In Entitlement America, head of household minimum wage > family making $60k

[101mpg]

http://www.zerohedge.com/article/en...um-wage-has-more-disposable-income-family-mak

Seems sustainable to me.

 

[ShawnD1]

LOL
Something tells me the person who wrote that has never had a minimum wage job. Guys making 60k get to buy a Condo eventually. Guys making minimum wage are on the brink of being kicked out of their basement apartment.

I also like it lists medicaid as paying you 16k per year. Sweet. How do I pay my rent with medicaid again?

 

[Infohawk]

LOL
Something tells me the person who wrote that has never had a minimum wage job.

Who cares if the guy hasn't had a minimum wage job? Maybe we should only have people who have immigrated here illegally comment on illegal immigration. After all, the rest of us haven't experienced it right?

 

[101mpg]

Who cares if the guy hasn't had a minimum wage job? Maybe we should only have people who have immigrated here illegally comment on illegal immigration. After all, the rest of us haven't experienced it right?

Sounds good to me, only millionaires can comment about millionaires.

 

[Throckmorton]

This is a repost and it was debunked before.

The key is the $16500 Medicaid number

 

[Throckmorton]

Who cares if the guy hasn't had a minimum wage job? Maybe we should only have people who have immigrated here illegally comment on illegal immigration. After all, the rest of us haven't experienced it right?

It's called being completely out of touch with reality, to the point that you claim someone making minimum wage is better off than someone making $60k.

 

[Siddhartha]

LOL
Something tells me the person who wrote that has never had a minimum wage job. Guys making 60k get to buy a Condo eventually. Guys making minimum wage are on the brink of being kicked out of their basement apartment.

I also like it lists medicaid as paying you 16k per year. Sweet. How do I pay my rent with medicaid again?

People who make minimum wage are sharing houses, apartments, or living in rooming houses.

 

[IronWing]

http://www.zerohedge.com/article/en...um-wage-has-more-disposable-income-family-mak

Seems sustainable to me.

Follow the money and see who is really being subsidized here.
Medicaid => wealthy doctors and medical complex
Section 8 => slumlords
Utility assistance => utility providers
Food stamps => farmers and food supply middlemen
School lunch => food supply middlemen

That leaves $5020 in cash subsidies at the $14500 level.

 

[Double Trouble]

If you look at total benefits (all forms), I don't doubt that it's true. The issue is that while the minimum wage worker might get more total benefits (including medicaid), those higher total benefits don't add up to a higher quality of life.

There's still something wrong though when gubmint bennies are so high that you get more from that than doing actual work.

 

[her209]

http://www.zerohedge.com/article/en...um-wage-has-more-disposable-income-family-mak

Seems sustainable to me.

Couldn't find the original article at http://www.theclevelandcurrent.com to find the assumptions being made about the numbers. For example, why is childcare cost lower for the lowest earner and the same for other earners? Also, is the "Money Earned In a Year" the adjusted gross income, i.e., not including things like 401(k) and IRA contributions, mortgage interest tax deductions, etc.

Tried going to the Mississippi's Department of Human Services and couldn't find the Benefits Calculator stated in the article.

 

[fskimospy]

This exact same thing has been posted before and proven to be false.

Not just false, but spectacularly, hilariously false.

 

[IndyColtsFan]

Yeah, this is a repost.

 

[rudder]

For example, why is childcare cost lower for the lowest earner and the same for other earners?

Here in Tennessee if I were to put a child in pre-school it would cost me around $700-900 month. However, if I made minimum wage I could send my child to a state funded pre-k class for $0 out of pocket.

 

[silverpig]

Couldn't find the original article at http://www.theclevelandcurrent.com to find the assumptions being made about the numbers. For example, why is childcare cost lower for the lowest earner and the same for other earners? Also, is the "Money Earned In a Year" the adjusted gross income, i.e., not including things like 401(k) and IRA contributions, mortgage interest tax deductions, etc.

Tried going to the Mississippi's Department of Human Services and couldn't find the Benefits Calculator stated in the article.

The linked article says that the lowest earner is working 1 week a month at minimum wage and thus saves big time on child care.

 

[Jhhnn]

Mississippi? They get $2 for every dollar they pay in federal taxes, mostly to keep their financial elite in power and the rest of the place mostly barefoot and pregnant.

The whole article and argument is total bunk- I'm sure Mississippians and people everywhere would much rather be working for $60K/yr than collecting govt bennies, but they'll take what they can get, even if it's just enough to keep them ignorant, just enough to prevent them from realizing that they're being exploited. So long as they can get Faux News on their big screen, beer at the liquor store, a little white lightning and some hillbilly heroin, they'll stay quiet, believe what they believe, and, most importantly, vote Republican. I mean, it's all about Values, right?

