It’s called the Transportation-Communication Revolution. In recent times, shipping costs have fallen by 50 percent and air cargo costs have fallen by almost 100 percent. As a result, the per capita GDP of developing countries (outside of sub-Saharan Africa) between 1960 and 2015 rose a whopping 549 percent.
The bottom fifth of households in 2017 had an average (after tax and after entitlement spending) income of $33,653 per person. Almost all of this “income” is in the form of noncash welfare benefits. If all those benefits were converted into cash, a family of four in the bottom fifth of the (earned) income distribution would have $134,652 a year to spend, after taxes! The bottom fifth also had more per capita “income” than the next fifth and the middle fifth. To answer the question, “What’s Wrong?” I really shouldn’t have to say anything more. But, I did find a few more things to say in my most recent post at Forbes.
Last time around, the idea was rejected by almost 79% of the voters. And for good reasons. British Columbia’s single payer system is so mismanaged it pays for cancer patient radiation treatments in Bellingham, Washington. Its hip replacement wait can be almost a year… Because Canadian patients wait twice as long as recommended for MRI scans, those who can afford it pay cash for quick service at US imaging centers in border cities like Buffalo, NY and Bellevue, WA. More.
Negative argument card format.
A collection of arguments against the Federal Jobs Program.
Arguments in support of Social Securtiy Reform.
Evidence Card Format for Arguments Against Social Security.
Arguments Against Social Security/Medicare Expansion
Arguments against UBI in evidence card format.
A collection of arguements against universal basic income.