Property Rights, Coercion, and the Welfare State: The Libertarian Case for a Basic Income for All
In: The independent review: journal of political economy, Volume 19, Issue 4, p. 515
ISSN: 1086-1653
The US welfare system is a disaster. The federal government alone spends well more than $600 billion each year on more than 120 different antipoverty programs. Add in another $284 billion of welfare spending at the state and local levels, and you have almost $1 trillion of government spending on welfare -- more than $20,000 for every poor person in America (Tanner 2012). That's a lot of money and a lot of bureaucracy. All of which might be excusable if the welfare state were effective at doing what it was supposed to do -- helping the poor escape poverty. But it isn't. In this essay, the author wants to defend a more ambitious claim. Though he still believe that libertarians should regard the basic-income guarantee (BIG) as a sound political compromise, he does not think that they should regard it merely as a compromise. Instead, they should see the BIG as an essential part of an ideally just libertarian system. Adapted from the source document.