Wednesday, November 18, 2015
Another reason to consider a basic income guarantee
If you want to know why some of us think a basic income guarantee might be the best way to help the poor in the U.S., consider the above chart, which shows the more than 80 federal programs to help low-income Americans. (Source).
Consider that each program has bureaucrats attached to it to figure out which people are "deserving" and that it's difficult for many poor people who might be reached by these programs to even know that they exist. It's pretty likely that mistakes will be made, and some people will be missed. Why not get rid of as many programs as possible and give people money, while making sure basic health coverage is included?
I read Charles Murray's book on the basic income guarantee earlier this year and can recommend it.