Universal Basic Income: Worse Than the Status Quo

Dep’t of Economics and Mercatus Center

George Mason University

bcaplan@gmu.eduClassical Liberalism vs. the Welfare State • Classical liberals have three main complaintsabout the welfare state.• Complaint #1: The fiscal cost is high and growing rapidly, leading to a future of exorbitant taxes or financial crisis.• Complaint #2: It gives recipients bad incentives. If government takes care of you, you’re less likely to take care of yourself by working, planning, and saving.• Complaint #3: “Forced charity†is unjust. Individuals have a moral right to decide if and when they want to help others.From Classical Liberalism to the UBI• Even if you think […]

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