Back in 2013, my colleagues at the Cato Institute, Michael Tanner and Charles Hughes, released a study looking at the value of welfare programs in various states.
The most shocking finding was that the overall package of welfare benefits was greater than the median salary in eight states!
And more than 80 percent of the median salary in half the states.
That sounds like a hammock, not a safety net. No wonder taxpayers feel like they’re getting ripped off.
This system has been bad for taxpayers and bad for poor people.
Now Mike and Charles have a new study that looks at excessive welfare handouts in Europe. They start with an elementary observation about how people can be trapped in dependency when government benefits are too high.
If welfare benefits become too generous, they can create a significant incentive that encourages recipients to remain “on…
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