Transfer payments discourage the recipients from earning income in the present and from investing in their potential to earn income in the future. People respond to a reduced cost of idleness by choosing to be idle more often.
Robert HiggsSince the end of the nineteenth century, if not earlier, presidents have misled the public about their motives and their intentions in going to war.
Robert HiggsIf I had to use a single word to describe what is fundamentally wrong with government today, I would use the word fraud.
Robert HiggsGovernment spending either is completely wasteful, merely transfers income, purchases an intermediate rather than a final good, or purchases valuable final services whose value cannot be ascertained because the transaction is not made by private parties exchanging their own resources in a market setting.
Robert HiggsIn the transfer society, the general public is not only poorer but also less contented, less autonomous, more rancorous, and more politicized. Individuals take part less often in voluntary community activities and more often in belligerent political contests. Genuine communities cannot breathe in the poisonous atmosphere of redistributional politics.
Robert Higgs