Tag Archive: Dependency

The Welfare Trap

One thing conservatives constantly worry about is the danger of creating a welfare trap: a situation in which the welfare state is so entrenched that working is actually less profitable than being dependent on the state.

Check out this amazing graph from The Spectator on the UK’s welfare system:

How’s that for a perverse incentive? Lost benefits and increased taxes mean that, for a single mother, increasing her earnings from 0 to 15,000 pounds only … Read more