To understand the real cost of FREE, let us take a look at the history of the rise and fall of a great empire. One of the empires we should study is the Roman Empire.
The Roman Empire for example had great technology for conquering and taxing people so they were able to create a vast empire. Their difficulties began as people moved from the conquered lands and into cities such as Rome. As the city of Rome grew, the leaders became concerned that the urban mobs would revolt if they had no jobs, shelter, or food. So the Romans fed the people and created great distractions such as the Colosseum to entertain the masses. Soon Rome became a great city of people who expected to be entertained and fed. Rome became a welfare state, a large government bureaucracy. Instead of solving problems, they created more problems. Just as we are seeing today with the printing of trillions of dollars and sending stimulus checks to Americans, Americans are becoming more and more dependent on large government. If that continues, taxes will skyrocket. While it took hundreds of years for the Roman Empire to finally collapse, with today’s speed of money transfers, the great American Empire could fall much more quickly. When we pay people not to work, we are just paying them not to revolt. That was the lesson we should have learned from the fall of the Roman Empire. But then since we do not study history, we are bound to repeat the same mistakes.
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was passed by Congress on March 27, 2020. The $2.2 trillion stimulus package provided relief for Americans and for businesses who were reeling from the effects of the coronavirus pandemic. The package included financial help in the form of stimulus checks of up to $1200 for eligible Americans. Almost two months later, on May 15, the proposed legislation known as the HEROES Act passed by the US House of Representatives is set to provide another round of stimulus checks to the American people. This package, however, is worth a massive $3 trillion and would increase the size of stimulus checks to individuals and married couples with children, but it also includes rental aid and mortgage relief. While the proposed HEROES Act may not pass the Senate, with the rise in the number of positive coronavirus cases, most likely some amount will still be passed.
Some are saying these stimulus checks are exactly what Americans need, while others fear this a test-run for proposed Universal Basic Income. In early 2020, Presidential candidates toured the country pitching socialist-communist ideals, free education, free health care, free childcare, free food, and free money in the form of Universal Basic Income. The how would the “everything for free” platform be paid?. Apparently instead of the Fed printing money and giving or loaning money to the banks, many of the socialists want the Fed to print money and give it directly to the people. With their plan, we will end up paying dearly for “free.” We will end up paying with our “freedom.”
The U.S. prospered and the economy blossomed as a result of identifying opportunity during times of economic concerns. Out of necessity. people were forced to become creative and solve real problems. But now, if we start paying people to not work, all the innovation that America is known for will eventually grind to a halt. There will be no motivation to solve problems if we rely on the bloated government to solve our problems.