stay in bed. The original article appeared in National Review online.
I caught this over at Mark Levin’s place: comes from Wyatt Emerich of The Cleveland Current. In what is sure to inspire some serious ire among all those who once believed Ronald Reagan that it was the USSR that was the “Evil Empire”, Emmerich analyzes disposable income and economic benefits among several key income classes and comes to the stunning (and verifiable) conclusion that “a one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year.” And that excludes benefits from Supplemental Security Income disability checks. America is now a country which punishes those middle-class people who not only try to work hard, but avoid scamming the system. Not surprisingly, it is not only the richest and most audacious thieves that prosper – it is also the penny scammers at the very bottom of the economic ladder that rip off the middle class each and every day, courtesy of the world’s most generous entitlement system. Perhaps if Reagan were alive today, he would wish to modify the object of his once legendary remark.
More data here: More at Mark Levin If the $60K itemized line dosn’t appear on you computer, click on the link to Mark’s site. For more, click on Durden’s “Answer” after the link
Tonight’s stunning financial piece de resistance
The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A Family Making $60,000 A Year
Now where it gets plainly out of control is if one throws in Supplemental Security Income.
SSI pays $8,088 per year for each “disabled” family member. A person can be deemed “disabled” if thy are totally lacking in the cultural and educational skills needed to be employable in the workforce.
If you add $24,262 a year for three disability checks, the lowest paid welfare family would now have far more take-home income than the $60,000-a-year family.
For more, click on Durden’s “Answer” after the link