The basic problem is that efficient producer types make terrible consumers. From my industrious friends to Warren Buffet, they don't care to spend the wealth they accumulate. The dollars move more slowly, often to the hands of rent-seeking institutions. When they do consume on a large scale, it funds innovative of extravagance. Its fundamentally ineffective and inefficient relative to other models.

Given resources, consumers are remarkably efficient at consuming. My neighborhood is alive with home improvement projects, enabled by direct cash payments. The money isn't going idle. These dollars are flowing throughout communities into places that large money cannot reach. The velocity of these dollars is at least an order of degrees faster than sitting in an individual's offshore account. This invigorates production, adaptation, and research in ways a grant or tax discount cannot.

I often hear we live in a consumer-driven economy. If that is the case, its only prudent to empower consumption across the broadest possible base to grow the economy. The more I think about it, the more it seems like excluding people from being able to earn and spend money is actually sacrificing macroeconomic growth in exchange for social control.