Tag Archives : Poverty Trap
The Perverse Economics of Obamacare: Earn Less, Get More
Obamacare was put together by people who don’t understand economics. This is probably the understatement of the year since I could be referring to many features of the bad law. The higher tax burden on saving and investment, making an anti-growth tax system even worse. The exacerbation of the third-party payer problem, which is the […]
read more...How the Welfare State Traps the Poor in Dependency, the British Version
Back in 2011, I linked to a simple chart that illustrated how handouts and subsidies create very high implicit marginal tax rates for low-income people and explained how “generosity” from the government leads to a tar-paper effect that limits upward mobility. Earlier this year, I shared an amazing chart that specifically measured how the welfare […]
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