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The Danger of “Free Money” | Winner's Minute With Mac Hammond

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00:04.7
00:15.5
When given the option of free money or hard-earned wages, many would blindly pick “free money” without realizing the price tag hidden behind that option.
00:15.6
00:25.3
Benjamin Franklin knew this. He stated, “When the people find that they can vote themselves money, they will herald the end of the republic.”
00:25.4
00:30.3
That’s why I want to remind you that government doesn’t have the ability to create wealth.
00:30.4
00:39.8
They can only redistribute wealth from a third party in order to support their promises. This “free money” seems effective for a short while,
00:39.9
00:45.2
but it doesn’t teach a pathway to increase or the reward for hard work.
00:45.3
00:55.3
In other words, government can occasionally deliver short-term help, but is a bad long-term provider. I’m Mac Hammond, and this is the Winner’s Minute.