The Cost of Maintaining the Welfare State

Germinal Van ()

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this essay is to explain how the cost of maintaining the welfare state does not produce the results intended in addition to creating an economic burden on the taxpayer from which he does not obtain any significant benefit. By cost, I do not merely imply monetary cost, but also a social cost. The welfare state exists in almost every advanced economy whether it is in Canada, France, the United Kingdom, Australia, or Germany. However, the analysis of this essay focuses on the welfare system of the United States since it is the country in which I reside. Hence, this essay argues about how the welfare state could be dismantled by a gradual approach rather than an abrupt and revolutionary approach. To elucidate how the welfare state could be dismantled gradually rather than abruptly, I proceeded with the inductive method by first analyzing the historical and statistical evidence related to the welfare state, then developed a hypothetical scenario of the dismantlement of the welfare state.

Keywords: Econometrics; Statistical Modelling; Welfare Economics; Statistical Analysis (search for similar items in EconPapers)
JEL-codes: C01 C1 C5 D60 D62 (search for similar items in EconPapers)
Date: 2021-07-22
New Economics Papers: this item is included in nep-cwa and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:108876

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