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Tuesday, March 14, 2017 0:24
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  • Why Libertarians Should Oppose the Universal Basic Income
    3. Overall, the UBI probably gives even worse incentives than the status quo. Defenders of the UBI correctly point out that it might improve incentives for people who are already on welfare. Under the status quo, earning another $1 of legal income can easily reduce your welfare by a $1, implying a marginal tax rate of 100%. But under the status quo, vast populations are ineligible for most programs. Such as? You guys! If you’re an able-bodied adult, aged 18-64, who doesn’t have custody of any minor children, the current system doesn’t give you much. Switching to a UBI would expand the familiar perverse effects of the welfare state to the entire population – including you. And if taxes rise to pay for the UBI, the population-wide disincentives are even worse.
  • Antitrust, Regulation and the “Chicago School” -
    It is tempting to think that antitrust law enforcers—and the judges who rule on such matters—are immune from the self-interested motivations of ordinary mortals, that the parties involved look only to the “public’s interest” by protecting consumers from the depredations of profit-seeking business enterprises. A review of more than a century of the actual practices of applying the relevant laws points in the opposite direction.
  • How do you solve a problem like Milo Yiannopoulos? – Crowhill Weblog | Crowhill Weblog
    He’s made a name for himself by being a provocateur, so his comments are often way over the top. I don’t like that sort of behavior, but … that may be one reason he’s offered $250K book deals and I’m not. (I’m reminded of all the people giving Ann Coulter advice about the tone of her books, which sell 20 times as many copies as the books by the people lecturing her.)
  • UBI Debate Video, Bryan Caplan | EconLog | Library of Economics and Liberty
    Video of the Wilkinson-Caplan Universal Basic Income Debate is available here.  The video quality could be a little higher, but the camera does get properly rotated after a few seconds.  Thanks again to Students for Liberty and the Institute for Humane Studies for setting it all up!
  • Bryan Caplan’s Best Line and My Thoughts, David Henderson | EconLog | Library of Economics and Liberty
    Here’s a point that Bryan didn’t make but is important. In the UBI version that Ed Dolan supports, Dolan makes it spending-neutral by ending Social Security and Medicare as well as all the welfare programs. Consider what the Dolan $4.5K per person would mean to a 70-year-old couple who, in 2016, were getting the maximum monthly Social Security benefit: $2,639 for the high-earning spouse and half of that, $1319, for the other spouse. That’s $3,958 per month, or $47,496 per year. Their income from the government would fall from $47,496 per year to $10,000 per year, a drop of $37,496.


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