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Bill Clinton, a politically left-leaning president, "ended Welfare as we know it." Why? The old Welfare rolls created generational poverty and dependence and
by youngButEager 10y ago
Bill Clinton, a politically left-leaning president, "ended Welfare as we know it."
Why?
The old Welfare rolls created generational poverty and dependence and low or zero productivity in the multi-generational groups who received it.
Also, the German government decided Basic Income was not feasible for the following reasons:
- it will cause a significant decrease in the motivation to work among citizens, with unforeseen consequences for the national economy
- it requires a complete restructuring of the taxation, social insurance and pension systems, which will cost a significant amount of money
- the current system of social help in Germany is more effective because it's more personalized: the amount of help provided is not fixed and depends on the financial situation of the person; for some socially vulnerable groups the basic income could be not sufficient
- it will cause a vast increase in immigration (leading to unbudgetable costs to cover everyone)
- it will cause a rise of the shadow economy
- the corresponding rise of taxes will cause more inequality: higher taxes will translate themselves into higher prices of everyday products, harming the finances of poor people
See https://en.wikipedia.org/wiki/Basic_income https://en.wikipedia.org/wiki/Basic_income.
It's troubling that so many of our educated young people fail to correctly predict that giving people money will de-motivate them.
California, Illinois and New Jersey -- and Venezuela -- tax the bejeezus out of their citizens. And the problem is, the tax base can leave. The taxpaying citizens can look at their taxes going up with no tangible benefit to them personally (no roads, bridges, schools etc. improvements, just transferring their money to others to provide 'basic income').
All three states are losing taxpayers and job creators and in some cases gaining non-taxpaying, benefits-seeking citizens in greater numbers than those who leave.