Recently, a friend asked me what would I recommend his daughter major in as she begins college this fall. I thought for a moment and answered “welfare”. The father was quite taken back as I took out my IPAD and forwarded him some one of my files which contains our recent economic statistics.
There are 35 states in this country in which it is better to accept welfare than work at an entry level job.
Wayne Emmerich found that the family breadwinner who works only one week a month at minimum wage makes 92% as much as the breadwinner grossing $60,000 a year. Emmerich’s stats demonstrate that by working only one week a month on can save a lot of money in child care expense. But topping the list is Medicaid, which is accessible to minimum wage earners and the program has very low deductibles and co-pays. In short, by working only one week a month at a minimum wage job, a minimum wage earner is able to get total medical coverage for next to nothing courtesy of you and me.
The middle class is not as lucky as the $60,000 breadwinner pays out approximately $12,000 per year in health insurance costs with an additional $4,500 in co-pays. And if anyone in the part-time minimum wage earning family is disabled, SSI pays out an additional $8,088 per year. When one begins to calculate the expenses incurred by a typical breadwinner making $60,000 per year, compared to the part time minimum wage worker, coupled with minimum wage earners tax supported federal bailouts for these freeloaders, the poor have more discretionary income than those who pay the taxes that run the country. And if the part time minimum wage worker is willing to cheat and participate in the underground economy, they will have significantly more discretionary income than their hard-working $60,000 per year counterpart who actually works for a living. In short, if you are a full-time employee making above minimum wage, you are paying for your own economic demise. The numbers here suggest that we’d be better off staying home and living off of the labors of what’s left of the middle class.
ht/ BolasDeDinero
I’d rather have my soul. To hell with the loafers. I know people like that. They’ve traded themselves for the dole because its hard or my back hurts or why bother. Glassy eyed boring zombie boob tube whiners.
Stay away from me. I’m busy.
As Dinesh D’Souza says: When there are more people in the wagon, than pulling the wagon, that’s when the trouble starts. We’re getting there.
Wife and I had wondered how people can live hand to mouth and not get ahead. Even after losing my job 6 years ago, her salary was enough to still pay the bills and stash away some. Our obligations have decreased substantially since then, we paid the mortgage and the cars. Essentially we are responsible only for taxes after eating and have been that way for over 2 years now. Additionally, I bring to the table an extra $20k per year with my little self made business, while the wife’s salary has been constant.
We enjoy being debt free, we live a very conservative life, grow our own garden, raise our own chickens, have a couple kids, and dogs. We don’t buy much that isn’t needed, our computers are 8 years old, cars are 8 years old, gun is 40 years old, etc, we are not considered “consumers.”
Here’s the problem: In 2 years of increased salary, no debt and minimal spending, our grand total savings adds up to $286 after property taxes are paid tomorrow. Just can’t get ahead. WTF.
ECP. And you’re pulling. As Joe Biden say’s “Don’t give up.” sarc.
This is why I love working under the table when I have the opportunity.
Every day is appreciated because I know for a fact that I’m cutting out the middle man.
It’s like giving yourself a 35% raise every day.
Stigmatize me if you want but the less money we give to the ‘government’ the less money they can piss away on some stupid wasteful project.
Forgot to include Earned Income Tax Credit. $3200 for 1 child, $6000 for 3 future cigar thieves. Mo’ money, baby!
My dad retired from real estate and for 20 years worked on lawn mowers as a hobby. He was always busy and made money too. He got paid in cash.
Thanks, Fur. This is just the thing to motivate me as I get ready for another day in New York City Family Gulag.
BTW, I have had no cost of living increases since 2011. Welfare benefits, however, have risen 15% during this same period.
More benefits if you don’t get married also.
This article speaks the truth. Why work when you can loaf?
Welfare should not provide a comfortable life – just the minimal necessities. What really chaps my butt is the way the younger generation is pissing away the advantages that we provided them with our sacrifices. Right now, I’m so pissed at my son I could spit. We gave him a quality education, good living environment and help along the way as needed, including raising his daughters for 8 years because of his need to work. It was potty training all over again. We saved and invested wisely during our working years and have a comfortable retirement with house and possessions paid for.
Here’s the rub. He and spouse just bought a $700,000 house. Fine as long as work continues as is. If it doesn’t they stand to lose everything, because saving isn’t part of their vocabulary. I’m seriously thinking of changing my will.