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Who should pay for veteran’s benefits and other federal government promises?

Published in Ask Dr. Ruwart .

Question:

What is the libertarian view on the U.S. Department of Veterans Affairs? Do libertarians support tax dollars going to help our nation’s veterans with health care and other services, including disability benefits? Or is that also considered pork-barrel spending by libertarians?

economic

Answer:

In a libertarian society, military personnel would have compensation that was guaranteed by written contract. Funding these benefits wouldn’t depend upon taxation of future generations, as it is today. Instead, the benefits would be supplied by annuity-like funds that would grow over time. Thus veterans’ benefits wouldn’t become a political football.

Some libertarians do indeed support the use of tax dollars to fulfill promises to veterans, retirees, and others. Unfortunately, government has promised so much to so many that the only way these promises could actually be completely fulfilled would be to inflate the currency, which essentially imposes additional “taxes” upon us all.

Some libertarians have suggested selling off government assets, such as its 40% of the U.S. landmass, in order to attempt to fulfill these promises. I personally prefer this solution.

However, I suspect that none of us will ever see more than a fraction of what the government has promised us. The government operates a Ponzi scheme by spending today what has been promised for tomorrow. Because we, as a nation, have gone along with this Ponzi scheme, we will all eventually suffer the consequences. I fear there will be no easy way out.

Very few politicians will ever share this unpleasant truth with you, because they fear you’ll lose your faith and trust in them. However, the truth does set you free — to take another path and work to create a libertarian society!


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