21st Century Economics Defined
January 22nd, 2013 - 12:50 pm
“Only the rich can afford to work,” the Lion of the Blogosphere sagely notes:
In times past, someone like Evgenia wouldn’t bother having a job. Back then, work was something unpleasant that poor people had to do so they wouldn’t starve to death.
But times have changed. Poor people no longer have to work because they collect government handouts. Work is now a privilege to be enjoyed by the rich so that they can achieve self-actualization.
This observation holds true not just in Barack Obama’s America, but in England as well. But then, I’m repeating myself.
(H/T: 5′F)
A single mom is better off with a $29,000 job and welfare than a $69,000 job.
01/23/13 – AEI Ideas
The chart shows that a single mother earning a gross income of $29,000 recieves $57,327 in net income plus benefits. Earning a gross income of $69,000 yields $57,045 in net income with no benefits.