Doug Ross @ Journal: Don't fear the fiscal cliff -- fear the welfare cl...:
This guy reposts an article on how it's actually more profitable for a single mom to only earn $29K and get welfare than it is for her to earn $69K and benefits.
As the middle class gets taxed out of existence, many of them may throw in the towel and take the handouts rather than work. Then who's going to pay for all this welfare? Rhetorical question. Socialism works until you run out of other people's money. People will go Galt, and then they'll close the borders to prevent the flight of the former middle class. Don't want to let the cash cow out of the field, you know.
Here's the chart from the article