Poverty fighters around the world are calling for the Universal Basic Income (UBI). This is due to the fact that the welfare programs from the government are expensive. Why not distributed all this money to everyone?
Let’s have a look at the programs the government has. They have all type of forms of guaranteed income. They call it welfare programs. Welfare programs for the disabled, unemployed and so on. For every group a different form of benefits.
The supporters of the guaranteed basic income are genuinely worried about poverty. At the same time are the critics of the welfare state talking about the bureaucratic and inefficiency of the program.
Let’s have a look at what is keeping people into poverty.
Regulation is one of the most terrible methods the government has o keep people into poverty. With regulation, the consumers are pushed towards certain behavior. This behavior is to support special interest groups. Groups with certain specific needs. But those needs are not for the good of the people. It is for the good of special interest groups.
Inflation keeps prices going up. Prices which are just the costs of living. By keeping inflation remaining there we just have higher costs of living. Higher costs of living hurt the poor more than the rich.
When we look at what is needed to end poverty than it is easy. Abolish the wealth destruction policies, allow those in need to execute a certain form of economic valuable activity. Let’s begin with abolishing the welfare state.