Jim Sheehan contrasts the evils of welfare with the virtues of free markets, but he doesn't suggest the obvious remedy. In addition to maximizing profits, the first principle of market economics is to eliminate the competition — in this case, welfare recipients. Financial markets refer to these welfare types as moral hazard.
Since children are a large percentage of the welfare population, one cost-saving remedy might be to provide free contraception and abortion to those receiving benefits. The majority of those on assistance do have jobs, of course, but don't earn a living wage. This group could be written off simply by upping their eligibility requirements. As for the rest, lowering the minimum wage and ending unemployment benefit should enforce greater self-reliance.
Sheehan may be on to something. One can never be too cynical. Let market-driven social engineering be the final solution. Free enterprise uber alles!
- Robert Rukavina, Valparaiso