Thursday, September 16, 2021

The State of Our Welfare

 ("Can America Afford to Become a Major Social Welfare State?")

Even this former economic adviser to George W. says "yes". But then he asks "should we", predicating his response on a theoretical disincentive of the well to do to work to maximum capacity if they are subject to  higher taxes. Especially if those monies are earmarked for ones whose fortunes, economic and otherwise, are dire.

I would then wonder why this approach didn't result in our economy's total collapse when the highest marginal tax rate was 91 per cent in the early 1960's.  

Mr. Mankiw writes of compassion being a noble virtue BUT... 

What is the moral responsibility of this nation? If we are capable of improving the lives of those within our midst at little true cost to the well being of the well off, can we afford not to do this?

The word "welfare" is overflowing with negative implications, a demeaning code for those whose worth is measured only in dollars and cents. Rather, we should define our value by how we protect those with the least, not the most, among us.   

Yes we can. Then yes we must.

1 comment:

Anonymous said...

Worth publishing. Hope they do.