 

[umbrella39]

OP if you are going to repost crazy stuff at least provide some witty commentary. Entertain us.

 

[HeXen]

Who cares if the guy hasn't had a minimum wage job? Maybe we should only have people who have immigrated here illegally comment on illegal immigration. After all, the rest of us haven't experienced it right?

why not?. you should know what lack of experience does to people compared to experience. Perhaps you would like a non experienced mechanic form an opinion on whats wrong with your car?

 

[rudder]

Mississippi? They get $2 for every dollar they pay in federal taxes, mostly to keep their financial elite in power and the rest of the place mostly barefoot and pregnant.

The whole article and argument is total bunk- I'm sure Mississippians and people everywhere would much rather be working for $60K/yr than collecting govt bennies, but they'll take what they can get, even if it's just enough to keep them ignorant, just enough to prevent them from realizing that they're being exploited. So long as they can get Faux News on their big screen, beer at the liquor store, a little white lightning and some hillbilly heroin, they'll stay quiet, believe what they believe, and, most importantly, vote Republican. I mean, it's all about Values, right?

You do realize that Mississippi is largely an agricultural economy? You also must realize that whether you make minimum wage in Mississippi or California... you are getting the same amount of entitlements from the federal government. People in California benefit from a few very wealthy individuals and corporations. I know we have this concept of "donor" states... but really the majority of people in wealtheir states are not donors by any stretch of the imagination. faux outrage fail.

 

[CLite]

That article presents incorrect facts in some cases and is disingenuous in others.

When I used the IRS website (http://www.irs.gov/app2/cgi-bin1/wh10.cgi/p5/en) to calculate taxes for a 60,000 income with a medical cost of 16,500 and a childcare cost of 9,600, with 2 qualifying dependents I got $2,450 for income tax with a $4,590 payroll tax (7.65%) for a combined of $7,040, as opposed to $13,034 presented in this article.

I will define “disposable income” as money after medical/housing/food costs. A $60,000 income person has $10,553 disposable income and it must be more as the Mississippi tax can’t be accurate but I can’t find a free calculator. A $14,500 income person has $7,970 of disposable income

The $60,000 person certainly should have more disposable income, and the $14,500 honest person with children should be able to survive. The gap in % difference would grow if there are any other vital costs that aren’t included in the tab made by this person, and also if I am correct in assuming the Mississippi tax is inaccurate. There are criminals and gamers and they should be punished by law, but I’m quite sure the vast majority of poverty level individuals are honest workers who earn minimum wage & can’t work full time.

Medicaid certainly costs us a lot, around $300B a year, although we would end up paying some of it anyways with ER visits, food stamps cost $56B, NSLP is $16B, Section 8 around $28B, so say $400B. Meanwhile there are around $384B in subsidies that people below the poverty level could not dream of using. These subsidies go to noble causes, 401k, property tax deductions, etc., however they are only accessible by the middle to upper class, and more than $200B of the subsidies go to the top 5% of tax-payers ($167k or more). So in total our middle to upper class subsidies cost us about the same as our poverty level investments (of course there is a difference in direct cost versus indirect cost through a tax deduction).

This direction of rage to poverty stricken people is really pathetic, there is no way the majority of them are criminals and gamers. Anyone falling for this shit is just being tricked by political groups pandering for votes. There is no way just cutting out the entire $400B budget for poverty level families will suddenly cure our country, and fix 10%+ unemployment.

 

[Hacp]

Outrageous. I hate equality. Government takes from the middle class to give to the poor. AGAIN. FUCK.

Also, America's poor are the fattest in the world.

 

[Vette73]

REPOST and already blown out of the water by those that do not lack common sense.



But the nutters always eat it up.

 

[Jhhnn]

You do realize that Mississippi is largely an agricultural economy? You also must realize that whether you make minimum wage in Mississippi or California... you are getting the same amount of entitlements from the federal government. People in California benefit from a few very wealthy individuals and corporations. I know we have this concept of "donor" states... but really the majority of people in wealtheir states are not donors by any stretch of the imagination. faux outrage fail.

Heh. Lame obfuscation- why am I not surprised.

Maybe if Mississippians received the same payback on federal taxes as New Jerseyites, ~65%, they'd be better off, huh?

They already enjoy very low taxes, lousy schools, and an entrenched financial elite- why not let 'em have the whole "small govt" enchilada? I'm sure they'd just luv it, given their penchant for right wing rhetoric and the central tenets of conservative exploitation- "God, Guns and Gays!"

Ignorance sells, it's a fashion statement, but best of all, it keeps republicans in office...