Value of welfare payments in 40 states are greater than a job paying eight dollars an hour, according to the Cato Institute and other sources. In some states a worker would have to earn l5 dollars an hour to match the welfare payment.
What is the situation in Louisiana? Welfare benefits are valued at over $22,000, while a job paying eight dollars an hour would bring in $16,500 a year. That's not the complete story. The worker would pay payroll taxes plus possibly other taxes and deductions for health insurance. The welfare recipient, on the other hand, would not be required to pay any taxes.
I was surprised to learn that the value of welfare in neighboring states of Texas, Mississippi and Arkansas was $l0,000 a year less than that of Louisiana.
Obviously, welfare is a disincentive to work. At the present with Obama's policies, not many jobs are available for those who want to work.
What is the situation in Louisiana? Welfare benefits are valued at over $22,000, while a job paying eight dollars an hour would bring in $16,500 a year. That's not the complete story. The worker would pay payroll taxes plus possibly other taxes and deductions for health insurance. The welfare recipient, on the other hand, would not be required to pay any taxes.
I was surprised to learn that the value of welfare in neighboring states of Texas, Mississippi and Arkansas was $l0,000 a year less than that of Louisiana.
Obviously, welfare is a disincentive to work. At the present with Obama's policies, not many jobs are available for those who want to work.
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