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March 20, 2026

Poverty Is a Policy Choice We Like

Thomas Paine thought the earth belonged to everyone before it belonged to anyone.

Not metaphorically. Literally.

In Agrarian Justice (1797), Thomas Paine made a pretty straightforward argument: if private land ownership is allowed, then the people who were excluded from that land are owed something in return.

His proposal was simple. Tax land ownership. Put the money in a national fund. Pay everyone a lump sum when they become adults and a pension when they're old.

No means testing. No moral judgment. Not charity. A dividend.

The logic is hard to wiggle out of. Land isn't something we invented. It's something we claimed. Everything built on top of it might be yours, but the ground itself never was.

We mostly dropped that distinction somewhere along the way.

Now we treat land ownership as absolute, and the wealth that flows from it as earned cleanly, as if history didn't happen and infrastructure builds itself.

The System Works, Just Not for You

The United States is extremely good at generating wealth.

That's not controversial. It's measurable.

But that wealth didn't show up out of nowhere.

It came from land taken without compensation. It came from labor that wasn't paid. It came from public infrastructure that private companies turned into private profit. It came from legal systems that protect certain claims and erase others.

All of that compounds.

If your family got land through something like the Homestead Act, that compounds. If your house doubled in value because a government funded major project got built nearby, that compounds. If your business runs on the internet, which started as a government project, that compounds.

And if your family got none of that, that compounds too.

A lot of what we call "merit" is just inheritance stretched over time and disguised as individual performance.

Not entirely. But enough that it matters.

The Boring Economic Argument (It's the Important One)

You don't actually need the moral case to make this make sense.

Just look at what happens when people have money versus when they don't.

A basic income floor stabilizes demand. People spend money when they have it. Businesses depend on that. When a large chunk of the population is financially unstable, spending drops, and everything slows down.

That's not ideology. That's the economy, stupid.

It also cuts administrative waste. The U.S. runs a maze of means-tested programs, each with its own rules, paperwork, and enforcement. It's expensive to operate and easy to fall through. A universal system is just… simpler.

More interestingly, it changes behavior in ways people tend to get wrong.

There's a persistent belief that if you give people money, they'll stop working.

That hasn't shown up in the data.

In Stockton, recipients of a $500/month guaranteed income increased their rate of full-time employment by 12 percentage points in the first year. The control group gained 5.

In Finland, recipients receiving €560/month scored 7.3 out of 10 on life satisfaction, compared to 6.8 in the control group. Lower rates of depression, anxiety, and loneliness across the board. Employment did not decline.

In Kenya, GiveDirectly's unconditional cash transfers produced a 33% increase in monthly earnings, a 58% increase in asset value, and a 10% reduction in measured stress levels. Spending on alcohol and tobacco did not increase.

No collapse. No mass withdrawal. Mostly just people making slightly better decisions under less pressure.

It also turns out poverty is expensive.

Emergency healthcare, incarceration, housing instability, lost productivity from kids growing up in chaos. We pay for all of that on the back end, at the highest possible cost.

A floor shifts that spending earlier, when it's cheaper and more effective.

So Why Don't We Do It?

If it's not that expensive, and it works, and it doesn't break the labor market, then the obvious question is why we haven't done it already.

Some of it is philosophical. There are people who genuinely want minimal government involvement in anything. That's a consistent position, even if it runs into reality pretty quickly.

But that's not most of the resistance.

Most of it comes down to distribution.

Who gets the money.

There's a quiet line of thinking that goes something like this: a universal floor would help people who haven't earned it. And that feels wrong.

Not economically wrong. Morally wrong.

And once you start from there, the rest follows.

You end up defending a system that produces worse outcomes overall because it produces the "right" outcomes for the people you think should struggle.

That's the part nobody says out loud, because it sounds bad when you say it out loud.

We're Not Stuck. We're Choosing.

Poverty isn't some natural baseline we're trying and failing to rise above.

It's a result.

We have the resources to reduce it dramatically. We have evidence for approaches that work. We've tested versions of this in small and large ways.

And we keep deciding not to do it.

Not because we can't. Not because we can’t afford it. Not even because it’s just really difficult.

We're making a series of decisions that have a net negative social and economic impact on everyone in the United States. I will leave it to you to theorize why.

Paine's argument is still sitting there, 200+ years later, basically unchanged. If you allow private ownership of something that used to belong to everyone, you owe everyone something back.

That's it.

The rest of this is just whether we're comfortable admitting that we understand the tradeoffs and prefer the current outcome anyway.

Which, if we're being honest, a lot of us probably are.


This piece is the argument. If you want the instrument, The Idle Return is a concrete proposal for directing investment surplus toward direct, unconditional cash transfers to low-income families, without program overhead, without conditions, and with a tax structure that brings the net cost to roughly 23 cents on the dollar. The full policy framework covers instrument mechanics, draft Georgia legislative language, and the federal path. The complete plan is available for legislative and philanthropic stakeholder review.


Everett Steele
Everett Steele Founder of Meridian, a venture studio building software companies with AI. He writes about operations, building, and the way he thinks about both. Father, Husband, Veteran, ATLien. Connect on LinkedIn