What you subsidize you get more of, and what you tax you get less of.This is what is wrong with most welfare schemes, they subsidize sloth, thereby increasing its prevalence. And with most taxation schemes, they tax things we'd like to see more of, like enterprise.
Monday, April 30, 2018
Human Behavior 101
Investor's Business Daily, in an article about the failure of a trial of guaranteed income in Finland, cites a truism all would be well to remember.