Welfare Cliff

Discussion in 'Economics' started by GoldStandard, Jan 5, 2013.

  1. I'd like to get some responses to this chart:


    The article it is from can be found here: http://www.zerohedge.com/news/2012-11-27/when-work-punished-tragedy-americas-welfare-state

    and the subject is further expanded on here:http://www.zerohedge.com/article/en...um-wage-has-more-disposable-income-family-mak

    "If the family provider works only one week a month at minimum wage, he or she makes 92 percent as much as a provider grossing $60,000 a year."


    I'd particularly like to hear from some of the share-the-(other people's)wealth leftists who sometimes post here on ET. Does this situation seem smart or sustainable to you? How would you change things if you were in charge?