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Jon Halsey comments on Guaranteed Income for Every American
In this essay, Jon Halsey points to a problem with many well meaning acts: Flawed government programs exacerbated by fundamental greed.
Comments re article 83639 Ideas Link to WSJ story Guaranteed Income for Every American
By Jon Halsey
Several generations ago, when I was in the military, troops living off of the base received a monthly "Housing Allowance". Periodically this stipend. which never covered housing costs, was increased by a small amount to adjust for the COL or Cost of Living index.
If the Housing Allowance was increased by $10., guess how much each and every landlord increased the rent they charged for that and every succeeding month. This phenomena was repeated across the local economy and soon all goods and services were increased by the same percentage.
Who benefitted? Certainly not the G.I.'s and their families who received the increase, as their additional HA went to the Landlord Certainly not the landlord, at best, they broke even because the additional rent did not increase their net worth since everything they used or purchased now cost more.
Was anybody hurt financially? Certainly the G.I.'s and their families who realized no benefit since the spread between the HA and the rent they paid remained the same but now the cost of everything else they used went up just as with the landlords and everyone else throughout the local economy.
This was a prime example of Government policy that benefitted only the Government, but hurt those who it was portrayed as helping. But at least those who pushed for the increase got to "feel good" because they were "helping the little folk."
This story was posted on 2016-06-05 06:44:44
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