‘The American Welfare State: How We Spend Nearly $1 Trillion a Year Fighting Poverty — and Fail’

DONATING TO A NONPROFIT IS NOT THE SAME AS HELPING THE HOMELESS!

By Max R. Weller

Read the policy analysis from the Cato Institute published on April 11, 2012. Quoting below:

“In total, the United States spends nearly $1 trillion every year to fight poverty. That amounts to $20,610 for every poor person in America, or $61,830 per poor family of three.”

Consider that, while I go shopping at Walmart . . .

Now, listen to conservative economist Milton Friedman explain his concept of a Negative Income Tax (1968) in this YouTube video.

My own take: $$$ are there in abundance, good ideas abound, but the entrenched social services bureaucracy has no incentive to end poverty; indeed, their living depends on people continuing to be as poor as church mice.

61d8w

Lyndon Johnson, one of the worst presidents in our history.

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