IBD reports:
Since the end of the recession in June 2009, the number of job openings in the private sector has steadily climbed — just as one would expect to happen as the economy recovered.
There's more:
Democrats who controlled Congress at the time made several changes to anti-poverty subsidies, adding things like mortgage assistance programs, the benefits of which are phased out as income rises. ObamaCare provides still another one, by offering insurance subsidies that also phase out.
While these programs might help those in need over the short term, they add to what is already a steep effective marginal tax rate for those in the phase-out range.
Mulligan figures the top rate for these families eligible for various federal aid programs went from 40% to 48% in the immediate aftermath of the recession. In other words, for every extra dollar someone eligible for various aid programs makes, they lose 48% from taxes and benefit reductions.
The demand for poor people.
