February 19, 2013

The Astonishing Growth of Government Spending on the Poor

Market wages have declined for the poorest 40 percent of the country and more than 33% for the bottom fifth. Without means-tested government transfers, income inequality would be much, much worse. With means-tested government transfers (particularly for health care) income inequality is at least somewhat mitigated.

Read more. [Image: Rorschach]

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    But this still isn’t enough, if you ask me. Why not just abolish Medicaid along with Affordable Care Act and substitute...
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