What happens when you try to give away money?
I did a short video on the costs of trying to give away money. Some people were critical of the flippancy of the example. But remember, I had only four minutes, and I was trying to address college students, so I was looking for something they had experience with.
But, okay, if you want examples, for class or conversation, of the grave damage that can be done if we try to give away money, here you go. I am willing to admit, for the sake of argument, that these programs might be well intentioned, rather than just cheesy vote-buying schemes. That makes them WORSE, if anything. The government simply cannot give away money.
1. Food stamps kill. Rhode Island town shows futility of trying to "help" people by giving away money. Here is the WaPo story
2. Amazingly honest NPR story about supplemental disability Social Security. From now on, if anyone asks about the costs of rent-seeking, THIS is your go-to example.
But, even if one concedes that the intentions are good, the bad effects should be enough to make people realize, as Bill Clinton did, that the program is a bad one. The problem is that Nancy Pelosi and Co. sincerely believe that the effects are POSITIVE.
Nod to WH.