Thanks! (both for the comment and the comment about proofreading)
The same problem would apply in theory - you'd still have a weakened price mechanism because of the taxation used to fund it. $1000 dollars a month is just a lot.
It might still be worth is obviously - the point of this post isn't to say that welfare spending is bad just that there's a tradeoff, outside of the special cases of efficency enhancing taxes for stuff like pollution.
Yeah I think I should have framed this better. It would be very attractive if all inequality was caused by rent seeking and other market imperfections. But if some of the inequality comes intrinsically with a perfectly functioning market you'll always face some tradeoff between inequality and using the price mechanism.
Makes me want to do the same thing for markets
This looks so great Ollie! I