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)
36 Chambers - The Legendary Journeys: Execution to the max! 