Thursday, January 31, 2013
The more you work, the less you get.
Last month, the Senate Budget Committee reports that in fiscal year 2011, between food stamps, housing support, child care, Medicaid and other benefits, the average US household below the poverty line received $168 a day in government support. What’s the problem with that much support? Well, the median household income in America is just over $50,000, which averages out to $137.13 a day. To put it another way, being on welfare now pays the equivalent of $30 an hour for a 40-hour week, while the average job pays $25 an hour. And the person who works also has to pay taxes, which drops his pay to $21 an hour. It’s no wonder that welfare is now the biggest part of the budget, more than Social Security or defense. And why would anyone want to get off welfare when working pays much less per hour. Sent by Prakash Bhartia. When young we had this logic question. The more you study, the more you know. The more you know, the more you know you don't know. The more you don't know, the more backward in studies you become. So - why study? The above also tells us the same. If you don't work, you earn more than if you do.