Friday, October 12, 2012

Some Poor Realities


The income estimates do not include unreported income, prevalent at the low and high ends of the scale. It also skips the value of services provided to our 2 million prisoners. By the way, the CBO is now basing its income estimates on the methodology exemplified in the graph. But, by including Medicare and Medicaid benefits as income, it completely alters the picture of inequality--and pushes the real working class to the bottom of the income pyramid.



A Republican doing what Republicans do not like to do: thinking seriously about reform of the welfare state, rather than wallowing in the idealistic rhetoric of abolition. The crux of his argument: "We can start by measuring outcomes (results) rather than inputs (how much money can we throw at the problem). Our effectiveness should be assessed, in part, by the per-person cost of moving individuals from dependency to self-sufficiency."

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