One of the points of the article is that our welfare system is very expensive for the poor in terms of time, cognitive bandwidth, and opportunity cost.
It would be cheaper to just give everyone free money. In fact, that's the basis of the the various Guaranteed Minimum Income ideas that have been floating around for the past 45 years or so.
Comments
One of the points of the article is that our welfare system is very expensive for the poor in terms of time, cognitive bandwidth, and opportunity cost.
It would be cheaper to just give everyone free money. In fact, that's the basis of the the various Guaranteed Minimum Income ideas that have been floating around for the past 45 years or so.