The welfare spending provides an oversized return in productivity. What is common to all the low spenders - low life expectancy.
I don’t think this is correct. Prevention provides outsized benefits, but unless benefits lead to a return to work, they do not result in increased productivity. I’m happy to be proven wrong if you have a source. I think this is a moral discussion rather than an economic one.
I understand your point. It’s just easy to make it economic as an example, productivity can go to hell. Life satisfaction and life expectancy by themselves should be a big enough motivation to support public welfare. It’s just that the arguments against are usually rooted in economic motivations, e.g. inefficiency of the tax money management.
I don’t think this is correct. Prevention provides outsized benefits, but unless benefits lead to a return to work, they do not result in increased productivity. I’m happy to be proven wrong if you have a source. I think this is a moral discussion rather than an economic one.
I understand your point. It’s just easy to make it economic as an example, productivity can go to hell. Life satisfaction and life expectancy by themselves should be a big enough motivation to support public welfare. It’s just that the arguments against are usually rooted in economic motivations, e.g. inefficiency of the tax money management.