Can Republicans Stomach the Idea of Free Money?

Since I left the Libertarian Party a decade ago, I have reverted to a more pragmatic and utilitarian vision of liberty, more Milton Friedman and less Murray Rothbard. Way back when I was in high school I was impressed with Friedman’s Negative Income Tax. Today, I want to simplify the idea and have a flat tax for The 99% coupled with free money for everyone.

But one of my favorite political pundits, P.J. O’Rourke, says NO. He says that a universal basic income is one of this month’s two worst political ideas. He points out that if his younger self had gotten a thousand dollar a month stipend, he would have remained an insufferable useless hippie.

He has a point. Some people will manage to live unproductive lives on a universal basic income, writing bad poetry, chanting Marxist slogans, crafting bad art, and sporting bad hair.

But people are doing this now, with much bigger government grants. We call them college professors, and fine artists.

P.J. makes a major mistake in applying the UBI idea to his younger self: $1000/month today would be far less than a thousand a month was back when he was an insufferable hippie. We had a rather serious bout of inflation in between then and now. To live as a happy hippie on a kilobuck/month today would require serious frugality, or even a bit of farming and other productive, if non-monetary, work. But under a UBI, unlike welfare, you could supplement your free government check with some legal monetary work without losing your benefits. Yes, you would pay taxes on that work, but the rate would be no more than what doctors and lawyers pay today — and they still show up for work from time to time.

Yes, this money is “unearned.” So are inheritances. I have a question for the Republicans in the audience: should inheritances be banned? I can say from direct experience that some who receive major inheritances do live lives of unproductive socialistic yammering. (I knew a few trustafarians back in my Asheville days.) Should we ban all inheritance to make such people get a job?

 

The Book is Out!!

Roughly 114,000 words, this is a real book, even if it is only available for Kindle. (This is about three times the size of the version of the Plan on the web.) Get it here.

Draft Preface for My New Book

The U.S. political system is broken. The Democrats and Republicans have stopped talking to each other. Our legislatures lurch from one party rule by Democrats to one party rule by Republicans. We could really use a new political party, one capable of winning enough seats in Congress so that no party has a majority. ThenContinue Reading

A New Series on Criminal Justice

Oops! I forgot to announce it on this What’s New blog: I have started a new series on the main site on criminal justice. Besides the first page of the series, I now have one on the economics of crime, and one on criminal psychology; i.e., I go a bit beyond economics in modeling criminal behavior.Continue Reading

New Facebook Group Created

The number of inquiries about starting a new political party has been huge this year. (I wonder why?) I’ve begun to realize that I have become the bottleneck in this process. So I’ve created a new tool for those interested in doing something active to connect and discuss their ideas: a new Holistic Politics FacebookContinue Reading