36 Chambers – The Legendary Journeys: Execution to the max!

December 6, 2012

Margins Matter

Filed under: Economics — Kevin Feasel @ 6:00 pm

Tyler Durden of ZeroHedge points out some of the insanity of our welfare state:  a single mother earning $29,000 a year has a higher take-home pay than a single mother earning $69,000 a year.  This isn’t new—Milton Friedman and Henry Hazlitt debated this same topic 45 years ago in National Review, where Friedman argued for a negative income tax and Hazlitt pointed out the “gap” once that negative tax wears off, thereby creating a disincentive for work.

And note that this is post-AFDC.  Before 1996, these numbers were even worse.

(Via John Hinderaker)

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