Thursday, June 12, 2014

Cato Institute: Welfare Now Better Than An Honest Day's Pay

Cato Institute: It’s now more profitable to sit at home than it is to earn an honest day’s pay.  (See sources at the bottom.)

Total insanity!

The Cato Institute released an updated 2013 study (original study in 1955) showing that welfare benefits pay more than a minimum wage job in 33 states and the District of Columbia.  Even worse, welfare pays more than $15 per hour in 13 states. 

According to the study, welfare benefits have increased faster than the minimum wage.

It’s now more profitable to sit at home than it is to earn an honest day’s pay.

Hawaii is the biggest offender, where welfare recipients earn $29.13 per hour, or a $60,590 yearly salary, all for doing nothing.

Here is the list of the states where the pre-tax equivalent “salary” that welfare recipients receive is higher than having a job:
1. Hawaii: $60,590
2. District of Columbia: $50,820
3. Massachusetts: $50,540
4. Connecticut: $44,370
5. New York: $43,700
6. New Jersey: $43,450
7. Rhode Island: $43,330
8. Vermont: $42,350
9. New Hampshire: $39,750
10. Maryland: $38,160
11. California: $37,160
12. Oregon: $34,300
13. Wyoming: $32,620
14. Nevada: $29,820
15. Minnesota: $29,350
16. Delaware: $29,220
17. Washington: $28,840
18. North Dakota: $28,830
19. Pennsylvania: $28,670
20. New Mexico: $27,900
21. Montana: $26,930
22. South Dakota: $26,610
23. Kansas: $26,490
24. Michigan: $26,430
25. Alaska: $26,400
26. Ohio: $26,200
27. North Carolina: $25,760
28. West Virginia: $24,900
29. Alabama: $23,310
30. Indiana: $22,900
31. Missouri: $22,800
32. Oklahoma: $22,480
33. Louisiana: $22,250
34. South Carolina: $21,910

As a point of reference the average Middle Class annual income today is $50,000, down from $54,000 at the beginning of the Great Recession. Hawaii, DC, and Massachusetts pay more in welfare than the average working folks earn there. Is it any wonder that they stay home rather than look for a job?  Time for a drastic change. America is virtually bankrupt.

Are we Nuts, or what?  How do we un-do this type of stupidity on the part of Americans? 

This is crazy:

Salary of retired US Presidents 
$180,000 FOR LIFE

Salary of House/Senate....$174,000 FOR LIFE
This is stupid.

Salary of Speaker of the House ....$223,500 
This is really stupid.

Salary of Majority/Minority Leader $193,400 
Ditto last line.

Average Salary of a teacher. .. $40,065.
Average Salary of Soldier DEPLOYED IN AFGHANISTAN .. $38,000

Think about this:

Nancy Pelosi will retire as a Congress Person at $174,000 Dollars a year for LIFE. She has retired as SPEAKER at $223,500 a year.  PLUS she will receive an additional $193,400 a year as Minority Leader.

That's $803,700Dollars a year for LIFE including FREE medical, which is not available to us ... the taxpayers.

I think we have found where the budget cuts should be made!

If you agree ..... share it, Maybe it will wake somebody up!

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