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View Full Version : The Welfare Cliff



Taxcutter
12-03-2012, 02:32 PM
For folks making under $60k a year, there is less and less reason to go to work.

http://www.zerohedge.com/news/2012-12-01/why-americans-have-lost-drive-earn-more

$60k a year posits a $30/hr job working 2,000 hr/yr.

What happens when ObamaTax forces employers to split that 2,000 hr/hr job into two 1,000/yr jobs with no overtime (if applicable)? It’ll cost people money to work.

If everybody under $30k/yr goes Galt, who pays the taxes?

Cigar
12-03-2012, 02:37 PM
http://ts1.mm.bing.net/th?id=I.4749873828397204&pid=1.7&w=168&h=140&c=7&rs=1

What if Jimmy John starts laying off Employees ...

Peter1469
12-03-2012, 02:47 PM
We exempt too many people from having "skin in the game."

A nation can't survive that way.

Captain Obvious
12-03-2012, 08:03 PM
We exempt too many people from having "skin in the game."

A nation can't survive that way.

Agreed

corrocamino
12-04-2012, 06:06 AM
I think the cliff we're falling off is the post-Republic, Imperial cliff.

"Corporations have been enthroned, an era of corruption in high places will follow, and the Republic will be destroyed." -- Abraham Lincoln

Taxcutter
12-04-2012, 09:09 AM
Is dropping out of the work force and becoming a welfare mooch not the poor man's version of "going Galt?"

Why work when you can have more disposable income by mooching?

corrocamino
12-04-2012, 09:13 AM
We exempt too many people from having "skin in the game."

A nation can't survive that way.

Agreed. And we also have too many people who have someone else's skin in the game (think Goldman Sachs, inter alia).

Peter1469
12-04-2012, 09:15 AM
true