Soldier Soldier – #36 – S04E09 – Band of Gold
2 hours ago
The welfare state is unsustainable economically, socially and morally.
While the right resists same-sex marriage and the left thinks that cultural paradigm shifts are responsible for the transformation of today’s family, the fact is the creative powers of the market are largely responsible for the face of the family in the early 21st century.
Certainly, government regulation, including the welfare state, have influenced family life in the last four decades, but the long-run positive fundamental transformations are due to economic growth fueled by the market.
"Changes in benefit numbers over this period largely reflect changes in economic conditions."
The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation and distorts, unbalances, and shrinks production. Total real wealth and income is made smaller than it otherwise would be. On net balance there is more poverty rather than less.
- Henry Hazlitt, The Conquest of Poverty [1973]