Opinion | Unrigging the Poverty Trap

  • 📰 WSJ
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

From WSJopinion : Critics of the welfare state sometimes call it a “poverty trap.” Here’s what that means in practice.

Critics of the welfare state sometimes call it a “poverty trap,” and here’s what that means in practice. “One in four low-wage workers,” according to a new study, “face lifetime marginal net tax rates above 70 percent, effectively locking them into poverty.” Incentives matter, and bad ones sap the motivation to climb the opportunity ladder.

The study, published by the National Bureau of Economic Research, has five authors, including David Altig, the director of research at the Atlanta Federal Reserve, Alan Auerbach, a UC...


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

opinion Billionaires have gotten 565 billion dollars richer since the covid crisis began. The wealthy are the poverty trap. This is guillotine level shit right now.

opinion Welfare state = the money con.... printed currency is a medium of exchange... that's all it is..... people can't live on paper....

opinion Wall Street is a corrupt Market thanks for F**KING Free Masons! السوق فى ويل استريت فاسد بسبب الماسونية الملعونة

opinion It means more poverty. Generations of it. Look at the damn inner cities!

opinion 42M unemployed and this is what you’re worrying about?!

opinion Don't even have to read this to know it is complete nonsense. The 'poverty trap' isn't real, just another excuse from the party that likes to make excuses but never policy.

opinion End the Fed

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Zealand tackles period poverty in the best way - with free sanitary products in schoolsPeriod poverty affects more than 90,000 girls in New Zealand, says PM Jacinda Arden – so they're doing something about it with free sanitary products for schools
Source: hellomag - 🏆 24. / 68 Read more »

New York protesters are trapped on the Manhattan Bridge with police waiting on both endsProtests following the death of George Floyd, a black man who pleaded that he couldn't breathe while he was held down with a knee by a former Minneapolis police officer, have spread nationwide. Follow here for the latest updates. 🙏🏻 Saw this in one of the Spider-Man movies Good!
Source: cnnbrk - 🏆 393. / 55 Read more »

5G conspiracy theorists hide razors and needles as booby traps for telecoms engineers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😭😭😂😂😂 e niente, se non c'ammazza il Covid19 ci ammazzerà l'ignoranza (che da sempre è la prima causa di morte)...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Child-Abuse Reports Are Falling, and That’s Bad News for ChildrenChild-abuse specialists are watching a nightmare scenario unfold since the coronavirus lockdowns began in mid-March, with a disturbing increase in severe hospital cases and a sharp drop in reporting due to school closures. We cant open up. America isnt ruined yet Child abuse and partner abuse does not need a lock down to exist. An escape is necessary combined with reporting. Fear of the unknown . plant the seed of knowledge and watch it grow into something beautiful .
Source: WSJ - 🏆 98. / 63 Read more »

D.C. Man Who Opened Door To Protesters: I Hope My Son Grows Up To Be Like ThemA Washington, D.C., man who is being praised for opening his home to protesters so they could escape arrest thinks the people he helped are the real heroes. “I hope that my 13-year-old son grows up to be just as amazing as they are'
Source: YahooNews - 🏆 380. / 59 Read more »