So if we take current means tested welfare expenditures and divide it by the entire population we get $9k/yr which is well below the current poverty line. If you wrote a check to everyone for right about the poverty line at 13k that would represent $3.4 Trillion, which is significantly more than the current expenses on mean tested welfare. To put that in proper perspective with the US’ GDP of roughly $19 Trillion that expense of $3.4 Trillion would represent 18% of the current GDP in the most prosperous nation on Earth currently. Okay, more time for analysis. Remember, […]
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