In our current affairs/debate class Thursday, our professor said that a family who earns 60K a year has the same disposable income "left over money" as someone who earns 20K a year.
he says that when you add the tax returns, the public assistance that lower income families receive it makes the disposable income at the end of the year close to being the same as a earner of 60K. He says that its because the 60K earner has health insurance premiums, dental premiums, and gets little to no tax returns, SO at the end of the year their 'left over money' is equivalent to that of a lower income person's left over money. He argued that tax returns are boosts to income for lower class..so if your tax return was 5000 that actually makes your income 5000 dollars more.
he says at the end of the year it all even outs for the lower to middle middle class and the lower class.
A lot of people did not agree with him. I didn't. Because i earn 22K and i honestly feel i don't have the same amount of play money as my sister who earns 54K.
i know he was talking about at the end of the year and not throughout the year, but still. I just don't see how. Yes we get food stamps and medicaid but i still have to pay my rent and utilities and make my car payment.