Matt Walsh
๐ค SpeakerAppearances Over Time
Podcast Appearances
And we'll put that up on the screen.
In scenario A, the mother is making minimum wage, $1,375 an hour.
In scenario B, the mother is making $110,000 a year at her job.
And in this comparison, after welfare benefits are paid out, including SNAP, child care assistance, Section 8 assistance, Medicaid, child tax credit, the woman with the minimum wage job ends up taking home $99,368 a year.
But the woman with the actual job
paying $110,000 a year, net's only $99,344.
That's less than the woman with a minimum wage job.
The woman with the high-paying job doesn't qualify for a premium tax credit or earned income credit or SNAP or Medicaid or Section 8.
She has to pay a lot more income tax.
So this is the system that
Democrats created, with a lot of help from Republicans, they've created a gigantic incentive for poor people to steal taxpayer money, and even for people who are not poor to steal taxpayer money.
According to the Congressional Budget Office, quote, for someone earning just below the poverty line, the effective marginal tax rate can jump from 14% to 34% or higher when they cross certain income thresholds.
So it's best to stay below the income threshold.
And at the end of the day, you have more money than the honest worker earning $110,000 a year.
But keep this in mind the next time you hear about the expansion of any welfare program in any context.
This is where it leads in every single case.
The only solution, what Nixon should have done, is to abolish all of it.
The only people who should receive government assistance to buy food are people who are about to starve to death
as demonstrated by a regular weigh-in.
And that will end up being zero people.