. . . by low-income folks by paying them not to work and taking care of their basic needs with programs to provide a roof, a bag of Cheetos, and a doctor -- all of which will evaporate if they are caught working.
Here's one big way it discourages work by high-income folks:
A well-off retired man I know does a little consulting on the side, for fun and profit. Who can't use a few extra dollars for movies and popcorn?
He just posted a 1099-Misc from one customer who paid him about $4000 last year.
According to TurboTax, President Barack Hussein Obama and his minions will get 48.3 percent of that money, and the chagrined retiree can keep only 51.7 percent.
Out of which -- of course -- he will also pay sales taxes, property taxes, gasoline taxes, and whatever other taxes are embedded in the prices of things and services he purchases.
The point is that in the end, government will take more than one-half this money, a signficant percentage of which will then be paid out in grants and services to poor people to dampen their incentives to work.
This is a vicioius cycle.
Remind me again, smart guys and gals: How does it make sense, either for the poor or for the rich?
If the Leviathan state has a better claim than you and I, if we are well-off, to more than one-half our marginal dollars, why work at all?