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What's wrong with the welfare state?
 — ... and how to change it
Author(s)Eamonn Butler, Matthew Young
Corporate AuthorAdam Smith Institute
PublisherAdam Smith Institute, London, 1996
Pages41 pp (Adam Smith Project on Welfare State Reform)
SourceAdam Smith Institute, 23 Great Smith Street, London SW1P 3BL.
KeywordsSocial welfare ; Social security [generally] ; Pensions ; Finance ; Social policy.
AnnotationThe origins of the welfare state and its present and projected costs are outlined. As the UK population gets older, there will more and longer dependence on pensions. The authors point to the injustices and inadequacies of a system of universal benefits distributed, regardless of need. Public awareness of the inadequacies of state pensions and benefits has led to the growth of private alternatives. The authors argue the need for a planned migration to a funded replacement for all the basic benefits available under the national insurance system, which they call the 'Fortune account', a sort of personal savings and insurance scheme.
Accession NumberCPA-971007206 B
ClassmarkTY: TYA: JJ: WN: TM2

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