The savings of individuals would steadily replace taxes as the source of provision for old age.
Voice of Capitalism
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Sadly, conservatives and libertarians are perpetuating this myth that the UBI will replace the overgrown welfare system, or serve as a substantial alternative.
This bailout is quite unfair to those relatively few states that are responsible with their finances. Through this federal action, taxpayers in those states have to bail out the government officials and citizens of irresponsible states.
Some parents are so neglectful that government should intervene, but not by “telling us every little detail how to raise our children.”
Government’s built-in ignorance explains how it can spend trillions on failed poverty programs, and then respond to the failure by demanding more funds to continue the same programs.
“We should measure welfare’s success by how many people leave welfare, not by how many are added.”
Social Security is running out of money. You may not believe that, but it's a fact. That FICA money taken from your paycheck was not saved for you in a "trust fund." Politicians misled us. They spent every penny the moment it came in. This started as soon as they...
Why is it so difficult to win the case for freedom in modern American society? A variety of possible answers come to mind. The collectivists are more effective in appealing to people’s emotions. The interventionist-welfare-statist argument is easier to make than it is...
To then accuse capitalism of causing the poverty — while in the very act of eradicating it — is to commit both a historical error and a profound injustice.
Consumers pay more and almost every food business suffers because a few big sugar companies have the political clout to get themselves a sweet deal.
The only way Congress can give one American $1 is to first take it from another American.
People in San Francisco often claim to be concerned about helping the poor. But their many laws make life much tougher for the poor.
Football is popular enough to thrive without politicians subsidizing it.
“You don’t need the government to dictate how to live your life, how much money you should make, how your family should be treated.”
The world of plunder can be replaced with a community of free people pursuing mutually beneficial peaceful production.
What our world needs today is to transcend the collectivisms of the present, whether under more extreme authoritarian regimes or the seemingly milder spiders’ web of controls and commands of the interventionist-welfare state under existing democratic systems of government.
Universal basic income, as all government’s income ‘redistribution’ schemes, is immoral and harmful to all, including the recipients of such income.
The government can, and must, protect us, but not as a nanny. It is not all-knowing, and it cannot define problems for us.
One of the remaining, big European welfare-state entitlements is being developed in Congress — by Republicans.
Neither the total amount of government spending nor the likely budget deficit is threatened with meaningful reduction.
The enemies of capitalism indicted the society of liberty; they distorted the reality of capitalism and its brilliant triumphs in freeing man from poverty; and they imbedded in the minds of many the conception of political entitlements that serve the power ends of political paternalists and which requires the plundering of the peaceful and productive members of society.
The danger from the seemingly reasonable pragmatism that President Obama proposes as the norm and ideal for a middle or “third way” between capitalism and socialism is that is constantly moves society away from the competitive market economy and individual liberty and more and more in the direction of greater and more government planning and control over facets and corners of our lives.