Why give rich people benefits?
You probably don’t see yourself as a someone who depends on the welfare state, but I bet you’re wrong.
Rich or poor, it’s hard to avoid state handouts these days. Even retired billionaires are entitled to winter-fuel payments of £250 to heat their mansions, while dukes get child benefit of £20 a week for their heirs (along with £250 for the child’s trust fund). The different types of benefits have increased from just seven between 1948 and 1969 to well over 50 now – and the Government runs “costly campaigns” to tell the public about them.
No wonder the country’s in debt.
Instead of urging people to take up benefits, we should be promoting self-sufficiency. We’ll never reduce welfare dependency until we tackle the passive mind-set behind it.
Let’s begin by stopping all benefits for high-rate taxpayers, and encouraging others to forego them. One idea could be to give taxpayers a small discount on their basic rate of tax if they took no benefits the previous year – the welfare equivalent of a no-claims bonus.
Welfare should be a safety net, not a mainstream way of life.
Related articles
- Economics and Investing: (survivalblog.com)
- Inequality and consistency (marginalrevolution.com)

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