I’ve written and pontificated about the problem of government-created dependency and how the welfare state traps people in poverty.
I also shared this dramatic chart showing how redistribution programs create shockingly high implicit marginal tax rates for those with modest incomes.
But when a liberal writer for the New York Times basically comes to the same conclusion, that’s a sign that there may finally be some consensus about the need for reform.
Here’s some of what Nicholas Kristof wrote, beginning with an acknowledgement of the welfare state’s perverse incentives.
Read more: http://finance.townhall.com/columnists/danieljmitchell/2012/12/11/an_honest_liberal_confronts_the_problem_of_government_dependency/page/full/
I also shared this dramatic chart showing how redistribution programs create shockingly high implicit marginal tax rates for those with modest incomes.
But when a liberal writer for the New York Times basically comes to the same conclusion, that’s a sign that there may finally be some consensus about the need for reform.
Here’s some of what Nicholas Kristof wrote, beginning with an acknowledgement of the welfare state’s perverse incentives.
Read more: http://finance.townhall.com/columnists/danieljmitchell/2012/12/11/an_honest_liberal_confronts_the_problem_of_government_dependency/page/full/
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