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.
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.