Sunday, March 18, 2012

Middle-Class Welfare State Is Invisible by Design: Ezra Klein - Bloomberg

Middle-Class Welfare State Is Invisible by Design: Ezra Klein - Bloomberg: "The more a government social program benefits wealthier Americans, the less obtrusive it is. We design policies for the poor in ways that make it hard to escape the knowledge that the government is providing help. But richer Americans rely on programs that are “submerged.” The Tax Policy Center  estimates that eliminating all individual-income tax expenditures would raise levies on the bottom 20 percent by $931. For the top 1 percent, the tax increase would be almost $280,000. (Notably, both President Barack Obama  and Mitt Romney  have talked about cutting back on tax expenditures for the wealthy, but neither has provided details.) Even so, many middle class and wealthy beneficiaries have no idea that they’re receiving any government assistance at all."

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