High Implicit Tax Rates Trap Poor People in the Quicksand of Government Dependency | International Liberty
High Implicit Tax Rates Trap Poor People in the Quicksand of Government Dependency September 10, 2021 by Dan Mitchell
The welfare state and the so-called war on poverty has been very bad news for taxpayers. But it’s also very bad news for poor people, in part because various redistribution programs can lure them out of the productive economy and into total dependency on government (and this will become an even bigger problem if Biden’s per-child handouts are approved).