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Benjamin Franklin: Government Welfare Is Not “Doing Good to the Poor”

The federal government lacks any legitimate constitutional authority to establish welfare programs for the poor. Not only that, the federal welfare system fails in its promise to “help the poor” out of poverty.Supporters of the expansive federal welfare system argue the “general welfare clause” authorizes them. But the general welfare clause is not a blank check. It does not grant blanket authority for the federal government to do anything it decides in its infinite wisdom is for the...

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Minimum Wage: A Most Remarkable Belief

In a study published earlier this month, “The Effects on Employment and Family Income of Increasing the Federal Minimum Wage,” the Congressional Budget Office (CBO) estimated that a gradual increase of the federal minimum wage to $15 an hour by 2025 (from the current $7.25) would boost the wages of 17 million workers at the cost of 1.3 million pushed out of employment. (Lower increases in the minimum wage would have similar but reduced effects.) The reaction of Rep....

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Henderson’s Case Against a Universal Basic Income

Even some free-market economists, such as Duke University’s Michael Munger, argue for a UBI that would replace the current welfare state. But assuming unrealistically that the existing means-tested welfare state programs could be completely replaced, a UBI of $12,000 a year or even of $10,000 a year would require large increases in federal government spending and large increases in taxes. This is an excerpt from my article on Hoover’s Defining Ideas site, published...

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Free Money for Everyone! It’s Your Dime Interview with Antony Sammeroff

We’ve seen growing support for a universal basic income or UBI. In a nutshell, the government would pay every citizen a set amount of money without any means testing or work requirement. Democratic Party presidential candidate Andrew Yang has made UBI a central issue in his campaign. Under his plan, every American over the age of 18 would get $1,000 per month, guaranteed.  This sounds great, doesn’t it? Who doesn’t want free money? But the plan raises a few questions — like how would the...

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Ron Paul Blasts Congress’ Political And Personal Immorality

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, Many Americans have been shocked by recent revelations of the extent of sexual harassment in Congress. However, no one should be too surprised that those who spend their lives defending and expanding the welfare-warfare state engage in immoral personal conduct. It is only natural that an immoral system, like the welfare-warfare state, tends to attract individuals likely to practice personal immorality. The...

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Get Government Out Of The Welfare Business

Authored by Lee Friday via The Mises Institute, Fighting poverty is a favorite pastime of government because politicians get to portray themselves as champions of the poor. However, the unfortunate few tend to be far fewer in number when aid is extended privately instead of through tax funded programs. Government Bureaucracies Benefit from Welfare Programs Coercion is used to acquire the revenue (taxes) to finance welfare programs. As evidenced by the commission it retains prior to...

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Resolved: The Welfare State Should Be Abolished

Authored by Jeffrey Tucker via The Foundation For Economic Ecucation, That the welfare state is for the purpose of helping the poor is one of the great fictions of our time... I was honored to be the guest speaker of the Yale University Political Union last week, addressing the need to abolish the welfare state. The structure of the union breaks down students into “parties” based on political ideology. The guest speaks and then the students challenge. This is followed by minor speeches and...

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How Welfare States Encourage Bad Economic Thinking

Authored by Jakub Bozydar Wisniewski via The Mises Institute, The greatest intellectual accomplishment of the laissez-faire liberal theorists was the recognition of the “hard” and “soft” institutions that are crucial prerequisites of productive accomplishment and material prosperity. The hard institutions include private property rights, market prices, and sound money. The soft institutions include those that reinforce values such as prudence, thrift, resourcefulness, innovative courage, and...

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The Reason for Statist Immigration

For a variety of reasons, statist immigration doesn’t work.  One example: the unemployment rate among new immigrants is double that of Canadian-born workers. And so, immigration is “public policy” that should be returned to the actual public, through voluntary trade.  But that’s unlikely to happen since the federal government has expressed a desire to increase immigration over the next seven years. They intend to fill in the gap left by retiring baby boomers. That’s about 2.2 million...

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The Dangers Of A “Universal Basic Income”

Submitted by Nathan Keeble via The Mises Institute, Finland has announced that it is conducting a social policy “experiment” which deserves closer examination. Through 2017 and 2018, Finland will provide a guaranteed basic income of 560 euros to 2,000 randomly selected welfare recipients. This benefit will be subtracted from other, currently existing welfare benefits that participants may be receiving, and, crucially, the payments will continue regardless of any other income that is earned....

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