Glenn Reynolds in USA Today:
Here in the United States, a lot of programs officially aimed at the poor look suspiciously like subsidies to the New Class, too. Among “means-tested” programs, Food Stamps, now officially called SNAP, cover about 46 million people up to 125% of the poverty line (set at about $16,000 for a single mother and child). Other programs, such as the Earned Income Tax credit, cover people at slightly higher incomes, up to 200% of the poverty line. When federal spending on the dozens of programs are added up and state and local contributions included, the budget for assistance is about $1 trillion.
If we simply handed those people, perhaps 60 million of them, their share of the cash, that would be more than $16,500 each. A single mom and her baby would get over $33,000, twice as much as a poverty wage. A family of four would land more than $66,000, $15,000 more than the average family income.
So where’s the money going?
Take a guess — and read the whole thing.