Tuesday, November 23, 2010

Entitlement: Head Of Household With 4 Kids On Minimum Wage Has More Disposable Income Than That Of One Making 60K

This sucks. I've always said to people that the ones that do the least, lie and kiss butt are the ones that get away with things. Even when I was working and for a long time, worked for minimum wage, I still never got assistance with Medi-Cal, or any other of these social services that I pay taxes into because "I wasn't poor" and "I wasn't rich". I was always in that little gray area that never qualified. I didn't understand it then, and I still don't understand it today. People like me who try to be honest in everything they do and say, always get blamed and left behind. Something needs to change.

Via Zero Hedge: 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.

Read the whole thing on Zero Hedge

2 comments:

Anonymous said...

Could you please tell me where your facts come from and show me how this is broken down, say low income vs middle class income and how low income people have more disposable income? I appreciate it!

Trigger said...

Yeah, follow the links