Some people argue the government should give everyone a “basic income.”
The problem with that approach (and the problem with other types of redistribution)
is that some people will choose not to work if they can simply rely on handouts from the government.
That’s not good for the overall economy because total output is determined by the quality and quantity of labor and capital being utilized.
Some supporters of basic income claim that basic income would not discourage work.
They point out that giving the handouts to everyone would solve the problem that exists with most forms of redistribution, which is punitive, implicit marginal tax rates if recipients try to become self-sufficient.
It would be great to solve that problem, but I’m skeptical that basic income would be a net positive.
Let’s review some new evidence about no-strings handouts. Allysia Finley of the Wall Street Journal summarized
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Utopia, you are standing in it! 
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