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  • 3 years ago
Debunking the Guaranteed Minimum Income

Debunking the Guaranteed Minimum Income

This is something that's been floating around the internet for some time. Most recently by Thom Hartmann who suggested it as a way to reduce the welfare state and end poverty in America.
Oddly enough I've had several people in the private Facebook group ( posts asking for clarification so I thought we needed to spend some time on it here. 
The difficult part about this topic, and more specifically Thom's promotion of it, is that it's full of not just distortions of economics but flat out lies about the success of this type of program in other countries. 
I could make a very simple case using the 5 principles of liberty we talk about on this show frequently but that will not be enough for many of the supporters of this idea you'll encounter in your daily life. So we have to spend some real time discussing the nuances of this idea and where it falls short.
The important think to remember is that your goal should not be to try and