Re:Born Poor? Santa Fe economist Samuel Bowles says you bet...
by isleyaardvark on Thursday February 04, 2010 @10:51PM
(#1102646)
Fair enough, I assumed that initially everyone over 18 would get $250k. Now you could say that's an unrealistic assumption, but... so is the program. 19 year-olds can vote, how enthusiastic would they be for a program where they get the shaft? And the under-18s can't vote. People will expect to get something. (Consider Social Security, when that started people received benefits before they had paid a dime into the system.) Costs would inevitably balloon out of control. And that's not even considering other practical concerns. What about fraud? What about both legal and illegal immigration?
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