Free Money for all - An idea whose time has come?
Vedanarayanan Vedantham
Marketing Leader - Chargebee, Ex-Microsoft, Ex-Razorpay.
The utopian dream of an equal society seems to be no nearer than it was a hundred years ago. Is time for us to drastically rethink how governments plan welfare schemes? Are there some examples from our history/ near present that can provide direction?
For a long time, governments have used in-kind welfare schemes to tackle poverty. In-kind schemes provide goods or services — food for schoolchildren, checkups for pregnant mothers, food stamps for families below the poverty line, etc. These in-kind welfare schemes are often complicated and multi-layered, so often only a small fraction of the scheme benefits actually reach beneficiaries.
Read my complete article on SocialCops here.