JOHN STOSSEL: The Cost Of Free Money
Some politicians and activists are eager to give you “free” money.
They call it universal basic income (UBI) — cash for everyone, no strings attached.
Comedian Dave Chappelle thinks UBI would “save my community almost instantly.”
UBI activist Conrad Shaw agrees: “You would effectively get rid of extreme poverty immediately.”
He says a UBI will help people “start businesses, fix their homes or invest in sustainable gardens.”
Well, “sustainable gardens” might be nice, but someone still has to make stuff. And that requires work — often difficult work.
When I was young, if I hadn’t needed to work to support myself, I wouldn’t have pushed so hard to overcome my fears, my stuttering and my reluctance to speak publicly. I wouldn’t have become successful. I might have stayed in bed most of the day. (RELATED: JOHN STOSSEL: Free Trade Will Lead To Economic Growth — It’s A Win Win)
But Shaw disagrees. “I don’t believe you,” he says. “Nobody actually wants that … people find their passions not simply because they need to make money.”
We could argue about this all day. It would be nice if someone ran a serious........
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