Tag: Welfare
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Welfare is Key to Entrepreneurship and Economic Growth
The Atlantic: Welfare Makes America More Entrepreneurial A common perspective among political conservatives, especially of the libertarian and Tea Party varieties, is that welfare is a drag on economic growth and a disincentive to initiative. Paul Ryan wants a safety net and not a safety hammock. Some libertarians don’t even want the net. It would…
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Economics Links
1. Huffington Post: Financially Speaking — Are We an Illiterate Nation? … Champlain College's Center for Financial Literacy released its '2013 National Report Card,' which quantifies what states are doing to promote financial literacy in the classroom. Only seven of 50 states surveyed came away from the study with an "A" rating. That's right, a…
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Americans’ 90% tax rate
CNN: Americans' 90% tax rate One of the challenging features of poverty aid is to avoid creating disincentives toward achieving self-sufficiency. … Take a hypothetical single mother of two, Jane, earning $18,000 a year. Earning an additional $1 will increase Jane's actual cash available to spend by just 12 cents. How can this be? The…
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True Progressivism: Inequality and the world economy
Economist: True Progressivism: Inequality and the world economy A new form of radical centrist politics is needed to tackle inequality without hurting economic growth … Does inequality really need to be tackled? The twin forces of globalisation and technical innovation have actually narrowed inequality globally, as poorer countries catch up with richer ones. But within…