For the U.S. government to provide a basic-income guarantee of $10,000 to every American citizen, federal spending would need to rise by 30 percent and the size of the welfare bureaucracy would need to double. The politico-economic case against a government-guaranteed basic income is strong, but the moral argument against it is even stronger.

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Other Independent Review articles by David R. Henderson
    Summer 2018   Why We Fight
    Fall 2016   An Economist’s Case for a Noninterventionist Foreign Policy
    Winter 2016   The Economy in 2065
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