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.
A Philosophical Economist’s Case against a Government-Guaranteed Basic Income
By David R. Henderson
This article
appeared in
the Spring 2015 issue of The Independent Review.
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(14 pages)
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