The Steep Penalty for Work

 

Tyler Durden of Zerohedge calls this chart and the news attached to it “stunning” and I can’t disagree. Well, I could, but I’d be lying through my teeth. Take a look, then continue on for some very hard and unpleasant truths about the government we now have.

Here’s what this means. You are better off if you earn less money, if you work less hard, if you lean more on government money taken from the pockets of your friends and neighbors, than if you worked harder and made four times as much.

Let that soak in for a second, then digest this one more morsel: these numbers exclude SSI benefits given to those the government deems “disabled”. If you include that “benefit”, the number goes higher. Much higher.

Isn’t it time we ended this? The way I see it, we can do it in a reasonable and orderly fashion or it’ll all come crashing down around our ears. We get to choose.

UPDATE: Dan Collins has more on what he calls “The Uncanny Income Valley”. I like that phrase. It captures well our natural instinct to recoil from something that purports to be normal but is truly not.

 
  • http://www.facebook.com/profile.php?id=1594144818 Derek Faulkner

    A friend of mine in Canada has his own business – his admin asst asked for a raise (she was making $14/hour) and if he wasn’t able to then she would have to go on public assistance – she could make more money doing nothing than if she worked! How pathetic is that? That is exactly where we are headed.

  • http://www.facebook.com/profile.php?id=1471726784 Delores Petersen

    love to work & get that pay check.free hand outs aren’t free someone has to work & supply that.

  • http://www.facebook.com/profile.php?id=1594144818 Derek Faulkner

    And, by the way, she wanted to work – it just wasn’t economically feasible for her to do so.

  • http://www.facebook.com/profile.php?id=1493312148 Jill Cyr

    A real eye opener!

  • http://www.facebook.com/profile.php?id=100000666517753 Robert Acosta

    This is sad….

  • http://www.facebook.com/profile.php?id=652425462 Derek Dahlin

    Disgusting

  • http://www.facebook.com/profile.php?id=1092656437 Alice Harper

    It’s just another way to keep everyone at about the same economic level… but of course, those “benefits” aren’t available to folks without children.

  • http://www.facebook.com/profile.php?id=1744455022 Susan Littlefield

    Just where do the IDIOTS think the money is comming from when no one is working

  • http://www.facebook.com/profile.php?id=1281463764 Dustin Randall

    There’s something missing from this chart; the cost of insurance that will be required under Obamacare, paid by the top earner in the chart. subtract another $12,000.

  • http://www.facebook.com/profile.php?id=1232172080 Jeff K Stone

    Income Guidelines for CHIP/Children’s Medicaid

    Your income is money you get paid before taxes are taken out. Children of families that earn higher incomes may also qualify in some cases.

    A family of one with a monthly income that is $931 or less, or yearly income of $11,170 or lesss, may qualify for Children’s Medicaid. A family of one with a monthly income of $1,862 or less, or yearly income of $22,340 or less may qualify for CHIP.
    A family of two with a monthly income that is $1,261 or less, or a yearly income of $15,130 or less, may qualify for Children’s Medicaid. A family of two with a monthly income of $2,522 or less, or a yearly income of $30,260 or less, may qualify for CHIP.
    A family of three with a monthly income of $1,591 or less, or a yearly income of $19,090 or less, may qualify for Children’s Medicaid. A family of three with a monthly income of $3,182 or less, or a yearly income of $38,180 or less, may qualify for CHIP.
    A family of four with a monthly income of $1,921 or less, or a yearly income of $23,050 or less, may qualify for Children’s Medicaid. A family of four with a monthly income of $3,842 or less, or a yearly income of $46,100 or less, may qualify for CHIP.
    A family of five with a monthly income of $2,251 or less, or a yearly income of $27,010 or less, may qualify for Children’s Medicaid. A family of five with a monthly income of $4,502 or less, or a yearly income of $54,020 or less, may qualify for CHIP.
    A family of six with a monthly income of $2,581 or less, or a yearly income of $30,970 or less, may qualify for Children’s Medicaid. A family of six with a monthly income of $5,162 or less, or a yearly income of $61,940 or less, may qualify for CHIP.
    A family of seven with a monthly income of $2,911or less, or a yearly income of $34,930 or less, may qualify for Children’s Medicaid. A family of seven with a monthly income of $5,822 or less, or a yearly income of $69,860 or less, may qualify for CHIP.
    A family of eight with a monthly income of $3,241 or less, or a yearly income of $38,890 or less, may qualify for Children’s Medicaid. A family of eight with a monthly income of $6,482 or less, or a yearly income of $77,780 or less, may qualify for CHIP.