This is covered in the book I linked. The "contingency fund" for the most needy. When properly managed, has a net benefit to society because it helps people get

This is covered in the book I linked. The "contingency fund" for the most needy. When properly managed, has a net benefit to society because it helps people get back to work and become productive capital accumulators, which benefits both themselves and society. However, when welfare is badly managed and is essentially given out to anybody, is overpaid because "muh rights to basic standard of living," and without adequate consideration of where the capital comes from to provide the welfare service, then there cannot be a sustainable welfare. The government does nothing but drain capital away. Poor voters will always vote for the politicians who promise them freebies (out of other people's capital savings!) It is only savers who have skin in the game and who ultimately have the moral right to decide how their hard earned capital should be spent. Youth for the past few decades have been fed a heavily distorted image of reality where they are expected to believe that capitalists are evil and that government is protecting them from those evil capitalists. It's no surprise they have no idea that capitalists are providing 100% of the funding of their welfare systems, and that their government only consumes the capital - it creates nothing, and cannot survive without the capitalists which fund it. Capitalists are of course not these evil monsters who only care about getting rich at the detriment of everybody else. They're just regular people who try to improve their own lives, and accidentally improve other people's lives in the process if they succeed. You really love capitalism: https://www.prageru.com/video/why-you-love-capitalism/ https://www.prageru.com/video/why-you-love-capitalism/