Sunday, December 12, 2010

It's Official -- Americans Better Off Living On Welfare Than Earning A Middle Class Wage

Something is seriously wrong with our nation when the working poor have more disposable income than the middle class.

You can do as well working one week a month at minimum wage as you can working $60,000 a-year, full-time, backing your back!

The chart tells the story. It is pretty much self-explanatory.

Tonight's stunning financial piece de resistance comes from Wyatt Emerich of The Cleveland Current. In what is sure to inspire some serious ire among all those who once believed Ronald Reagan that it was the USSR that was the "Evil Empire", Emmerich analyzes disposable income and economic benefits among several key income classes and comes to the stunning (and verifiable) conclusion that "a one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year." And that excludes benefits from Supplemental Security Income disability checks.

America is now a country which punishes those middle-class people who not only try to work hard, but avoid scamming the system. Not surprisingly, it is not only the richest and most audacious thieves that prosper - it is also the penny scammers at the very bottom of the economic ladder that rip off the middle class each and every day, courtesy of the world's most generous entitlement system. Perhaps if Reagan were alive today, he would wish to modify the object of his once legendary remark.

1 comment:

  1. The one big major glaring flaw here - is that they include Medicaid as part of the income, and also they do not show health insurance on the 60K salary.

    So, this chart is totally flawed, and incorrect.


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