From Legal Insurrection, via Tiger: 100% Plus Taxation Key To Permanent Dem Majority.
One quote:
To say that antipoverty programs in the United States are perverted may
be an understatement. When you take into account the loss of
means-tested benefits (e.g., cash assistance, food stamps, housing
subsidies, and health insurance), and the taxes that people pay on
earned income, the return to working is essentially zero for those in
the lower two quintiles of the income distribution.
For many of
the working poor, the implicit marginal tax rate is greater than 100
percent. The long-run consequence of undermining the positive incentive
to work is, of course, the creation of an underclass acclimated to not
working...