Interesting perspective on welfare reform
http://www.sltrib.com/news/ci_6648087
Especially this:
But since completing her undergraduate degree - she now also has a doctorate and master's degree in social work - Stevens figures she has paid about $113,000 in federal income taxes. That's $97,000 more than was spent on her in cash and food stamps, a 600 percent return on the government's investment.
Her contributions don't end there, having spent a stint as treatment director for Salt Lake County's Division of Substance Abuse.
Had she forsaken school for minimum wage work, earning about $10,712 annually, she wouldn't have paid federal taxes until her children reached 18; her payback totalling $13,000 by the time she reached 65.
1 Comments:
ghd3,
Interesting blog. Have you read Peter Barnes' Capitalism 3.0? The author has some interesting ideas on the use of common wealth as a source of funds for higher education for people at all levels of income.
8:58 AM
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