Archive for social programs
How many people do you know that, if given a large lottery win, would still keep their job and do the best they can to please their boss and company they work for? Approximately none! In general, the more of a person’s life is guaranteed by someone else, the less incentive that person has to earn and be productive. After all, if some or all of your needs are taken care of, and if someone else picks up the tab whenever something goes wrong, why would you worry about such minor details as work... Read More→
Social programs create their own need and demand for the very services they provide. Here are a few examples: Social Security – Since people know they would be receiving a social security check upon retirement, they are less likely to fully save for it on their own. Why would they? It would be completely self defeating to save for a portion of your retirement if you know it’s going to be covered by the government. Child Welfare Payments – If a mother on welfare receives... Read More→